Although these clients consistently made their payments on time, the lack of established credit history often prevented them from qualifying for automobile purchases, furniture financing, rental applications, and other essential financing needs. Capital Business Finance was founded to help bridge that gap by providing solutions designed to assist individuals in building and strengthening their credit profiles while helping them achieve their financial and personal goals.
Capital Business Finance uses our inventory of low balance, high limit and perfect payment history credit cards to provide our clients with highly desirable Tradelines for a respectable credit rating which is achieved by adding your name as Authorized User to one of our cards for a set period. Once added as an authorized user, your credit score inherits positive factors that drastically increase your credit score (FICO® score) in a minimal amount of time. These positive Tradelines include:
The resulting from adding Tradelines to your credit is different for everyone. The higher score will depend on what is currently in your credit report and the type of tradeline you purchase from us. To get the credit score you are looking for, you should consult with us regarding the best types of Tradelines to add to your report. Generally, the best Tradelines are the ones with the longest time established and the highest availability of credit
Our credit card (tradelines) will appear on at least two of your three credit reports within 60 days from the expected monthly report date. Most of the time you will see the new tradelines report within a week or two after the first expected monthly reporting date.
Our cardholders will keep you listed as an authorized user on their credit card/s for at least two month. We guarantee the history of the tradeline (credit card) you chose will remain on your credit report for a minimum of 60 days. In the unlikely event that the tradeline(s) falls off your credit sooner than two months, we will re-add you to the card for an additional reporting cycle, at no additional cost to you. After two months, you are able to renew your lease under the same terms if you need the it on your credit report for a longer period of time.
Once you close on financing (example: mortgage or auto loan), the bank is legally bound to abide by the loan terms as set out in the terms/contract. Your financier cannot change the terms because your status as an authorized user has been removed from your credit report after closing of the loan. You should ensure that your loan closes before the tradelines fall off your credit report.
Go out and apply for your loan, apply for the job you wanted, or for premium car or home owners’ insurance! Start your own business! But whatever you do, remember one thing, this is not a ticket for a shopping spree. Be responsible with your new credit score. Be smart. Plan ahead and stick to your plan. It is very easy to succumb to the temptations of the credit world, but it is those of us who can manage our emotions with self-control and logical reasoning who will become masters of our financial future.
Remember, a good credit customer is one who can pay off their ENTIRE balance in full every month. Practice this and it will repay you for the rest of your life.
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