August 23, 2024

Summary

This video offers a solution for those with a credit age under five years. Becoming an authorized user on a credit card with over a decade of history can boost your credit profile. To do this, contact the cardholder and request to be added. This action can increase credit age, diversify credit mix, and potentially add a high credit limit card, beneficial for business credit funding. For assistance, reach out to Trad Line Advantage, a sister company specializing in enhancing credit profiles.

Takeaways

• 🔢 If your credit age is less than 5 years, this video offers a solution.
• 👥 Becoming an authorized user on a credit card with over 10 years of history can help.
• 📞 Contact the cardholder's number on the back of the card to get added as an authorized user.
• 🔑 Provide your personal information to the cardholder for the addition process.
• 📈 Adding an older credit card can increase the age of your credit profile.
• 💳 The addition of a card with a long history can improve your credit mix.
• 💲 It may also add a high credit limit card to your profile, which is beneficial.
• 🏢 This is advantageous for business credit funding and financial health.
• 🚀 If you face this issue, reach out to the company for assistance.
• 🤝 The sister company, Trad Line Advantage, can help you become an authorized user.
• 📝 They can add a card with over 10 years of age to your profile, enhancing fundability.

Q & A

What is the primary focus of the video script?

The video script focuses on a solution for individuals with a credit age of less than 5 years, suggesting becoming an authorized user on a credit card with a history of over 10 years.

How can one become an authorized user on a credit card?

To become an authorized user, one should call the number on the back of the cardholder's credit card, provide their information, and get added to the account.

What are the benefits of being added as an authorized user on a credit card with a long history?

The benefits include increasing the credit age, improving credit mix, and potentially adding a high credit limit card to one's profile, which is advantageous for business credit funding.

What is the minimum credit card history required for the cardholder in the script's solution?

The minimum credit card history required is 10 years.

What is the name of the sister company mentioned in the script that can assist with becoming an authorized user?

The sister company mentioned is called Trad Line Advantage.

How can someone reach out to Trad Line Advantage for assistance?

The script does not provide specific contact details, but it encourages viewers to reach out to Trad Line Advantage for help in becoming an authorized user.

What does the term 'fundability' refer to in the context of the script?

'Fundability' in this context refers to the creditworthiness or the ability of a credit profile to secure funding, which is enhanced by having a long credit history.

Why is a high credit limit card advantageous for business credit funding?

A high credit limit card is advantageous because it can improve the overall credit profile, making it easier to secure business loans or credit.

What is the main problem that the video script aims to address?

The main problem addressed is the challenge of having a short credit history, which can hinder business credit funding opportunities.

What is the recommended first step for someone with a credit age of less than 5 years according to the script?

The recommended first step is to get added as an authorized user on a personal credit card that has a history of over 10 years.

How does the script suggest one can improve their credit profile?

The script suggests improving the credit profile by increasing credit age, enhancing credit mix, and adding a high credit limit card through becoming an authorized user.