Seasoned trade line
From Wikipedia, the free encyclopedia
A seasoned trade line is a method of allowing someone with bad credit to become authorized users on a credit card account of someone with good credit, for a fee.
The benefit to the person with bad credit that they now have an account with excellent credit history listed on their credit report, thus raising their credit score.
[edit] References
- Savage, Terry (2007-03-11). The Savage Truth: Seasoned Credit Lines. TheStreet.com. Retrieved on March 23, 2007. “This has to be the first great scam of the new millennium.”
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