Frequently Asked Questions

11
Jan

What is a seasoned tradeline?

It is a tradeline that has some payment history. The length of the payment history determines how well “seasoned” it is. All of our tradelines are seasoned and some have had perfect payment history for 25 years or more!

11
Jan

What is a FICO® score?

The term FICO® is a registered trademark of the Fair Isaac Corporation. They developed an algorithm that looks at your credit history and assigns a numerical score. All three major credit bureaus pay Fair Isaac to use the algorithm and they create FICO® scores based upon the credit data they have about you.

11
Jan

Where can I check my credit score?

There are many ways to obtain a free credit score, and each might be a little different. For example, you can get one from your credit card issuer (Capital One and Discover, among others), or you can sign on to one of the free online credit monitoring sites, such as Credit Sesame, Credit Karma, or myBankrate. You can also pay FICO or Experian or others to see your monthly FICO credit scores. They all show you your exact numerical credit score and tell you whether your score is bad, poor, fair, good, or excellent.

11
Jan

How much do tradelines cost?

The price of tradelines depends upon the credit limit and the age of the line of credit. The better question to ask is “How much do I need to raise my score to achieve my credit goals?” We can help you answer this question during our free credit consultation.

11
Jan

How much does your service cost?

To determine if tradelines can help your situation, we at MyCreditStrategy.com need to evaluate your credit goals and analyze your current credit reports. We provide this service and give advice to you for free. Once an effective solution has been determined, we will give you a price only if we feel a tradeline will help you obtain your credit goals. Typical tradelines range from $500 to $1200. This may seem like a substantial amount of money, but it is likely very small in relation to what you could save when obtaining a loan with a better credit score.

11
Jan

When can I expect to see my increased score?

Each tradeline reports once per month to the credit bureaus, at the end of the billing cycle. Once you are added as an authorized user to an account, the tradeline will post to your credit reports a few days after the current billing cycle ends. This could be anywhere from about 5 to 35 days. At MyCreditStrategy.com, we assign tradelines based on purchase date and closing date, to minimize the amount of time it takes for our customers to see improved credit scores.

11
Jan

How much will my credit score increase if I use your service?

During the free consultation that we provide we will need to review your credit reports. Once we evaluate your reports and understand your goals we can determine the best course of action based on your credit goals. We have helped people that resulted in modest increases and we have raised scores over 200 points. Every individual situation is unique and we treat you that way!

11
Jan

What is a primary tradeline?

The term primary tradeline simply means a line of credit that is yours. You are the primary cardholder of a credit card account if it was opened by you in your name.

11
Jan

How do you add credit tradelines to my credit report?

MyCreditStrategy.com has a large portfolio of credit card tradelines ready and waiting to be used on your credit report. We offer a free consultation so that we can thoroughly understand your credit history and your credit goals. That way you only purchase the tradelines necessary to achieve your credit goals.

11
Jan

What is a credit tradeline?

The term credit tradeline is synonymous with tradeline or credit card tradeline. It is simply a line of credit that the grantor reports to a credit bureau. At MyCreditStrategy.com we use only credit card tradelines, and only those that have had all payments made on time, to provide our customers with the best possible results.

 

11
Jan

Does this really work?

Absolutely! It works, and can very quickly raise credit scores substantially if you have the right credit profile. Read some of our testimonials.

11
Jan

How long does it take for an “Authorized User” tradeline to show up on my credit report?

Each tradeline reports once per month to the credit bureaus at the end of each billing cycle. Once you are added as an “Authorized User” to an account, the tradeline will post to your credit report a few days after the current billing cycle ends. This could be anywhere from 5 to 35 days. At MyCreditStrategy.com, we assign tradelines based on purchase date and closing date, to minimize the amount of time it takes for our customers to see improved credit scores.

11
Jan

What is an “Authorized User” tradeline?

An “Authorized User” tradeline is a tradeline that is owned by one person who has added an additional person to the account. Once an “Authorized User” is added, the information about the account, including account age, payment history, and credit limit is reported to the credit bureaus for the “Authorized User“.

11
Jan

What is an “Authorized User”?

An authorized user is a person that has been granted the right or authority to use a line of credit. When we add you as an authorized user to one of our credit card tradelines you do not receive the physical card. However, the account balance, payment history, and credit limit are reported to the credit bureaus for the card holder and the authorized user.

27
Oct

What is a tradeline?

A tradeline is simply a line of credit that the grantor reports to a credit bureau. At MyCreditStrategy.com we use only credit card tradelines, and only those that have had all payments made on time, to provide our customers with the best possible results.

 

20
Oct

Legal and Ethical!

Decades ago credit card companies offered cardholders a benefit commonly referred to as an “Authorized User”. This benefit was designed for individuals with good credit to help their family members and friends gain access to credit to credit, establish credit and improve their credit history. MyCreditStrategy offers this benefit to anyone who isn’t fortunate enough to have family or friends with good credit.