Authorized user trade lines are a type of credit used by Credit Profile Number bureaus to help determine an individual's credit score. When an individual receives credit cards on their account, this is a sign that they are financially responsible and that they are good at managing their credit. Here are a couple of things you should know about trade lines and how we can help.
The last week has been quite a busy week for us. We have released two types of authorized user tradelines for Virtual Account. They are the Experience Tradelines and the Supplier Tradelines. The Experiance Tradeline is good for any business that has a history of being in business for over a year and has a solid financial history. The Supplier Tradeline is useful for businesses that need capital for purchasing inventory for resale. Visit our website for more information about them.
When they take loans, banks will assess a borrower’s CPN Tradelines on the basis of various parameters mentioned by RBI. One of the parameters is the Credit Score to judge the creditworthiness. Let us see what is Crediting Profile Number (CPN) and why is it important to the lending organization.