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Authorized User Tradeline - ELAN FINANCIAL Visa - $16,000 CREDIT LIMIT! Opened Feb. 8th, 2022. The reporting date of this Tradeline to the credit bureaus is around the 19th of the month. (Elan Financial is a division of U.S. Bank, they are a credit card issuer and servicer for many smaller banks and credit unions) This card has a perfect payment history, never late. Less than 1% of the card's utilization/limit is used per month. The usage is to ensure that the card reports each and every month to the bureaus. You will be added as an Authorized User for 60 days AND the tradeline will stay on your personal credit file/report for way longer than that! We will need personal info from you so the Elan Financial credit card tradeline reports properly to the credit bureaus onto your personal credit file/report, this is a big help if you have little or no credit history. PLEASE let me know if you have any questions or concerns, I'll be happy to answer them. 10 reasons why people may want to be added as an authorized user (AU) on someone else?s credit card?often called tradelines: Fast credit score boost Piggybacking on an old, well-managed card can raise a score in weeks, not years. Instant access to long credit history The card?s age counts toward your credit age, which is a big scoring factor. Lower credit utilization High limits + low balances = your utilization drops, helping scores immediately. No legal responsibility for the debt Authorized users aren?t liable for payments (the primary cardholder is). Easier loan approvals A stronger profile helps with mortgages, auto loans, apartments, and even jobs. Cheaper interest rates Better scores mean lower APRs on loans and credit cards?real money saved. No credit inquiry required Most issuers add AUs without a hard pull, so your score isn?t dinged. Build or repair credit without a secured card Avoid tying up cash in deposits or starting with tiny limits. Helps thin or new credit files Especially useful for young adults, immigrants, or people restarting credit. Time advantage over traditional credit building Building credit the normal way can take years?AU tradelines compress that timeline.