Build Credit Fast with these Five Quick Tricks

Having no credit or a low credit score can trap one in a vicious cycle. It is difficult to get any loans or line of credit without a good credit score. But it is not possible to build credit if you can’t get any credit or loans. So, is there a solution to this conundrum? Yes, it is possible to build credit fast and get out of the trap of no credit.

Here are five ways to build credit fast.

Check and analyze your credit report

The first step to build credit is to check your credit reports for any inaccurate information. Often times, incorrect or outdated information mentioned in credit reports can lower your credit score. Such erroneous reporting happens quite frequently. So, you cannot simply ignore it. When your credit is low, every point counts. read more

Everything That You Wanted to Know for Adding Authorized User to Credit Card

Adding an authorized user to a credit card can have several practical advantages for the card owner as well as for the authorized user. It can offer shopping convenience or emergency funds to your family members, and credit building assistance to those you want to help. For you, it can help keep your credit card active and your credit score in good standing.

Here are a few things that you always wanted to know for adding authorized user to credit card:

What is an authorized user?

An authorized user is someone who is not the primary account holder of a credit card, but has their name on it and can legally use it. They may have it and can use it to make purchases or pay bills. The card usage will show up in the account of the primary holder when it comes to billing. However, the card issuers will usually—you should confirm with them that they will do so—report the authorized user as an independent user to the three bureaus—Experian, Equifax, and TransUnion. read more

How to Choose a Tradeline: A Buyer’s Guide

Buying a tradeline to improve your credit score is much like shopping for a commodity. It requires through research and consideration of various factors before you arrive at a decision. Here is a guide to help you choose the best company that offers tradelines for sale.

Assess the quality of the tradelines for sale

The first thing to consider is the quality of the offering, essentially the tradelines they sell. Most professional companies work with a limited number of banks, but some tend to work with too many, which needs to be addressed with caution. The need to tie up with a large number of banks arises when most of them do not report the addition of an authorized user well or they don’t report at all unless the users share the same address. If the company’s offerings include many names of financial institutions, understand that the tradelines buying activity may have little or no effect on your score. read more

How to Rebuild Your Credit

If you have bad credit then it can adversely impact your life in many ways. Lending companies and banks seldom approve loan applications of people with a low credit score. It can be difficult to buy your dream house or get approved for an auto loan. You might even need to pay a higher premium for insurance policies. But there is a way out of the mess of bad credit.

Here are some simple steps to take to rebuild your credit.

Find and dispute the errors on your credit reports.

Oftentimes, your credit score can be low due to inaccurate information mentioned in your credit reports. Simply buying rebuilding credit cards is not the solution. You need to work strategically in order to rebuild your credit. read more

How Can You Quickly Improve Your Credit Score with Tradelines?

A high credit score makes it easier (or possible) to get loan approvals and credit cards. These days even many landlords and companies consider candidates’ credit score before agreeing to lease them the apartments or hire them for jobs. So, you simply cannot afford to have a low credit score.

Due to poor financial planning or other reasons, it is possible to have a low credit score. It is, however, also possible to quickly raise your credit score with judicious use of credit cards and timely bill payments. But the fastest way to raise credit score is by using tradelines. read more

Seasoned Tradelines

Tradelines are an effective way to boost your credit score efficiently. The efficiencies come from a quicker boost to your score compared to more traditional methods, along with the ability to benefit from a well-established line of credit.

Seasoned tradelines are lines of credit that have been around for long periods of time – ranging from at least two years old several decades. Typically, with seasoned tradelines come higher lines of credit, which can benefit the tradeline customer by having a larger line of credit reported on their credit report, thus boosting their credit score. read more

Purchasing a Tradeline

Purchasing a tradeline can seem intimidating. There are several to choose from, many data points and a seemingly endless menu of options. The reality is it’s simple to narrow your search and begin finding the right tradeline for your current situation.

If you are new to tradelines; a tradeline is when your name is added as an authorized user to a well-established line of credit. The key is to purchase a seasoned tradeline – one that’s at least two years old with a clean payment history, meaning no late payments. read more

What are the Fastest Ways to Raise Credit Score?

It can take years to build good credit. But if you are not careful with it then it can adversely affect your credit score. Due to a low credit score, you can fail to qualify for loans. So, if you are faced with a low credit score, you need to take some timely measures to raise it.

Consider these options to raise your credit score in the fastest ways possible.

Lean on Tradelines

The fastest way to raise credit score is to buy tradelines from reliable sources and use them to your advantage. There are many reputed tradeline companies or credit repair companies in the business of helping people raise their credit score by making credit cards available to purchase from them. These credit cards are ideal for improving credit scores in terms of their credit history. They also have low balances and high limits; ideal for improving credit. read more

What are Tradelines and How Do They Impact Your Credit Score?

Tradelines are credit accounts that appear on credit reports. These can be lines of credit and credit cards (revolving tradelines) or loans and mortgages (installment tradelines). Each tradeline appears with a separate account on a person’s credit report with details about its use, debt, and usage. Such information can raise or lower a person’s credit score depending on the positive or negative details.

When faced with a low credit score, it becomes essential that you take steps to boost it without delay. For instance, you can work with the best tradeline companies to boost your credit score fast. read more

How to Build Credit – The Easier and Quickest Way

It is possible to build credit fast even if it may not seem so.

A low credit score is a cause of concern for sure. But if need be, you can take certain measures to raise your credit score fast.

These steps can be timely credit card and other loan installment payments, maintaining a low credit utilization ratio (ideally 70:30 or even less), and keeping a track of your credit report to avoid erroneous transactions affecting your score from appearing on it. But the quickest way to build credit is to use tradelines from reliable sources. read more

How To Repair Credit

Fixing Bad Credit

The credit reporting system is not perfect and because of errors, inaccuracies and mistakes, many consumers do not have accurate credit scores and reports, and that affects the way lenders and credit issuers review your credit risk. If this is you, a bad credit report will cost […] Continue Reading…