Released on: September 24, 2008, 9:28 am

Press Release Author: J. Ochs

Industry: Real Estate

Press Release Summary: Can you buy a higher credit score by purchasing seasoned
trade-lines? The short answer is possibly, but not without a huge cost. There are
better ways to improve your credit score.

Press Release Body: FOR IMMEDIATE RELEASE

Buying a higher credit score with seasoned trade-lines

Can you buy a higher credit score by purchasing seasoned trade-lines? This questions
seems to come up more and more these days. The answer to this is a bit complicated,
so let me see if I can give a simple easy to understand answer.

Purchasing a seasoned trade-line is the process of paying a monthly fee for having
your name added as an authorized user to a seasoned credit account for the purpose
of getting that seasoned account to report on your credit report. The goal of doing
this is to add a good trade-line to your credit that will boost your credit scores.

Pros of paying for and adding seasoned trade-lines:Over the past this practice has
been somewhat successful for those who already have good, clean credit, and just
need a small boost in their credit scores to obtain financing they are currently
seeking. You can add the trade-line(s), pay for them just long enough to get your
financing, then stop paying for them and let them fall off your reports. Although
this seems to be a simple and easy solution, there are some considerations that make
this not so great.

Cons of paying for and adding seasoned trade-lines: There are several problems with
using seasoned trade-lines that have now raised the brows of the credit bureaus as
well as federal officials. Although there is nothing illegal about adding another
person to your account, the biggest problem is in how these seasoned trade-lines are
being sold. As I mentioned above, they are only appropriate for someone with already
good clean credit, yet there are hundreds of companies on the Internet selling
trade-lines as a method of credit repair. Buying seasoned trade-line when you have
derogatory trade-lines on your credit will do little to nothing to boost your
credit. In fact, it is a ridiculous waste of your money. With the cost of these
trade-lines ranging from several hundred to several thousand per month per
trade-line, it is not an effective solution for 99% of those who seek them. The
other issue is that there are now changes underway by the credit bureaus to not
include authorized user accounts in the credit scoring model. This will completely
negate the effectiveness of seasoned trade-lines altogether.

The bottom line: For those seeking to improve their credit, there are far better,
less costly, and more effective ways to accomplish this. For some great tips, visit
our credit repair articles area. In addition, if you have bad credit and are in need
of credit repair, there is no company that does it better than NCA Credit Repair.
Call them today and get a free consultation and make the decision for yourself.

NCA Credit Repair is a premier credit services company specializing in the removal
of derogatory and incorrect information from our client’s credit reports. Over the
years, we have become “THE COMPANY YOU GO TO WHEN YOU ARE SERIOUS ABOUT REPAIRING
YOUR CREDIT”. We have developed a reputation by assisting many high-profile and VIP
clients, and have recently restructured our pricing to make our same premier
services more available to everyone.

We have been helping our clients resolve their debts and leave their negative credit
histories in the past for nearly a decade.

http://www.ncacreditrepair.com
1-888-282-1011

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Web Site: http://www.ncacreditrepair.com

Contact Details: http://www.ncacreditrepair.com
1-888-282-1011