WHAT IS A AU TRADELINE?

WHAT IS A TRADELINE? The word tradeline or trade lines as it is many times referred to is a word used in the credit and lending industries. It refers to credit accounts such credit cards, installment loans, mortgages or any other account that reports to the credit bureau agencies. The tradeline as listed on the credit report will have several pieces of information that a lender will look at and may want to know when reviewing your file. This is especially true if they are trying to determine if you are to be extended a loan.

The items usually listed on a tradeline are as follows

Name of the lender or creditor Partial loan or account number Account type – is it a mortgage, credit card, installment, collection, etc. Responsibility – is the borrower responsible for the loan or are they an authorized user Current Payment Status – is the borrower on time? or late?, have they been on time in the past? Various important dates – date opened, date reported, date of last activity Limits – what is the cardholders credit limit? Balances – what is the current balance? Terms – What is the monthly payment? Comments – placeholder for client comments or other notes

WHAT IS AN AUTHORIZED USER ACCOUNT? An authorized user account is a credit card account which has been opened by the primary cardholder for an additional user. Adding a person as an authorized user usually but does not necessarily mean there is an extra credit card issued. Some personal information may be required in order to be added as an authorized user on an account. However the holder/owner of the account does not have to provide the user their private info if they choose not to. This account is many times reported to the credit bureaus by the issuing banks. Reporting history is subject to change according to each card issuing institution as well as the credit bureaus own internal rules and guidelines. Key factors to understand are:

The primary owner of the card does not have to give the user access to the card nor do they need to share any personal or private data.

The user may be required to provide personal and private information to the owner of the card in order to be added as an authorized user.

Limits and restrictions in reporting by institutions apply individually to each company.

The number of authorized users are usually restricted by each credit source. Order your tradelines @ https://cpnnumbertradelines.wordpress.com/ or call 202-213-2218 For CPN numbers go to http://officialcpnnumber.com