FAQ | Au4less - Lyfe Reengineered

AUTHORIZED USER TRADELINE

faq

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IS THIS ALL LEGAL?

Yes! Using AU tradelines to boost your credit is a perfectly legal process. Parents routinely add their children as authorized users to assist in credit building. And now, we’ve given you and your clients access to the process!

WHEN DO AU LINES POST AND FOR HOW LONG DO THEY STAY POSTED?

All AU tradelines are ready to post 1-2 weeks after the listed statement date and will stay posted for at least 30 days after the statement date.

HOW LONG DOES IT TAKE FOR TRADE LINES TO POST ON THE CREDIT REPORT?

Each trade line is an account that reports monthly. This means, the bank collects all the information associated with that trade line (the age, limit, balance, payment history, authorized users, etc.) and sends it to the credit bureaus. This, usually, happens every month. However, some banks report weekly (especially store cards).

HOW FAR IN ADVANCE SHOULD I ORDER MY TRADE LINES?

In order to have the trade line added to your credit report, you must have been added to the trade line prior to the bank collecting all of the information they will eventually send to the credit bureaus. It’s recommended to order your trade lines a couple weeks in advance (minimum) to insure your trade line will be included in the information the bank collects to send to the bureaus.

HOW DOES IT BOOST MY SCORE?

When you add an authorized user trade line to your credit report, you are adding positive payment history, length of time you have established credit, and showing responsible use of credit by having an account with a low debt ratio. These are the factors that contribute to the 30 to 60 points average increase that we see with qualified authorized users.

HOW LONG WILL THE LINE STAY ON MY REPORT?

It is important to note that authorized user trade lines are a temporary solution. While the average time a trade line will stay on your credit report is between 3 and 6 months, we recommend that you be ready to apply for your immediate credit goals right away. In the very unlikely case that the line falls off of your credit within the first 60 days, we will replace it at no charge, but it is in your best interest to be ready to use your credit right away when the trade line posts.

WHAT GUARANTEES DO YOU OFFER?

Because of the many factors that go into determining your full credit score, it is impossible to guarantee a specific credit score increase. Our guarantee promises that our credit lines have perfect payment history, and less than 30% of the available credit being utilized. We also guarantee that our lines will report to a minimum of 2 out of the 3 credit bureaus within the contracted time. While 95% of the time our lines report to all 3 bureaus, there are occasionally factors outside of our control that can keep a line from hitting the 3rd bureau. If for whatever reason your line only hits one bureau, we will replace it at no charge. As most lenders take into account your mid-score, it should not lessen your ability to qualify for credit if your credit line reports to at least 2 bureaus.

WHY DO I NEED TO PAY 100% UPFRONT?

We are contractually obligated by our cardholders to only secure lines that have been fully funded. If your line does not post, we will grant a refund up to 100% of the price paid.

DO YOUR LINES POST TO ALL 3 BUREAUS?

95% of our lines post to all 3 bureaus. However, lines that require a special address typically have challenges posting to Equifax. This includes lines from Ally, Amazon, Chase, Comenity, Discover, Fidelity, GE Capital, GM, Marvel, Merrick, Synchrony, US Bank, Wells Fargo, WFB, and Zions Bank. If Equifax posting is important to you we recommend that you do not order any of these lines.

WHAT IS A “SPECIAL ADDRESS” AND HOW DO I USE ONE TO POST AU LINES?

A “Special Address” is simply a mailing address that you must temporarily use in place of your own to get tradelines from certain banks to post. This involves lines from Chase, Discover, Wells Fargo, and a few smaller banks. There are two ways to post these lines. You can either initiate a “hard pull” on your credit, or a “soft pull” through a credit monitoring account such as CCT or FCR.

WHY ARE PRICES DIFFERENT FOR DIFFERENT TRADELINES?

Prices are different for different tradelines because of their Credit Limit and Age. This is because a line with a lower limit or younger age will not have as big of an impact as line with a higher limit and older age. We offer a variety of different lines to suit each client’s unique needs.

WHY WAS MY APPLICATION REJECTED?

The most common reason an application gets rejected is because required documents were not uploaded. For some lines such as Citi and Discover, we require applicants to upload legal documentation such as a copy of SSN card and driver’s license. Applications may also be rejected if the client’s SSN is found to be invalid.

WHAT CAN I DO TO ENSURE THAT MY APPLICATION IS ACCEPTED?

To ensure your application is successful:

Make sure you enter all of the client’s information accurately into the application

Make sure all required documents are submitted and uploaded properly

WHICH BANKS REQUIRE ADDITIONAL DOCUMENTS AND WHY?

We require documentation for Citi and Discover tradelines due to increased security at these banks. Documents must be attached to your order application, or your order will be cancelled. Here are the required docs:

Citi: SSN card

Discover: SSN card & Driver’s License