Whiteboard video explaining How tradelines Work
- or -
Post a project like this2556
$$$
- Posted:
- Proposals: 6
- Remote
- #1510020
- Awarded
Graphic Design, Website Development, Whiteboard, Animations, Startup Video Company
Karachi
Software Engineer | Full Stack Developer | Cloud Architect | Motion Graphics Animator
London
Experienced in Explainer Videos | Storywriter | Web UI UX and Mobile app developer | Tech Team Lead
Karachi
143901422138047109849135613572291480017
Description
Experience Level: Expert
Hey! I need a video explaining how this process below works.
“Piggybacking” Tradelines is a practice involving seasoned trade lines, sometimes called piggybacking, which uses a creditworthy borrower’s accounts to improve the credit rating of an unrelated third party.
The creditworthy borrower adds the third party as an authorized user of his lines of credit, but does not actually provide the third party with materials (credit cards, account numbers, etc.) that would permit the third party to make charges against that account.
The benefit to the third party is an improvement in their personal credit rating—their credit score increases. However, this does not change their entire credit record, but merely increases their credit score as a result of the newly added tradeline. This may make the third party look like a better credit risk, and may improve the third party’s access to new credit. However, a credit score is only one aspect of the lending process; that is, the borrower must pass all underwriting procedures, which include much more than the credit scores of the borrower.
Friendly Reminder
After you Purchase our Tradeline:
please DO NOT run your credit or apply for anything.
please DO NOT go over your spending limit with your previous cards
Please keep your balances way under your credit limit or at least 30% of your credit limit
Example
Your credit limit is $1,000 keep a balance of $300 or less. Trade Lines work the Best when all balances are paid off.
Your Trade Lines will take 60 to 90 days to appear on your credit report.
Trade Lines Work Phenomenal with people that don’t have established credit
“Piggybacking” Tradelines is a practice involving seasoned trade lines, sometimes called piggybacking, which uses a creditworthy borrower’s accounts to improve the credit rating of an unrelated third party.
The creditworthy borrower adds the third party as an authorized user of his lines of credit, but does not actually provide the third party with materials (credit cards, account numbers, etc.) that would permit the third party to make charges against that account.
The benefit to the third party is an improvement in their personal credit rating—their credit score increases. However, this does not change their entire credit record, but merely increases their credit score as a result of the newly added tradeline. This may make the third party look like a better credit risk, and may improve the third party’s access to new credit. However, a credit score is only one aspect of the lending process; that is, the borrower must pass all underwriting procedures, which include much more than the credit scores of the borrower.
Friendly Reminder
After you Purchase our Tradeline:
please DO NOT run your credit or apply for anything.
please DO NOT go over your spending limit with your previous cards
Please keep your balances way under your credit limit or at least 30% of your credit limit
Example
Your credit limit is $1,000 keep a balance of $300 or less. Trade Lines work the Best when all balances are paid off.
Your Trade Lines will take 60 to 90 days to appear on your credit report.
Trade Lines Work Phenomenal with people that don’t have established credit
Leonard P.
100% (4)Projects Completed
1
Freelancers worked with
1
Projects awarded
7%
Last project
25 Aug 2017
United States
New Proposal
Login to your account and send a proposal now to get this project.
Log inClarification Board Ask a Question
-
There are no clarification messages.
We collect cookies to enable the proper functioning and security of our website, and to enhance your experience. By clicking on 'Accept All Cookies', you consent to the use of these cookies. You can change your 'Cookies Settings' at any time. For more information, please read ourCookie Policy
Cookie Settings
Accept All Cookies