Page 7 - What Momma Didn't Teach Us - Credit Edition
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the account holder will add you on their card as an authorized
user for a period of 30-60 days. During this time, the person's
credit will reflect on your credit report. If your looking to
establish lines of credit for yourself, this is the ideal time to
apply for credit or request increases if your overall credit
report is strong enough to sustain the request. Understand
this is an avenue to improve the strength of your credit report
and score; however this can only take place if your report is
strong enough overall.
Let’s do a little comparison…
Secured Card Tradeline
You have total control You don’t have control
Line is determined by your You can purchase the lines
deposit you desire
Takes time Can buy the length of time
you desire to reflect on your
report
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