Credit Card Center Advertiser Disclosure

Reply
Regular Contributor
Posts: 115
Registered: ‎05-22-2007
0 Kudos

Paying for Trade Line / Authorized User

I am considering using a service to "buy" a seasoned trade line.  I realize that this is going to be phased out in the next few months, but we are going for a mortgage and I'd love to see my score bounce up. 
 
Any ideas of who has the best deals?
 
Suggestions/comments/concerns are welcomed.
 
Current scores:
TU 615
EQ 608
EX 630
 
No current deliquences - all collections are paid - cc balances are very low.
 
Thanks! 
 
Established Contributor
Posts: 905
Registered: ‎05-09-2007
0 Kudos

Re: Paying for Trade Line / Authorized User

As stated in previous post... This is not a practice that we should be discussing here.  ICB has their own forums.

Rob
Regular Contributor
Posts: 115
Registered: ‎05-22-2007
0 Kudos

Re: Paying for Trade Line / Authorized User

I was unaware of the forum "rules"...my apologies...
 
If you can tell me how to delete it, I will.
Moderator Emeritus
Posts: 7,326
Registered: ‎06-18-2007
0 Kudos

Re: Paying for Trade Line / Authorized User

From what I hear some CRAs have already stopped reporting AU...not sure which one started it.
 
Everything on this forun is legal. Buying an AU is concidered unsavory.
 
Welcome Heidi!
Moderator Emeritus
Posts: 6,182
Registered: ‎03-29-2007
0 Kudos

Re: Paying for Trade Line / Authorized User

Established Contributor
Posts: 905
Registered: ‎05-09-2007
0 Kudos

Re: Paying for Trade Line / Authorized User



HappyDays wrote:
From what I hear some CRAs have already stopped reporting AU...not sure which one started it.
 
Everything on this forun is legal. Buying an AU is concidered unsavory.
 
Welcome Heidi!



New FICO model is being adopted by on CRA in SEPT. 07 others following suit sometime in 2008.
 
Best guess is EQ as they already have affiliate programs with Fair Issac for example: SW offered by EQ is a FI product also offered here by MyFICO.
 
The legalities of Paid AU contracts are in question in multiple states and has been identified as fraud in a couple of markets. This is a big reason why AUs are being excluded from new model scoring. RE Lenders feel like it is a contributing factor to BKs and Mortgage defaults.
 
While I don't necessarily agree with the contribution to failing economies, we nonetheless should be focusing on legal mthods to rebuilding our credit.
 
Not a MOD, just familiar with the rules.
 
Rob
Super Contributor
Posts: 8,198
Registered: ‎03-25-2007
0 Kudos

Re: Paying for Trade Line / Authorized User



FICO_Focused wrote:
 
Not a MOD, just familiar with the rules.

 

But practicing to become one?  Smiley Very Happy
The slide from grace is really more like gliding
And I've found the trick is not to stop the sliding
But to find a graceful way of staying slid
Moderator Emeritus
Posts: 16,382
Registered: ‎03-12-2007
0 Kudos

Re: Paying for Trade Line / Authorized User



FICO_Focused wrote:
As stated in previous post... This is not a practice that we should be discussing here.  ICB has their own forums.

Rob


Exactly!
Credit Profile:
FICO 9: EQ 833 ~ EX 828 ~ TU 824 (07-12-2017)
FICO 8: EQ 830 ~ EX 819 ~ TU 828 (07-12-2017)
FICO 8 Bankcard: EQ 851 ~ EX 849 ~ TU 851 (07-12-2017)
Credit History: 29 years ~ AAoA: 14 years
Total available revolving credit: 157K ~ Cumulative Util: 3% (1 CC reporting a balance)
Inqs: 1 EX (new)
14 Total Accounts on Reports: 9 open, 5 closed. 1 newly opened installment account
Moderator Emeritus
Posts: 16,382
Registered: ‎03-12-2007
0 Kudos

Re: Paying for Trade Line / Authorized User



HeidiBoo wrote:
I am considering using a service to "buy" a seasoned trade line.  I realize that this is going to be phased out in the next few months, but we are going for a mortgage and I'd love to see my score bounce up. 
 
Any ideas of who has the best deals?
 
Suggestions/comments/concerns are welcomed.
 
Current scores:
TU 615
EQ 608
EX 630
 
No current deliquences - all collections are paid - cc balances are very low.
 
Thanks! 
 


Very Bad and very dangerous! Here's a good read.
 
Credit Profile:
FICO 9: EQ 833 ~ EX 828 ~ TU 824 (07-12-2017)
FICO 8: EQ 830 ~ EX 819 ~ TU 828 (07-12-2017)
FICO 8 Bankcard: EQ 851 ~ EX 849 ~ TU 851 (07-12-2017)
Credit History: 29 years ~ AAoA: 14 years
Total available revolving credit: 157K ~ Cumulative Util: 3% (1 CC reporting a balance)
Inqs: 1 EX (new)
14 Total Accounts on Reports: 9 open, 5 closed. 1 newly opened installment account
Established Contributor
Posts: 905
Registered: ‎05-09-2007
0 Kudos

Re: Paying for Trade Line / Authorized User



MidnightVoice wrote:


FICO_Focused wrote:
 
Not a MOD, just familiar with the rules.

 

But practicing to become one?  Smiley Very Happy



Hmmmmmmm...,..
 
Rob

Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.

† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
‡ Credit cards for FICO Score ranges: The score ranges are guidelines based on internal myFICO analysis of actual applicant approvals, and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range. These ranges were not provided by any card issuer.

* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.