A Seasoned Tradeline is an account that is already established and can be placed onto your credit report. Typically these account have several years of history and can also have large credit limits. When a seasoned tradeline appears on your credit report it will lend all its value to your FICO Scores.

There are several ways that a seasoned tradeline can help you:

• Improve your FICO Score
• Increase your average age of accounts
• Reduce overall balance vs limit ratio

If you are applying for a mortgage:

Adding a seasoned tradeline will improve your score allowing you to get approved at better terms, lower rates and lower MI premiums. A large limit account is not necessary when optimizing for a mortgage loan.

If you are applying for business funding:

Adding a seasoned tradeline will improve your score allowing you to get more approvals at better terms, lower rates and larger fundings. A large limit account may help you get approved for other account with similar limits.

If you are just starting out with credit:

Adding a seasoned tradeline will give your credit depth and experience so that you can qualify for credit that is typically reserved for someone with years of perfect credit experience.

If you have no score:

Adding a seasoned tradeline will give you the “open and active” accounts you need to generate a credit score. You may see your scores jump into the 700’s once the accounts appear on your credit report.

The first step to better credit is a quick phone call (877) 692-1981. We give the BEST Credit Consultations. There is not cost or obligation ever, just great credit advice.