We’ve seen and heard a variety of emails and conversations regarding “Primary Accounts” replacing “Authorized User Accounts” most people are not informed on the fast past changing credit market, unfortunately this makes it easier for people to be mislead with inaccurate information. 123 Mortgage Solutions is here to set the record straight! Primary and Authorized User accounts both still work. FICO 08’ was suppose to eliminate Authorized User accounts but the three major credit bureaus are still not sure if they will use the FICO 08’ system; and Equifax turned the program down altogether. Below is a brief description of each account type.

    Authorized User = One who borrows an individual’s credit history to increase their FICO scores this is applying positive credit history and balances to ones credit report. The credit report will reflect the letter “A” to identify the account as an Authorized User Account.

    Primary = A person who owns the account along with the actual borrower which make one a co-borrower the Primary holds more leverage than a AU because one will then be the co-borrow on a account. The credit report will reflect the letter “J” to identify the account as a Primary Account.

    Nonetheless, we’re excited to offer both programs (Primary & Authorized User) to our clients. Below you will find two different charts one for Primary accounts and one for Authorized User accounts.

                   AUTHORIZED PRICE SHEET

As a requirement clients must sign up with www.truecredit.com credit alert monitoring system with all three credit bureaus (only $14.95) within 24 hours of enrolling in the FICO Boost Program, and provide a username and password for True Credit so that we can track the process of the FICO Boost. Packages are always sold on a first come served basis. The signed agreement and the deposit is the only way to secure your spot. All Tradelines sold are below 25% DTI!

                PRIMARY PRICE SHEET

# of Trades	Type of Primary	Credit Limit	Account History	Bureaus Report	Price
1	Revolving / Installment	$10,000.00 to $24,000.00	2 yrs	EXF, TU, EXP	$1,700.00
1	Revolving / Installment	$25,000.00 to $49,000.00	2 yrs	EXF, TU, EXP	$2,000.00
1	Revolving / Installment	$50,000.00 to $74,000.00	2 yrs	EXF, TU, EXP	$2,500.00
1	Revolving / Installment	$75,000.00 to $100,000.00	2 yrs	EXF, TU, EXP	$2,900.00
2	Revolving / Installment	$50,000.00 & $75,000.00	2 yrs	EXF, TU, EXP	$3,900.00
2	Revolving / Installment	$75,000.00 & $100,000.00	2 yrs	EXF, TU, EXP	$4,900.00
3	Revolving / Installment	$50K, $75K & $100K	2 yrs	EXF, TU, EXP	$5,900.00

 

For the Primary accounts there are two cut off and appear dates. If a consumer is added before the 6^th of the month the account will appear on their report by the 19^th of the following month. If a consumer is added by before the 20^th of the month the account will appear on the last day of the following month.

We also provide an Fico Score Platform Simulator Service which will give you an range of 15-30 point on what your middle Fico score will be after the Fico Score Program is completed.