Trade Lines – Still a Viable Option?

One of the very common questions that we come across in this day and age is that whether trade lines are still a viable option. There are a lot of aspects to these questions that needs to be answered in order to reach a proper conclusion. 

There is a lot of confusion in relation to the legality of trade lines as well. The practice of trade lines has been here for many decades. It is considered legal in most of the countries in this world. Trade line is the term used for account on which you are an authorized user. 

If you add someone as an authorized user, the full history of the account is shown in the credit reports. The people who are added to the account are authorized to use the account but will not incur any liabilities. This is why a lot of account users obtain personal tradelines in order to establish a good credit history. In fact, there are many researches all across the globe that suggests that over 30% of the people have at least one authorized user account. 

Is it a viable option?

The main question that a lot of people are concerned about in this day and age is whether these trade lines are still a viable option or not. Credit scoring is a highly complex process. Each lender will have their own guidelines. There are many different scoring models as well that are followed by different lenders. Many lenders have their own personalized credit-scoring guidelines which are specific for their businesses. 

The trends are changing now. We are seeing that lenders are finding difficulty in adapting the changes in different scoring models. For this reason, we see that there has been a reluctance within the lenders to bring change to the scoring models. 

A law was passed in 1974 by Congress which was named Equal Credit Opportunity Act implementing the Regulation B of the Federal Reserve’s. This law has further encouraged the usage of trade lines. This directly increases the viability of this thing. 

It is undeniably true that becoming an authorized user on a credit card makes the credit history more positive. This is one of the major reasons why it is considered that trade lines will continue to work in 2019. 

There was a whole debate going on a few years back about its viability. The things have changed now a lot. It is determined that piggybacking credit will stay here and it is not at all illegal. The laws and regulations have not yet changed which means that this practice will stay here for a good amount of time. 


Until the law doesn’t change, this practice of trade lines will stay here for a long amount of time. It will help consumers to increase their credit scores in a drastic manner. Consumer benefit is the main thing that every person looks forward to making this a more viable option.

David Jackson

David is a personal finance expert, a professional male model, and an entertainment writer.