although many types of credit accounts(also called main trade lines) can be used by consumers, they are rare for people with bad credit. Those who pursue credit enhancement have only a few options, one of which is the credit account that will not be queried. This type of credit account can help improve the credit rating without credit inquiry or deposit.
Our main trading bank looks the same as the existing credit account. Although they do not add queries to your credit report. It is also an ideal choice for people who are divorced, ill or have insufficient credit records and are not qualified to accept credit lines. These credit accounts show that you have the ability to make monthly payments to the bank and are creating a positive payment record. As time goes by, as long as the borrower is diligent and pays the transaction limit account on time, the borrower can provide unsecured credit card, namely standard credit card, without deposit.
Like other credit accounts, our main trade limit accounts have several disadvantages. If you use this account irresponsibly, these shortcomings may cause serious damage to you. Whenever you do not pay on time, you will be accused by the credit bureau of delaying payment. If you pay the bill on time, you don’t have to worry about the late payment of your L/C.
Our main trade line account is a good starting point for those who pay slowly, offset, go bankrupt or need to start building credit. These accounts can help you improve your credit score as long as you pay in time. Once your trade limit account maintains good credit for a period of time, you will be satisfied that you are taking the necessary steps to improve your credit status.
