Accounts You Can Use To Build Your CreditOctober 3, 2022
How are Credit Limits and Utilization Ratios Affected by Tradelines?October 25, 2022
If you’re looking to get a new car, then purchasing tradelines could certainly be helpful. If you’ve never looked into tradelines, then you’ve come to the right place.
Tradelines are seasoned accounts that consumers can purchase to become authorized users. The reason one might do this is that the right tradelines have the ability to increase one’s credit score significantly.
Let’s dive in and look at how you can use tradelines to help you purchase the car of your dreams.
Why Do You Need a Good Credit Score To Buy a Car?
To get a loan with a good interest rate, you need a good credit score. In the car-buying world, a score above 660 is decent. If you have anything below 600, you can expect to get a higher interest rate, which could leave you in heavy debt over the life of the loan.
There are many ways to raise your credit score. From loans to credit cards, however, these methods can take a lot of time.
This is where authorized user tradelines come in.
How To Add Tradelines To Your Report
There are a number of ways to add tradelines to your credit report.
Some people ask parents, friends, or close relatives to get added to their accounts. This is a low-risk way to add tradelines to a credit report. If you have people that are close to you with good credit histories that you can benefit from, you can use that information to increase your credit score.
The other way to utilize tradelines is to purchase them from a reputable tradeline company, such as Personal Tradelines. When you buy tradelines from a reputable dealer, you get access to the good credit data on that tradeline, which can, in turn, help you increase your credit.
Are Tradelines Worth It?
Tradelines can help you reap all of the benefits of having a good credit score, one of those things is purchasing a car. Tradelines offer a quick and completely legal way to boost credit with ease. However, many people are unaware that it is a viable option.
Tradelines, otherwise known as piggybacking, became a method for boosting credit after the Equal Credit Opportunity Act, which came about in 1974.
Final Thoughts – Getting Your Dream Car Through the Use of Tradelines
If you don’t have friends or family members with which you can become an authorized user, don’t fret.
There are several other options out there.
For starters, you could choose to purchase authorized user tradelines from Personal Tradelines.
Here at Personal Tradelines, we have a MASSIVE database of quality authorized user tradelines for those looking to build their credit.
Tradelines can be incredibly useful if you are looking to attain good credit scores earlier on in life. They can affect your ability to put a loan down on a car. If you are new to tradelines and you need help getting started, make sure to get in touch with us here at Personal Tradelines.