Get Paid to Rent your Good Credit with Little Effort and No selling!

Do you have any credit cards lying around? Are you aware that you can make money renting your authorizer user spots on your credit cards?  Do you have a card with a limit of at least $5000, no late payments and a low balance? Do you have a card that is at least 2 years old?

If the answer to the above questions is yes, you can now easily make money with very little effort. You have worked extremely hard to build a positive credit history with major credit card issuers and now is the time for you to benefit from maintaining that positive credit history. It is easy to rent your credit for a decent amount of money each month. The good news is that you do not need to spend any money to profit from your positive credit history.

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How Does it Work?

Every credit card issuer allows you to add authorized users to your credit card. Now, these authorized users are not able to use the funds on your credit cards (see “How the process works”) but your credit history is reflected on their credit score. This is very common as parents usually add the children as authorized user to their credit card to allow them to buy textbooks and other stuff. In addition to this convenience, this also boosts the credit score of the children.

The ability to add authorized users to a credit card allows people with bad credit history to benefit by renting the credit of a person with positive credit history.  The credit of the person you are adding is not reflected in any way on your credit report.

Get Paid to Rent your Good Credit!

The number of authorized users on a credit card can vary a lot depending on the issuer. For instance, most of the major credit cards allow up to 9 authorized users each month. In other words, it means that you can add 8 to 9 authorized users to your credit card and those authorized users can benefit from your positive credit history.

Who Buys Your Authorized User Slots?

If you’re wondering, who is going to buy your authorized users slot on the credits card, here is your answer. Remember that there are a lot of people who suffer from bad credit due to their own bad financial decisions or due to some reasons beyond their control (layoffs, divorce, illness etc). The problem with bad credit history is that these people, is some cases can only get a loan at ridiculously high interest rates. Therefore, these people are looking to improve their credit scores to get a loan at a lower interest rate. There are many ways of boosting a credit score. A person can wait for a number of years and slowly build up the credit score. However, it is not necessary that all of their repayment history is being reported by the banks or the sellers to the credit bureaus. Therefore, it can take a long time for a person to rebuild that credit history. There is another way of quickly building up the credit score. Law and credit card issuers allow people to add authorized users to their credit cards. As mentioned above, all of the authorized users have the credit card history added on to their personal credit report. For instance, if you add your 18 year old son to your 20+ year old credit card with a limit of $50,000 and impeccable payment history, then all of the positive effects of your excellent credit will benefit your son’s credit score. So, people who are looking to build up their credit score look for other people who have  excellent credit  and are willing to rent their authorized users slots to the people in need. This is where we come in. We buy the authorized slots from you and sell it to the people who can benefit from the positive credit history of the credit card in their credit scores. Another important thing is that you do not need to be related to the person who you add as an authorized user on your credit card.

What Are You Selling?

In simple terms, you are not selling anything.  Nobody is able to use the money on your credit card to purchase anything. You are only renting the unused authorized users slots, also called tradelines, to people who are willing to pay for using that authorized slot. You do not even need to speak to the buyer to sell the authorized slot.

What is the Process?

A person who is looking to boost his or her credit score approaches our company and we allow them to purchase authorized user slots. Our Company looks for people like you who are willing to rent their excellent credit history for the monthly payment once you have agreed to rent your authorized user slot, we ask for the following information from you:  1) The issuing bank, 2) Date the card was opened, 3) limit of the card.  We do not ask for your credit card number!  We then advise you to add the buyer as an authorized user on your credit card. You simply call or go online to add them to your card, the credit card issuers then mail you the new card.  The authorized user never gets the card and does not even know your name thus there is no way they can have access to your account.  Once your positive credit history is reported on their credit score, it helps in boosting their credit score and once it is done, you can remove those people as authorized users from your credit card. The person who rented your authorized user slot pays us. We collect the payment and then send payment to you. You can keep repeating this process on a monthly basis. You can have as many cards as you want, listed for rent. There is absolutely no limit to the number of cards that you can choose to rent. Even if you have 50 credit cards, you are welcome to rent all of the authorized user slots on all of your 50 credit cards.

 

How Much Money Can I Make?

As far as the price for an authorized users slot is concerned, it is highly related to the age of the credit card, limit of the credit card and credit history. In most of the cases, a credit card needs to be more than a two years old and have a credit limit of at least $5000. Obviously, these limits will vary from company to company. The older your card and the higher the limit, the more money you are likely to get for an authorized user slots. It is important to keep in mind that you need to have an excellent payment history to be able to rent an authorized user slot on your credit card. If your credit card has any derogatory remarks, it is unlikely to be a rented or you will get a really low amount for renting that credit card.  It is important that you maintain a small balance on the card, less than 10% of the credit card limit.  Another important thing to keep in mind is that all of the credit cards do not work for this business. For instance, all of the credit card issuers do not report the transaction history to all of the credit bureaus on a consistent basis. American Express is notorious for this. Also, there are some credit card issuers who do not report the transactions to all of the three credit bureaus. Business credit cards generally do not work.

Number of Authorized User Slots You Can Sell

As mentioned above, most of the credit card issuers allow one to add up to 9 authorized users each month. Most of the companies who are in this business normally sell only half of these slots to ensure that your credit card is not shut down. Therefore, it is considered good practice to only rent half of the available authorized user slots each month. However, there is no limit on the number of credit cards you can list as available for rent.

Benefits of Renting Your Credit Score

The most obvious benefit of renting your credit score is that you get to make money without spending a dime or doing anything other than to list the authorized slots on your credit card as available for rent. Another advantage of renting your credit score is that you get to make money without any added risk. As explained above, the person who is renting your credit score does not have access to any of the personally identifiable information. That person cannot, in any case, use money on your credit card. It is completely legal and there is no law that prohibits rental or sale of authorized users slots on your credit cards. Therefore, you can rest assured that you’re not breaking any law by renting the authorized user slots. The authorized users on the credit card do not need to be related to you. This means that you are free to rent out the slots to anyone.

 

Does This Sound Risky?

There is a common myth associated with this industry that people who are added as authorized users may be able to steal your identity or use the money in your credit card. Nothing is further from the truth. It is important to recognize that authorized users can do absolutely nothing on your credit card. Also, they have no means to know your whole credit card number, your SSN, your name or the security questions that are needed to get a duplicate credit card. The only information that authorized users can get their hands on is the partial credit card number as it is reported on the credit report. In almost all of the credit reports, the last four digits of the credit card number are usually blanked out. In addition to authorized users having no access to a person’s identifiable information Also, all of the buyer’s information is on file with our company which means that they will not attempt anything they are not supposed to. There is a chance over time that the credit card issuer will either not allow any more users to be added or close your account.  This can happen due to card inactivity as well; the bottom line is to only use card you can live without.

Is It Worth It?

Many people who become aware of this way to rent their credit score usually question, whether it is worth it to rent their credit score. As mentioned above, it is totally worth it as you get to make significant amount of money each month with the only risk of having your account closed. There are many people who make more than $1000 a month by renting out their credit scores. It also makes sense if you are already paying interest on your credit card debts. You can make use of your positive credit history and make some money with only a modest amount of work each month.  If you have cards you don’t use or need and someone said “I will pay you $2000 to close your account” what would be your answer?  It is a “No Brainer” and this is the worst case scenario!

Conclusion

If you have any doubts about the whole process or any other aspect of this whole business, feel free to get in touch with us with your questions. Our customer service team will be happy to answer all of your questions. It is important to keep in mind that credit card companies and law allows the credit card holders to add authorized users to their credit card. Therefore, you are not taking part in any shady activity that is not allowed by law. In simple terms, it is a completely legal way to make money. You may also think of it as reaping the rewards of maintaining a positive credit history over the years. This is a win-win trade for everyone. You benefit by making money and the person who is renting the authorized user slot gets to improve his or her credit score quickly

(You will be paid for services once your tradelines are reported to our customer’s credit report usually 10 days after the statement date)

 

 

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