Attempting to build credit certainly isn’t easy. However, most lenders don’t want to extend credit to consumers without credit histories. This is a bit of a catch-22 for most people.
The good thing is that there are several ways to build credit, including secured credit cards and credit builder loans.
Of course, that’s probably not how you showed up on this page, is it?
You’re here because you’ve heard that piggybacking could help raise your credit score and reach your financial goals. By definition, piggybacking is the process where the owner of a card adds an individual as an authorized user on their credit card to boost their credit.
When it comes to being an authorized user, there aren’t any guarantees for particular scores, or boosts. Any company that is selling guarantees should be given a red flag.
So, you might be wondering,
Does piggybacking work?
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Absolutely!
Piggybacking is a great method for boosting your credit if you get onto an account that is already in good standing. You should also make sure that any current debts you have are dealt with before you hop on and become an authorized user.
The chance of increasing your credit score increases when you piggyback on a responsible cardholder that has a good history. If you don’t know someone personally who will allow you to hop onto their account, you’ll have to find a company that sells authorized user tradelines.
There are several high-end tradeline companies out there that sell tradelines to consumers who can’t go through personal piggybacking channels. Selecting the right tradeline company is crucial, as you’ll find both reputable and fraudulent tradeline companies out there.
A tradeline company can connect you with strangers that have good credit standing, so you can piggyback on their credit accounts. Essentially, you pay the company to facilitate that connection.
A reliable tradeline company understands the importance of connecting you with the right people, as there are several variables you must consider when trying to decide on the best tradeline company.
One of the main things we recommend is checking out reviews from past customers to see how other people’s experiences have played out.
As you’ll see, we have an excellent track record here at Personal Tradelines.
If you’re just getting started on your journey to great credit, there are many different routes you can take. Of course, authorized tradelines aren’t going to be the only things that help you reach your credit goals, and you can’t rely on piggybacking alone.
With that said, piggybacking has a proven track record, and it has been helping individuals reach their credit goals for many years. It’s no different than it was a decade ago.
If you’re ready to take the first step towards building better credit, then make sure to get in touch with us here at Personal Tradelines! We look forward to hearing from you.
