Silver Bullet Consulting, LLC announced this week the addition of new tradelines to BoostCredit101.com, a business that provides its clients with the ability to improve credit scores by up to 150 points in just a few weeks.
"Often people will find themselves in a position where they need credit, but their credit has been compromised or they have not had a chance to build credit. Reasons may include divorce, job loss, being a recent college graduate, etcetera," Tripat Kaur, VP, BoostCredit101.com, "We can help."
How does it work? Boost Credit 101 provides tradelines - or rented credit card spots - to its customers. Once the customer's name is added to one or more tradelines, the customer inherits the benefit of that account and its positive credit history. In turn, the customer's credit receives a significant boost.
One happy customer shared, "Divorce is a nasty experience, not only emotionally, but also financially. My score dropped from 730 to a low of 600. I couldn't refinance my house. I contacted BoostCredit101.com and they were able to get me on track in less than two months."
The process can take 30 days or less and will last on the FICO (previously Fair Isaac Corp.) report for at least 30 days. This is the ideal window for customers to act on their financial goals such as a home refinance, car loan, new lease or credit card or other financial instrument.
Is FICO ok with this?
Thomas J. Quinn, vice president of Scoring Solutions at FICO says that, "After consulting with the Federal Reserve Board and the Federal Trade Commission earlier this year, Fair Isaac has decided to include consideration of authorized user tradelines present on the credit report."
To learn more, visit: http://www.BoostCredit101.com/