BOOST YOUR CREDIT SCORES FAST
Higher credit scores equal better opportunities
WHAT IS CREDIT BOOSTING?
Before we explain what credit boosting is, and how it works: we want to say thank you for showing interest in increasing your credit scores by visiting the The Credit Booster. This website is owned and managed by Robinson Investments Capital & Holdings (R.I.C.H.) Group, LLC. We are pretty confident that if you use our services, your credit scores will increase.
Credit Boosting is one method of improving your credit score (FICO score) by adding positive credit activity and history (tradelines) to your credit profile which reports to the three main credit agency bureaus: Experian, Equifax & Transunion. This addition to your credit profile doesn’t require hard inquiries. Hard inquiries can negatively affect your credit profile.
The most common way to boost your credit score is lowering your credit card debt: getting your credit card utilization below 30%; ultimately 10%. Depending upon how much credit card debt that you have, it could take months or years to significantly increase your credit scores by paying down credit card debt. However, one proven method to significantly boost your credit score pretty swiftly is by purchasing tradelines. Adding our tradelines is how we help you.
We are sure that you have a few questions about tradelines. That is understandable. We will answer the four basic questions that most people have. What is a tradeline and how do can they help me boost my credit score? A tradeline is a credit account which belongs to another person that can appear on your credit report. Credit reporting agencies use tradelines to calculate credit scores, and lenders use them to evaluate creditworthiness when approving loans. At R.I.C.H. Group, LLC, we focus on leveraging our excellent credit cards: amounts, history, usage and etc to help our clients increase their credit scores.
The third common question is how soon or fast will my credit score increase and how soon. In most cases it can take about two credit card billing cycles (two months) for the new tradeline(s) to report to your own personal credit card report. We’ve seen scores increase in less than thirty days. Keep in mind, negative items on your own personal credit card report can slow down the process.
How many points can my credit score increase? There are various factors that help determine the amount of increase you can see in your credit scores. For best practices please make sure that your credit has been repaired prior to adding tradelines. If you need help with repairing your credit, let us know immediately. Derogatory items, such as collections and late payments will need to be removed first to see the best or greatest increase to your score. When shopping for a tradeline the “age of the account” also known as “credit history” is important, the older a tradeline the better the increase. The dollar amount or credit limit of that same credit card is important also. The higher the credit limit the better. We do not guarantee how many points you receive due to the various factors of credit. Some clients get 10-20, 40, or even 80 points or more. For better understanding you may schedule a consultation.
Having a credit score of 680 versus a score of 720; although only 40 points, makes a huge difference in your payments and your access to certain credit score dependent benefits. Increasing your score by forty points can mean lower interest rates which means lower payments. Having a low credit score can disqualify you from living certain places. Unfortunately, a lower credit score gives the assumption that you may not be responsible or trust-worthy enough to pay
Fact: Over the life of a traditional 20 -30 mortgage, person with a 680 credit score will pay tens of thousands dollars more than a person with a credit score of 720 for the same house. Forty points matters.
Fact: A person with a low credit score can pay an extra $100 more a month in car payments and twice as much in interest than a person with a higher credit score
If you have more questions, read our frequently asked questions (FAQs) below.
Upgrade Your Life
BUY A NEW CAR
Boosting your credit score via purchasing a tradeline will definitely help you purchase a vehicle at a lower interest rate & save you money.
GET A BETTER APARTMENT
Some apartments will not allow you to live there with a low credit score. Boosting your credit score can increase your ability to qualify.
BUY A NEW HOME
Over the lifespan of a mortgage, a person with a high credit score will pay tens of thousand less than a person with a low credit score.
Tradeline FAQs
How do tradelines work?
When a person is added as an authorized user on someone else’s credit card account, the length of history, amount of debt of the account is often reflected in the records of both the primary account holder and the authorized user. This is because credit reports do not show the date the authorized user was added to the account, but rather the date that the account was originally opened. So, after the authorized user is added, their credit report may begin to show years of history associated with the account.
Are tradelines legal or illegal?
We do not provide legal advice, however, we can answer this common question by referring to official proceedings and statements from the authorities. Tradelines & authorized users went to the U.S. Congress in 2008, when FICO tried to eliminate authorized user benefits from its credit scoring model. They ultimately reversed their stance and decided to keep factoring authorized user benefits into credit scores thanks to the Equal Credit Opportunity Act of 1974. In 2010, the Federal Reserve Board conducted a large-scale study on what they referred to as “piggybacking credit” and found that over one-third of the credit files that could be scored had at least one authorized user account in their credit profile, which shows that having authorized user tradelines is an extremely common practice. Banks and credit card companies promote or encourage the practice of becoming a credit card authorized user.
How long does a tradeline stay on my credit report?
Using our platform, the tradeline will stay on your credit report for three reporting cycles, which is approximately three months. This is long enough to cover you during your application process (car home or etc.). After the two months of being an active authorized user is complete, you will be removed from the account and the tradeline will then appear as closed. A closed tradeline will often remain on your credit report for several years. If you need to keep the tradeline(s) longer, let us know and we can bill you for longer usage.
What info is need to buy a tradeline?
Depending on the bank, requirements vary. Bank request that we provide them your full legal name, date of birth, telephone number, current mailing address for verification. Some bank may require your social security number. The more personal information we provide increases the likelihood of the scores showing on all three credit bureaus.
How many tradelines do I need to buy?
The number of tradelines needed are based on case by case and depends on your overall goal and condition of credit. If you have a light credit profile (less than five active/reporting accounts: car, house credit cards, loans) you may benefit by purchasing 2-3 tradelines. To give you a better understanding of how many you will need contact us and we can assist you.
I’m ready. What’s next?
Fill out our basic form below. Be sure to enter a valid email address and telephone number. We will set up a short consultation with you.