Ever wondered what that account on your credit report is? It is the history of your credit. When you apply for a loan, the lender checks your credit history to ensure you can make payments if approved. Well, to cut it short, that’s a tradeline! This can include any bill you pay, credit card accounts, loans, mortgages, auto loans, and more. These tradelines will all show up on your credit report.
Becoming an authorized user on someone else’s credit card can be a great way to get your credit rating started. And, it may sound risky, but many people with poor credit are happy to buy other people’s tradelines. That is, people pay others to be added as authorized users on their credit cards. And not to use the card, just for the other person’s reputed card to show up in their own credit report.
Whether you are new to this and have no clue what a tradeline is or someone who wants to gain better insights about tradelines, you have landed at the right place. Let’s begin!
