Authorized User Tradelines: Use Them to Boost Your FICO Score Fast

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Authorized User Tradelines: Use Them to Boost Your FICO Score Fast

Are you in need of a way to boost your FICO score fast? It makes sense given that your credit score impacts a large part of your life and it takes so long to build or repair your credit history.

However, there is a secret method that not many know about. You can actually buy someone else’s good credit history with authorized user tradelines.

How a Low Credit Score Hurts Your Finances

When credit scores play such a major role in purchase, it’s in your best interest to ensure that you have a good credit score before you apply for any type of loan or insurance policy. A low FICO score can mean higher interest rates, higher insurance premiums or even denial of credit.

Instead of going through all of the hard work to pay off debt and build your credit score, you can instead ask (or pay for) another person’s credit score with authorized user tradelines.

What Is an Authorized User Tradeline?

A tradeline is any account that appears on your credit report. If a person who has a good credit score adds you to their seasoned tradeline as an authorized user, you may be able to reap the benefits of their good credit history.

The simplest example of this is when a parent adds a child as an authorized user on their credit cards in an effort to help them build credit.

How to Buy Authorized User Tradelines

When you buy a tradeline it is sometimes also called “renting” a tradeline. In fact, the term “renting” is actually more accurate because when a person adds you to their tradeline as an authorized user, the primary account holder can always remove you later.

When you buy or rent tradelines from an authorized dealer, it can help you to quickly increase your FICO score so that you can:

  • get approved on loans
  • negotiate a better interest rate
  • get your rental application approved

Is It Legal to Buy Authorized User Tradelines?

While it is not illegal, your credit accounts are not the only factor that lenders use to make credit decisions. That said, one-third of Americans are already using this practice to improve their credit scores by becoming authorized users on family members’ and friends’ accounts.