There’s a term in the credit world called “tradelines.”

Tradelines are an account listed on your credit report. For example, a credit card, car note, student loans, or a mortgage are all consider tradelines.

Benefit Of Credit Piggybacking

Broad regulations and legal loopholes allow for you to benefit from being an authorized user on another person’s tradeline (also known as “credit piggybacking”).

The issuing bank reports the positive credit history including the age of the account, the limit of the tradeline and the positive payment history to the select credit bureaus of their determination.

In other words, once you are added as an authorized user to an account, the history of that account appears on your credit report and will be treated as if it was your credit history.

FICO® Credit Score Factors

The payment history, age, and limit have a direct impact on the FICO credit score model which impacts your utilization ratio, average credit age, and payment history.

Boost Your Credit Score With Tradelines

Ideally, you should have at least 3 open positive tradelines on your credit report. Meaning the account should be OPEN, the payment history is perfect, and the utilization is under 25%.

We do this by adding you as an authorized user to a seasoned tradeline, allowing you to “piggyback” off of the account in good standing.