Artin Tounian - Boost Your Credit Score

Boost your credit score with seasoned tradelines by adding a revolving credit card to the account. Many people are struggling with being able to make large purchases because they have a history that is less than perfect. This can happen to anyone.

Dreaming of making these large purchases such as a car or home is something that everyone does, but not everyone is able actually complete because of their lack of time involved. Bad fico scores can be the result of several things such as not having credit for a very long time, never having purchased a large item before, not having any cards, or having a poor payment history on the cards you do have.

Being able to increase the score can be very difficult because making payments on time each month that will actually increase the score can take years. Being over thirty days late can result in a poor credit score being reported to the three major bureaus.

When bad payment history is reported to the agencies such as Equifax or Experian, it can actually stay on a persons report for up to seven years. It does not seem fair that missing one payment can haunt the credit score for such a long period of time.

Being able to use someone else's information can boost the fico score very quickly. A seasoned trade line is simply a line that was opened up by someone else and then transferred over to you.

When someone opens a line through a department store or other card, in some instances they will ask the card holder if he or she would like to add an authorized user on the account. If the person has a great payment history and they authorize you as the user, their payment history will immediately also be your payment history.