FAQ's

 
After reading these and submitting your lines, you could be sleeping on a pile of cash.

Here's some frequently asked questions we recieve that may be helpful to you.

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WHAT IS A TRADELINE?

A credit report tradeline is simply an industry term to describe a credit account. If you have credit accounts, you therefore have tradelines on your report, and they may come in the form of line of credits, car loans, mortgages, credit cards, and payday advances. Here at SplendidCredit.com we focus solely on credit card tradelines.

HOW DOES A TRADELINE WORK?

Authorized user tradelines are revolving lines of credit (credit cards) on which someone with excellent credit places an individual as an authorized user on their account. If posting is successful, the account then appears on the buyer’s credit report boosting their FICO score or increasing their available credit.

WHAT ARE AUTHORIZED USER TRADELINES?

Authorized user tradelines are revolving lines of credit (credit cards) on which someone with excellent credit places an individual as an authorized user on their account. The account then appears on the buyers credit report boosting their FICO score or increasing their available credit.

Example: You add your child, spouse, sibling, etc to your credit card that is in good standing (no missed payments over the last 12 months). The strength of your credit history will help them build a credit score or repair their credit or increase their available credit (this is big if you have a lot of debt and want your credit profile down to under 30% debt to available credit).

WHAT IS AN AUTHORIZED USER?

An authorized user is a person who is listed on a credit account that they do not own. Being an authorized user on a credit account can help a person boost their credit score or increase their available credit. With SplendidCredit.com, authorized users do not have the ability to spend on your credit account as the cards for each individual you add will be shipped to your billing address. They won't have the necessary info to call your bank and obtain access to your account. Our tool is used by people who need to establish credit, raise credit, or increase their available credit for various purposes such as signing a lease, purchasing a car, or even getting a job.

HOW DO I BUY A TRADELINE?

  • Choose the tradeline(s) you prefer from our tradeline inventory.
  • Click on the chat bubble on the lower right corner of our screen to connect to a purchasing specialist.
  • Complete your purchase via the instructions provided by our team.
  • Receive your order confirmation and any special instructions if required.

DOES THE AUTHORIZED USER HAVE ACCESS TO MY CREDIT CARD OR PERSONAL INFORMATION?

No, the authorized user is never given access to your credit card as the card with the authorized users name is sent to your primary billing address. You can simply cut that card up once it arrives. A credit report does not provide any information one would need to call your credit card company and access your account information.

DOES THE AUTHORIZED USER GET A CREDIT CARD?

No, the primary owner of the card does not have to give the user access to the card. Any cards are mailed to you at your address, you just cut them up when you receive them.

HOW MUCH MONEY CAN I MAKE SELLING MY TRADELINES?

The simple answer is that it ranges. Your price per Authorized User depends on your credit cards limit, age, and balance (must be below 30% balance to limit). The older the card, the higher the limit, the more you make per user. To get a quote, click here.

WHAT TYPES OF ACCOUNTS CAN I ADD AN AUTHORIZED USER TO?

You can add authorized users to any credit card or department store cards you are the primary user for.

WHAT INFORMATION DO I NEED TO ADD AN AUTHORIZED USER?

Very little. It does vary by the credit card company but typically: -The authorized users full name and Date of birth is all you will need. Very few credit cards will require you to input the Authorized Users Social Security number in which we provide that information if necessary.

HOW MANY AUTHORIZED USERS CAN I ADD TO MY CARD?

While some credit card companies may allow you to add as many as 10 authorized users per card, we highly recommend only 3 people per card per month. Our trained professionals will guide you through the process and answer any questions you may have!

First off we are not lawyers so for legal questions we suggest you consult an attorney. What we do know is that adding an authorized user is backed by the Fair Credit Reporting Act (FCRA) and explained in most paperwork that comes with your credit card. The process itself is an option available to all credit card holders and has often been used for children, relatives, and friends. It's the same idea of having a credit card with your employer. You can check out our blog from a long winded document our Federal Reserve released.