Primary Tradelines

What are Authorized User Tradelines?

Authorized user tradelines, also referred to as credit piggybacking, are revolving accounts added to primary tradelines. The purpose of this usually involves a user in need of a credit score boost to gain a loan that they didn’t qualify for before. It could be a car loan, personal loan, or a mortgage.

What are the best primary tradelines?

In the tradeline industry, the best primary tradelines are credit cards. Credit cards are revolving credit accounts. Accounts of this type are open-ended. You can use and pay them back repeatedly as long as the account remains open. There are other primary tradelines available, including auto loans, student loans, mortgages, and other lines of credit where you are the primary account holder.

Who can sell authorized user tradelines?

Selling tradelines means adding an authorized user to your credit account. The purpose behind it is to help boost the new user’s credit score. Anyone who’s a primary credit cardholder can add an authorized user. Back in the day, adding an authorized user was limited to family members. Over the years, though, selling authorized use tradelines has become a common practice.

How many primary tradelines can you have?

As a primary account holder, there is no limit as to how many accounts you can open. If you don’t have a bad credit history or no late payments made on loaned money. Your credit habits are critical factors to getting two or more primary tradelines. Meanwhile, if we talk about authorized user tradelines, technically speaking, you can have as many as you want.

Are primary tradelines legal?

Primary tradelines are very much legal. As mentioned earlier, you can get this tradeline by opening a credit card account. Banks and credit card companies offer the application for free. Selling primary tradelines, though, is an unacceptable practice. Unfortunately, some companies claim to be selling primary tradelines. Be wary, though as it can lead to a serious legal matter.