How The AU Process Works to Boost your Credit Score
CSI adds your name as an Authorized User (AU) on one of our high limit, low balance credit cards that also have a long and perfect payment history. An AU is someone who cannot use the account, cannot make any changes to it, nor do they have the responsibility to repay any balances that might be owed. The original intent of the AU position was to give Primary Cardholders the ability to add their children, spouses, friends or employees to their accounts so they could have access to the available credit line. A benefit occurs during this process whereby the account history for that credit card appears on the AU’s (your) credit report, and it looks like that credit card’s history has been there since the account was first opened. This gives you an immediate FICO® credit score boost.
While you do not receive the physical card or ability to use the credit line, you will receive the amazing benefit of having that particular credit card “copied and pasted” on to your credit report. This extreme increase in the limit to balance (utilization) ratio and overall average age of the revolving accounts on your credit report gives you the biggest possible FICO® score boost in less than 60 days.
In 2010 the Federal Reserve Board studied the effects of tradelines in our economy and the data suggested that over 33% of our entire nation has one or more authorized user tradelines in their credit file and these tradelines, in general, were superior to the individual’s primary accounts.
Credit Service Investigations provides an equal opportunity for those who were not fortunate enough to have a friend or family member add them onto an account as an authorized user like the other one-third (33%) of our entire nation. Credit Service Investigations does not guarantee or claim that tradelines will positively affect someone’s credit score or improve their credit profile in any way. We act as a web-based platform that brings people who are willing to rent their authorized user tradeline positions to those who want to purchase the right to be an authorized user on those available accounts.
How long Have Tradelines Been Around?
The FICO score first came into existence around 1989 and quickly became the banking industry standard to gauge credit risk. Since this time people have obsessed with trying to build their credit scores in order to qualify for just about any type of financing. This was the birth of the importance of a credit score. Credit card companies then began marketing to urge customers to add their spouses and children to the cards as authorized users so people would spend more money on credit cards. Many of us remember it being common knowledge to add your kids to your credit cards to help them get a start in life by helping to establish their credit. These days business owners add their employees to credit cards, business partners share credit cards, and now Credit Service Investigations helps bridge the inequality gap by providing the general public with equal access to tradeline positions that were once only accessible to the privileged.