Our goal is to help you enhance and establish strong credit. We achieve this goal by adding a debt instrument that reports as a positive tradelines in good standing with an established history of making payments on time.
A debt instrument is a paper or electronic obligation that enables the issuing party to raise funds by promising to repay a lender in accordance with terms of a contract. Types of debt instruments include notes, bonds, debentures, certificates, mortgages, leases, or other agreements between a lender and a borrower.
These instruments can be legally assumed, assigned or purchased, and the history is then reported on the consumer credit in excellent standing providing the consumer continue making timely payments. The accounts are reported by the Creditor through a process of novation.
If you would like to find out more about how tradelines work, please feel free to contact us anytime.