Blog Page seven

  Tradelines, those magical things that can turn your lowdown, slimy frog of a credit score into a princely number worthy of the best rates on whatever it is you would want to get lending on. But how do you get them? Are you trying to find out how to add tradelines to your credit report yourself, or are you well in your search and believe you must pay to add tradelines to your report? First off, can you add them yourself? Not really, not unless you get approved for cards in your name. That is the only way you…

  Meet Jimbo, he’s seventeen, a highschool senior, runs track, likes Netflix and video games and girls, a typical young man about to enter adulthood. Fall semester he applied to several colleges, some in state, some out. He wants to study anthropology.  On his eighteenth birthday, his dad, who has an average credit of 700, adds Jimbo to his Cabela’s Capital One as an Authorised User, in essence offering a piggybacking credit card to help his son jumpstart his credit, saying “Jimbo, my good son, credit is important in this world. Protect it, it is your financial reputation.” Jimbo’s dad…