A common question these days is regarding whether or not you can raise your credit score simply by buying seasoned tradelines. Let me see if I can give you a simple answer to a somewhat complicated question.

If you need to boost your credit scores, purchasing seasoned tradelines is one way to go about getting those needed points. Buying seasoned tradelines involves paying a per-month fee to have your named added as an authorized user to an account in good standing with a good history behind it. The new account will reflect on your credit report after your name has been added.

Pros of paying for and adding seasoned trade-lines: Over the past this practice has been somewhat successful for those who already have good, clean credit, and just need a small boost in their credit scores to obtain financing they are currently seeking. You can add the trade-line(s), pay for them just long enough to get your financing, then stop paying for them and let them fall off your reports. Although this seems to be a simple and easy solution, there are some considerations that make this not so great.

Cons of purchasing seasoned reports - Several issues have risen from purchasing seasoned tradelines, one of which is that the credit bureaus and federal officials watch such practices very closely. While not illegal, problems are common when it comes to how seasoned tradelines are sold. Seasoned tradelines only work for somebody with good, clean credit. Still, those with less-than-perfect credit are targeted by companies on the internet that sell good tradelines as a form of credit repair. If you have derogatory credit, purchasing seasoned tradelines won't do much of anything to boost your scores. It is basically a great way to waste your money. Good, seasoned tradelines often sell for hundreds of dollars and sometimes, thousands of dollars per month and if you don't already have good credit, it is an ineffective solution to your problem. A newer issue is also that the credit bureaus have stated that they will no longer use authorized user accounts as part of their scoring model. Such a practice will make purchasing seasoned tradelines completely pointless.

Bottom line? Purchasing seasoned tradelines isn't the best way to go. There are other means that are more effective and less costly to improve your credit scores. For tips, take a look at our 'credit repair articles' section. NCA Credit Repair is a premiere credit repair company, dedicated to helping people with bad credit. Give us a call today, receive a free evaluation and find out how we can help YOU!