Credit repair is something that is very easy to do if you have some basic knowledge on what to do. If you have or had bad credit, you know that the letter writing game is very important. Keeping very good records is also part of the process, because if you get real good at fighting with your creditors and collection agencies, they will actually be paying you because they keep horrible records and they often cross the line when trying to collect a debt. This often leaves them open to lawsuits. If they get enough of these they will stop harassing people. This sounds good, but they are sales people just like anyone else. So you’ve gotten all the negative items off your credit report and think to yourself “why isn’t my credit as good as it can be?”. Well, now you have only completed part of the equation. You need to have no negative information on your credit reports, and then you need open accounts in good standing.
Trade line are credit cards, etc that list you as an authorized user on the account. Parents often do this for their children. It works like this, you add someone as an authorized user on your credit account. They don’t actually need to receive a card to access your account. As soon as the account is listed, the good payment history goes back to however long the account was open. Be very cautious because this is a legal loophole to boosting your credit score in a short period of time and I heard that one credit bureau is adopting plans to stop lending weight to the authorized user or seasoned trade line method. The others are following suit in 2008. So if I were someone looking for an advanced way to boost your credit score, I would definitely get some trade lines.
Seasoned authorized user trade lines are easy to come by today, because there are companies that will pay people to use their seasoned trade lines or you could use someone else’s seasoned trade lines. I get a lot of my credit repair information from testing the waters with my own credit. I have used seasoned trade lines and saw my credit score go through the roof, so I know it works. But like I said before, trade lines are going to be out of the picture soon, so take advantage of reliable seasoned authorized user trade lines that are around now.