Help Raise Your Credit Score

How is your credit score?

Many people have ran into credit trouble. Qualifying for a mortgage can be a difficult task if your credit score is too low. There are few tricks out there for repairing your credit score. "Credit repair" firms can can have any number of methods and can be iffy at best.

These companies usually take advantage of loopholes in the credit reporting system. One company that has found a useful loophole is Seasoned Trade Lines, Inc.. It’s a commonly used “secret” among real-estate professionals that home buyers with marginal credit can improve their credit scores by having someone with good credit add their name as an authorized user on their credit card.

Called “piggybacking” - when added on someone else’s good credit history, loan applicants boost are able to their own credit score. Real-estate agents and loan officers regularly recommend it. And now, if you have no relative or friend to ask for help, Seasoned Trade Lines, Inc. can do it for you.

For a fee, Seasoned Trade Lines, Inc. will add your name to one or more "seasoned" credit card with a history of timely payments. More Authorized accounts means a bigger boost to your credit score.
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Many realtors considers it unwise, whether turning to a relative or an Internet business, to piggyback on another person’s credit. If you are helping somebody obtain a loan they don’t qualify for, some say, you are setting them up for failure and even worse credit problems. This is because getting a loan and changing bad financial habits are not really related at all.

If you are struggling and can use a hand, perhaps this service can be useful. If it gets you on your feet and in a home that you can afford, combine that with sound credit counseling, and this may be the break you are looking for.

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