Low balance credit cards with age, and perfect payment history.
This practice is sometimes called credit piggybacking and it’s 100% legal, protected by the Equal Credit Opportunity Act. Since the early 90s, millions of Americans have used credit piggybacking to obtain competitive financing for things we all need, like mortgages, car loans and education loans.
Capital Business Finance uses our inventory of low balance, high limit and perfect payment history credit cards to boost your credit score. Credit Boosting, sometimes called Credit Piggybacking, is achieved by adding your name as Authorized User to one of our cards for a set period of time. Once added as an authorized user, your credit score inherits positive factors that drastically increase your credit score (FICO® score) in less than 60 days – and we guarantee it! These positive credit boosting factors include:
The resulting credit score boost is different for everyone. The boost depends on what is currently in your credit report and the type of tradeline you purchase from us. To get the credit score boost you are looking for, you should consult with us on the best types of tradelines to add to your report. Generally, the following factor directly effect your credit score boost.
The resulting credit score boost is different for everyone. The boost depends on what is currently in your credit report and the type of tradeline you purchase from us. To get the credit score boost you are looking for, you should consult with us on the best types of tradelines to add to your report. Generally, the following factor directly effect your credit score boos.
Capital Business Finance that our credit card (tradelines) will appear on at least two of your three credit reports within 60 days from the expected monthly report date, or we will give you all your money back. 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 boost 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.