How Much Will a Tradeline Boost My Credit Score?
The amount a tradeline can boost your credit score varies based on several factors, including your current credit score, the quality of the tradeline, and your overall credit history. Typically, adding a high-quality tradeline with a long history of on-time payments and low credit utilization can lead to a significant increase in your score. Some […]
What To Know About President Biden’s New Credit Reporting Plan
If you’ve been following the news lately, you likely know that the Biden administration is planning some big financial and tax changes. Here’s an overview of Biden’s proposed alterations to credit reporting and scoring and how these Biden credit scores could potentially affect people. Why Do Credit Scores Matter? Your credit score, whether it’s calculated […]
Can Tradelines Help Buy A House?
Buying a house is a big decision. It is one of the biggest and most important decisions you will ever make in life. But what if you don’t have the cash to pay for the property? Can tradelines help you buy a house? Can you afford to buy a home? Is your credit report in […]
Do Tradelines Still Work In 2021?
It’s 2021, and you want to know if your tradelines are legal. What does this mean? In the United States, a tradeline is a credit account that reflects on your credit report. Tradelines are revolving accounts or installment loans like credit cards. A tradeline will show up on your credit report as “Yes” or “No.” […]
Top 3 Credit Myths
Your credit is important, but unfortunately, many people have a poor understanding of how credit actually works. This poor understanding of credit has led to a variety of myths surrounding credit scores and reports going around. Such myths can be dangerous, and they can even impact how you view your credit report. Here are just […]
Credit Score Rehab for Ex-Wells Fargo Clients
When Wells Fargo announced earlier this year that it was ending all its consumer credit line offerings, the financial world was shocked. Not only did the move include the cancellation of all existing credit lines rather than grandfathering in support for them, it happened with very little prelude and took effect quickly. The result was […]
