The term “tradeline” is used by credit reporting agencies to define accounts that are found on your credit report. You have a separate tradeline for each account that is present on your credit report, which includes information regarding the debt and the creditor.

When you understand how tradelines work, you get a better idea of how to analyze your credit and make positive changes.

Having a Better Understanding of Tradelines

There are two types of tradelines on your credit report, installment tradelines and revolving tradelines. Revolving tradelines are lines of credit or credit cards, while installment tradelines are mortgages, student loans, personal loans, and auto loans.

Beyond the debt, your tradeline will also have plenty of information on it, including:

• Type of account
• Lender’s name and address
• Partial account number
• Date the account was opened
• Date the account was closed
• Date of last activity
• Original loan amount or credit limit
• Current balance
• Monthly payments
• Payment history
• Recent balance (for credit cards only)

Authorized User Tradelines

One of the best ways you can build credit is with an authorized user tradeline. If you find an authorized user tradeline that is in good standing, you can take advantage of the good history and other positive aspects of the account to boost your own credit score.

The account information associated with the tradeline in question will determine the amount of time that it stays on your report.

When you’re looking to purchase authorized user tradelines, however, one of the most important things that you want to look at is the payment history. Ideally, you have a tradeline with a perfect payment history that is at least a decade old. You should also find one that has a relatively low balance compared to the credit limit.

Here at Personal Tradelines, you can rest assured that you’re buying high-quality tradelines with the elements listed above.

How Do Tradelines Work?

Before buying tradelines, it is a good idea to understand how they work.

There are three major credit bureaus: Equifax, Experian, and Transunion. These credit bureaus handle credit reports in different manners, meaning one might have information that alters from the rest. The important thing is to make sure the tradeline you are buying will be reported to each of the credit bureaus, or at minimum two out of three.

Tradelines end up being a big portion of your credit history, and the credit history carries tons of weight.

Final Thoughts – Taking Your Credit To the Next Level With Authorized User Tradelines

If you’re thinking about getting authorized user tradelines to take your credit score to the next level, we couldn’t recommend it more.

Purchasing authorized user tradelines from Personal Tradelines is a good place to start. Here at Personal Tradelines, we have a large database of quality authorized user tradelines for those looking to build their credit.

If you’re interested in learning more about how tradelines can help you, make sure to drop us a line.