Yahoo! Finance: Why the Rich Get Richer by Robert Kiyosaki

Wednesday, December 20, 2006

Seasoned Trade Lines

Today I am reviewing http://www.seasonedtrades.com, a site referred to me by one of our sponsors. Seasoned Trade Lines claims to be able to raise your credit score by 200 points by adding established, "seasoned", aged accounts to your credit file. The website is difficult to follow, as they jump from talking about free credit repair services to charging upwards of $3000. In my experience, anyone with "aged" good standing credit lines wouldn't just "lend" their credit history with a stranger. However that is what http://www.seasonedtrades.com leads you to believe.

As I was taught long ago, if it sounds too good to be true, it probably is. IF you could raise your credit score 200 points in the matter of 90 days, sure it could save you big bucks in interest if you refinanced, however I am not sure if the steps used by http://www.seasonedtrades.com are even completely legal. Proceed with caution would be my suggestion!!!

If you have used this service and found it to be succesful, please leave comments for the rest of us so we know it works!!!

No comments: