How to Rebuild your Credit by Adding Authorized User Tradeline?

Rebuilding your credit can be a daunting and time-consuming task. It can take months, even years, to repair a damaged score. However, one of the quickest and easiest ways to start rebuilding your credit is to add an Authorized User Tradeline to your credit report. The primary account holder is responsible for the payments when you are added as an authorized user on a tradeline. This means that if they make late or don’t make payments at all, it won’t reflect negatively on their credit score because you are not responsible for the payments. However, if the primary account holder makes on-time payments, your credit score will benefit from a good payment history.

So, how do you go about adding an authorized user tradeline to your credit report?

The first step is to find a primary account holder who is willing to add you as an authorized user to their account. This could be a family member or close friend. It is important to ensure that the primary account holder has a good payment history. Once you have found someone willing to add you to their account, the next step is to contact the lender and let them know that you would like to be added as an authorized user. The lender will then ask you to provide them with your personal information such as your name, address, and Social Security Number.

Once the lender has verified your information, they will add you as an authorized user to the primary account holder’s account. Depending on the lender, this process can take anywhere from a few days to a few weeks.

Once you are added as an authorized user, you will begin to benefit from the primary account holders’ positive payment history. This means that your credit score will begin to improve over time as long as the primary account holder keeps making on-time payments.

Adding an authorized user tradeline to your credit report is a great way to rebuild your credit quickly. It is important to remember that the primary account holder is responsible for making payments, and if they , do not make on-time payments, your credit score will suffer. It is also important to check your credit report regularly to ensure that the tradeline is being reported accurately and that you are being credited for the positive payment history.