CREDIT BOOST TRADELINES TO BOOST YOUR CREDIT SCORES FAST

What Are Tradelines?

A Tradeline is simply an account on your credit report. Every account, whether it is good or bad is called a tradeline. Now there are two different types of tradelines (Primary Tradelines & Authorized User Tradelines) when you open a credit card by yourself it will show up as “Primary Tradeline” and when using someone else tradelines it will show up as “Authorized User Tradelines” on your credit report.

What is a Credit Score?

All types of credit scores are built from 3-digit number generated by a mathematical algorithm checking and saving your information from credit history. This score system is designed to predict risk and help lenders to determine your creditworthiness for a mortgage, loan or credit card. There are a multitude of credit-scoring models in existence, but there's one that dominates the market, the FICO credit score. According to myFICO.com, the consumer website for the FICO score developer, 90 percent of all financial institutions in the U.S. use FICO scores in their decision-making process". FICO credit scores range are from 300 to 850, where a higher score indicates lower risk & lower score high risk. You can three different FICO scores, one form each three major credit bureaus: Equifax, Experian and TransUnion. Your score can affect whether or not you are approved as well as what interest rate you are charged.