credit scores...

Although I find this to be an unethical and Immoral practice some people will sell you an aged trade line to boost your credit scores.

 

What is what? A trade line is credit as in a bank loan,credit card etc.
Or are you looking to buy credit?

 

One account tradeline will not produce a credit score . . . generally. One which is six months or older may or may not. Two which are that old always will.

There are means in which you can be added as a user upon accounts which vary in age and credit limit. So long as you have no derogatory items, they can produce scores in the mid to high 700's. In fact, two one-year old accounts with $10k credit limits typically produce scores of roughly 725 or thereabout.

You be the judge as to whether improving or establishing a credit score carries ethical implications or whether it is merely business. One has to be their own judge in this context. However, lenders will not consider the ethical implications of whether your perfect rent and utility history reports on your credit history. If it isn't there, which it isn't, that means higher rates to impose and more money in their pocket. In short, they will see no score and punish you for the absence thereof if they approve you at all.

I'll move on to your question though. Right now, it would take you a while to establish a 700 credit score by your own volition. If time is not of the essence, you can do so with low limit revolving accounts in about a year or a year and a half.

 

Forget about all this nonsense about "borrowing" someone else's credit line. It may be useful in a pinch, but I don't think that's very helpful advice for anybody. It may not even be doable before long based on grumblings from the FICO people.

This is probably a lot more useful:

My ex-wife is from overseas. When she arrived here she had zero credit history, a brand new SSN, a temporary work visa, and she got a $6/hr job. All of the bills were in my name, so that was no benefit to her.

I set her up with a bank account (checking and savings) and made sure she got her pay through direct deposit.

From time to time we'd go into a store and apply for a store card in her name, but that never worked (insufficient credit history).

After a while she got a job at a major retailer and they routinely issue one of their store cards to all employees to use for employee purchases. She didn't have to qualify for that one.

After a few months, she got something in the mail from Chase for a card. She applied and got approved with a $400 limit. We used it to pay for groceries and a dinner now and then, and she always paid it off right away. Before long, the limit was raised to $800, then $1200. Now it's around $3k

During this time, we bought a couple of new cars. Her credit apps kept coming back as useless; her credit still had no "traction". My credit was crap, so I got high interest.

She also got an AmEx card, at my insistence, but she hates using it. (And they don't report to CRAs anyway.) But it's great when you're travelling.

After a couple of years, we went back to the dealer to replace the car (it's a long story) and they ran her credit. This time she got approved! At 8% no less! Shortly after that she started getting all kinds of card apps for "Platinum" cards with 0% balance transfer deals for 9-12 months.

She was never willing to pull her credit, even tho the paperwork from the court (from the divorce pleading) said we both should. But I'd say her FICO is in the low to mid 700s.

That took about 3 years, from Zilch.

Since you've already got a card and some history, I'd say you're at least half-way into it.

Don't be in a hurry. Get another card and use it. (I used all of my wife's cards, pumping them like crazy. I'd run 'em up, then pay 'em down. That may have helped, as the credit limits kept doubling every 6 months.)

Join a credit union and apply for a small LOC -- like $1000 or so. Tell 'em it's for a computer. Pay on it regularly.

Don't go hog wild applying for stuff. Just something here and there every few months; that way you don't have to worry about getting too many inquiries. USE your credit lines -- doesn't have to be much, just don't miss any payments.

Chances are the credit card limits will be automatically increased, and you'll start getting more interesting offers in the mail.

HTH

 

Again, if time is of the essence, doing it on your own is not feasible. If you have time, you can. I think we're saying the same thing really.

However, the FICO talk has got to stop here and everywhere. First and foremost, the new model referenced herein is illegal. For the sake of brevity, I won't explain why but that information is on our page. Secondly, there is no evidence that the new model is in effect (at least by our data). Third, even if FICO 08 comes into play, who is going to switch over to it. Fourth and finally, what happens when the Vantage score is allowed to proceed?

Much more to it than what Fair Isaac said and what they wish to do . . .

 

At 19 years old you do not need to be in a hurry to build a credit score, sure 19 year olds need decent scores but you need to make sure you are financially responsible to handle any and all debt before you get yourself into credit problems.
First and foremost is the fact that when you get in a hurry to do this you will make a mistake.
Time and responsible financial ways are in your favor, take your time, build it from scratch and you will see your scores and your future take shape.
Make sound decisions and you will be ok.