Improve Your Credit Score with Authorized User Tradelines

Improve Your Credit Score with Authorized User Tradelines

At some point, we have all aspired to get that dream house, that dream car, funding a business or even spend on self-improvement. However, it’s no longer that easy to secure funding from financial institutions, as these companies are looking at a certain benchmark to ascertain if we’re worthy or not. Can you guess what this is? Yes! You’re right. What I’m referring to is our Credit Score.

According to Investopedia: “A credit score is a statistical number that evaluates a consumer's creditworthiness and is based on credit history. Lenders use credit scores to evaluate the probability that an individual will repay his or her debts. A person's credit score ranges from 300 to 850, and the higher the score, the more financially trustworthy a person is considered to be.” While there are other credit-scoring systems available, the most common method used is the one by FICO (Fair Isaac Corporation), who are also the inventors of the credit score model.

A credit score plays a huge role in the decision-making process of a lender to offer credit. Normally people with credit scores below 640 are considered subprime, while a credit score of 700 and above means you’re generally in good standing.

What does this mean?

An excellent credit score means you have better chances of securing a loan, opening a credit card, etc. If you’re borrowing, you may get a lower interest rate compared to someone with a lower credit score. This is because your credit score factors in your payment history, total amount owed, length of credit history, types of credit and new credit. If you have an excellent credit score, these financial institutions most likely won’t worry about you not paying for the money you owe.

Worry Not

If you’ve reached this part, chances are you’re hoping to see some solutions to improve your credit score. You know what? I have something better. I’d like to introduce 720 Credit LLC.

720 Credit LLC will be there to help you improve your credit score through a process called Authorized User Tradelines. Basically, the process involves you being added as an authorized user under a person who has a really great credit score, has a large credit line and has at least 5 years payment history.

The good news is that this will help you boost your credit score by at least 100-150 points.

You can do this process on your own, but why bother? Why don’t you let the experts do it for you? If you’d like to give this a shot, please feel free to contact 720 Credit LLC and they’d be more than happy to help out.