TradeLine Solutions Launches Seasoned Primary Accounts Program

Posted by Orb Staff on December 10, 2007 No Comments
Categories : Residential Mortgage

San Diego-based TradeLine Solutions has introduced seasoned primary accounts for individuals, which allow a borrower with a low credit score to purchase someone else's perfect credit in order to secure a mortgage.

According to TradeLine Solutions, a seasoned primary account can increase a credit score into the 700s in as quickly as three days. Customers are added as joint users on perfect credit accounts prior to closing, the loan balance is paid off, and the original account holder is removed. The fully paid-off account with perfect history remains open under the new user – who assumes the credit on his record.

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