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                          Revolving / Installment Credit Accounts

Revolving credit accounts (aka trade lines) are credit accounts that have a specified limit with an open-ended term (ex. credit cards, home equity line of credit, etc.). Experts recommend that you have at least two installment credit accounts open at all times. Our revolving credit account is a fast and easy way to add available revolving credit to your credit reports.

Revolving credit accounts (aka trade lines) are credit accounts that have a specified limit with an open-ended term (ex. credit cards, home equity line of credit, etc.). Experts recommend that you have at least two installment credit accounts open at all times. Our revolving credit account is a fast and easy way to add available revolving credit to your credit reports.

Our revolving credit account provides you with the unique opportunity to leverage not only the history you develop, but allow you to demonstrate to lenders that you have successfully qualified for and serviced a large line of credit. This is important, because this is a basic requirement to obtain large lines of credit in the future. The benefits of our revolving credit account cannot be compared to other credit-building options, such as secured accounts and bad credit credit cards.

All of our revolving credit accounts report monthly to the major credit reporting agencies, allowing you to quickly enhance your credit profile. With the right credit picture, the addition of our high-limit revolving credit account will rapidly elevate your credit scores!

 

 

Frequently Asked Questions

Q: How many accounts can I purchase?
A: Four revolving and two installment accounts per individual.

Q: How does the revolving credit account work?
A: Once the initial setup fee and paperwork are received your account will be forwarded to our finance company. Within 10 business days you will receive a call to confirm your account details prior to reporting the account to the credit bureaus. From that point forward, you make monthly payments to our finance company which is responsible for the payment collection and credit reporting on your account(s).

Q: How does the installment credit account work?
A: Once the initial setup fee and paperwork are received your account will be forwarded to our finance company. Within 2 weeks you will receive an account statement via US Mail to confirm your account details. From that point forward, you make monthly payments to our finance company.

Q: How long does it take for the accounts to report to my credit reports?
A: Accounts take an average of 30-45 days to post to your credit reports, which is comparable to the time it takes for any new account to reflect on your credit file.

Q: What will it look like when the Revolving Credit Account reports to my credit reports?
A: See below:

$1,000 account - $1,000 limit - $0 balance  -   Paid as agreed

$2,500 account - $2,500 limit - $0 balance -    Paid as agreed

$5,000 account - $5,000 limit - $0 balance  -   Paid as agreed

$7,500 account - $7,500 limit - $0 balance -    Paid as agreed

$10,000 account - $10,000 limit - $0 balance - Paid as agreed

Q: Which company will be reporting my account(s)?

A: Your account(s) will be reported by one of the consumer finance companies we do business with. You will receive information on who has been assigned your account(s) within a week of sign up.

Q: How many points will my credit scores increase once the account(s) are added?
A: This cannot be determined as there are so many factors that are considered when the credit bureaus calculate their credit score. The score increase will be comparable to if you added an unsecured credit account or a installment account from a major financial institution.

Q: Why are our accounts so beneficial?
A: Having a sufficient number of open trade lines (4+ accounts) is required to have high credit scores and qualify for most large loans. Our accounts allow you to add available credit and develop a positive payment history with the major credit bureaus.

Q: Do I need good credit to be approved?
A: No. We do not check your credit as part of our approval process. As long as you are over 18 years of age and a US citizen with a valid Social Security Number (SSN) you are approved (we do validate all Social Security Numbers and if your SSN cannot be validated you are required to provide us with a copy of their Social Security Card prior to reporting your account to the credit bureaus).

Q: How do I use the revolving credit line?
A: Once your revolving line of credit is active (approx. 5-7 business days from receipt of paperwork + setup fee) you will be emailed an order form to use for future purchases.

Q: What is our cancellation policy?
A: Your contract must be canceled within 3 calendar days of submission to receive a refund.

Q: I have some questions about your programs. How do I learn more?
A: You can either request more information via email using the form below or contact us @ 888.340-8128

Q: How long do I have to pay on the account?
A:As long as you wish to keep it actively reporting. Once you close the
account it will report as "closed" and reflect a zero balance.

A positive payment history and low revolving debt are required to obtain high credit scores. Our programs provide you with the tradeline accounts required to fulfill these requirements for an affordable price.

All of our accounts are reported to the major credit bureaus on a monthly basis. Making on-time payments on your account will help you reestablish your credit rating.

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     Second Chance Credit Service

            1-336-491-3447

    Don't you deserve a second Chance?