What on Earth is a Credit Report Seasoned Trade Line? Add Salt and Pepper?

First of all, you must know that there is quite a bit of controversy surrounding the Credit Report Seasoned Trade Line business. It may become obsolete even while you’re reading this, because FICO says they will no longer take into account authorized users when they determine a credit score. This can be good or bad depending on the circumstances of the borrower…good for people with bad credit can show good credit…bad for students who use their parents’ cards and bad for spouses who don’t have much credit on their own.

So here we go…A credit Report Seasoned Trade Line is a way to allow strangers with bad credit to become authorized users on a credit card account of someone with good credit for a fee. It’s often referred to as “piggybacking” in the business and can be very helpful to people who have bad credit and who worry that they will never be able to have good credit again. The benefit to the person with bad credit is that they will have an account with an unblemished credit history listed on their credit report and that will raise their credit score.

The cost of a credit Report Seasoned Trade Line can run anywhere from $500 to $2,000 depending on the credit history of the new account. The person with the good credit gets only from $100 to $150 for allowing this, but the rest of the money goes to the middle man who sets up the seasoned trade line in the first place.

This is not without a significant risk for the person with good credit…who is taking on the bulk of the risk for a fraction of the actual fee. The person with bad credit may charge the credit card account and then not pay it back, resulting in damage to the good credit. Also, even though the brokers who provide the service claim that they only provide a partial credit card number to the recipient, there is a good chance that the recipient may find it out anyway because the entire number may appear on some credit reports they receive. That gives the recipient full access to all of the available credit line. Yikes!

Okay…is it legal? The FTC says their lawyers have advised them that it appears to be technically legal. The agency, however, is not saying that it IS legal. The credit Report Seasoned Trade Line practice could be fraudulent if a borrower does not disclose pertinent facts relating to his/her ability to pay back a loan, which is required by the contract. Now, you know!

If a borrower does not disclose pertinent facts relating to his/her ability to pay back a loan, which is required by the contract. Now, you know!if a borrower does not disclose pertinent facts relating to his/her ability to pay back a loan, which is required by the contract. Now, you know!if a borrower does not disclose pertinent facts relating to his/her ability to pay back a loan, which is required by the contract. Now, you know!if a borrower does not disclose pertinent facts relating to his/her ability to pay back a loan, which is required by the contract. Now, you know!if a borrower does not disclose pertinent facts relating to his/her ability to pay back a loan, which is required by the contract. Now, you know!

It is my opinion this tactic while not illegal is certainly deceptive. I recommend individuals get NEW REAL tradelines which will have the effect of immediately raising your credit score. How is this possible? 35% of your score is determined by the ratio of your used credit vs your total credit lines. The lower the ratio…the higher the credit score. If you cannot pay down existing credit cards to lower this ratio,

https://www.trade-line-partner.com/

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