Category Archives: Credit Score

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 you money. You can fix your credit, and there are consumer laws in place to protect you.

Fixing your credit is more than just about fixing your credit score. It is about repairing the errors so that your credit is a true and accurate reflection of your credit history. Every error, outdated and incomplete account history should be carefully reviewed, verified and corrected. It requires diligence and thoroughness in order to get the job done correctly. Inaccurate, unverifiable and incomplete information must be deleted, removed, updated or re-characterized by the credit bureaus and creditors.

Don’t Limit Your Options

Most people don’t even think about their credit score until they go to make a purchase that requires financing.   Then suddenly they are faced with the embarrassment of having the car salesman or mortgage broker tell them their credit score is not in the best shape. Suddenly, they tell you your credit score and you are left wondering what happened.

In order to build a good credit score (credit.about.com/od/creditreportscoring/qt/what-is-a-good-credit-score.htm) and improve your credit over time it is important to understand and avoid the mistakes that damage your credit history and score. Credit issues can stay on your credit history for many, many years.

You can negatively affect your credit report and credit score with missed payments, late payments, collections, repossessions, bankruptcy, tax liens, judgments, foreclosures and charge-offs.

Please don’t underestimate the importance of receiving and reviewing your credit reports on a regular basis. Errors and other inaccuracies can also drag down a credit score and can be on your credit history without you even knowing.

Long-Term Effects

These negative items can stay on your credit report for many years to come. Understandably, lenders are hesitant to loan people with questionable credit histories and if they do, it may be at significantly higher interest rates. It is possible to put your bad credit woes behind you, but it takes time, hard work and commitment.