Primary tradelines: Legitimate information concerning primaries.

Primary Tradelines are addressed in today's video which is brought to you by Mike at

Mike talks about primary tradelines and why we should stop talking about primary tradelines.

We address what primary tradelines are, which are account you applied for and got approved for.

We address why people are searching for primary tradelines, which is because of the FICO '08 myth, where Authorized User tradelines were to be no longer included in the FICO scoring model. Although this never happened, the information buzz about "primary" tradelines still remains.

We also talk about whether or not it's even possible to buy primary tradelines. It is possible and it isn't possible. For the purpose of boosting credit scores, it is not possible. It is possible to "assume" a primary account, but you do not want to, because it could actually lowering your credit score (since you're "assuming" the debt).

We also discuss how secured credit cards are, in fact, primary tradelines and, in fact, you can technically "purchase" them. However, these types of primary tradelines usually do not help your score for many many months (if at all). The only benefit from secured credit cards (as a primary tradeline) is the purpose of "checking the box" on an application that requires an primary account, in your name (but doesn't necessarily help your score).

There's also some illegal stuff that we glossed over. There was a trend in "primary" tradelines where people would literally make up out of the thin air an account and report it to the credit bureaus. This is not only fraud but it has been procecuted by the DOJ. Google: "primary account jewelry doj prosecution"

We discuss whether it would even work if it were possible. The asnwer is the it probably wouldn't because the debt you'd inherit would likely outweigh the history you'd inherit.

We're happy to talk with anyone that has information that contradicts the information in the video. Ultimately, we want to help people and we think we're doing that by explaining what we've seen over the last 8 years in business. And, that is, we've never see primary tradelines work (otherwise, we'd probably be selling them as well as authorized user tradelines).

We're hopeful this was helpful.

Learn more about increasing your credit scores at

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