Seasoned Tradelines – What Are Seasoned Tradelines? Seasoned Tradelines are credit tradelines that are at least 1-2 yrs of age.
A Seasoned tradeline boost credit scores fast. Seasoned Tradelines also build up your credit history.
The basic premise is that the tradeline (or “account”) is seasoned (or “aged”) so that when you’re added to it as an authorized user, your credit score is positively affected.
A Seasoned tradeline can be used to increase your average age of accounts and this is a major factor in credit scoring. A seasoned tradeline may also decrease your debt-to-credit ratio, due to the fact older cards usually have higher limits than new cards.. These benefits result in an increase in credit score.
This is a FAQs page is a good place to visit understand the complicated areas of concerning seasoned tradelines and what they are.
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