Buy Debt tradelines

 The concept behind Reassignment of Debt has been around since the beginning of contracts themselves, i.e. purchasing a vehicle and having a co-signer. 

 When the debtor individual doesn't pay as contractually agreed, the co-signer is also sought after for payment of the debt. What is not understood is the process behind the scenes. Parties may renegotiate and create a new contract removing the co-signer, (contract) thus eliminating any liabilities on their part, leaving the original party fully responsible. The parties are also able to negotiate new terms (contract) and reassign the vehicle to someone else to take over the payments. 

Surely we have heard of this happening? It is all about contract law. Contract law will always be right and exact! 

Reassignment is contract law and is no different.

 Indeed reassignment has become more difficult over the last year due to increased fraud and bad actors. In a world full of greed, many have chosen to "crash out" profiles. This is why we advice our clients to build out your credit profile. This simply means: make it make sense. 

 If a creditor looks at your profile and seeing only one high-end Auto and two small accounts and let's say one authorized user, what do you think they will say? Where has this person been all these years? Only purchasing one or 2 items all these years? How can they be credit risk worthy? Even the AU is not their own primary account. Now all of a sudden they want a 2024 Rolls Royce Ghost? However, on the other hand, when a creditor sees 15+ accounts on a profile, aged and paid off, this is what gets approvals! This is what a strong profile looks like in real world practice. Again, make it make since.

 Remember, the score is not as important as your credit profile itself!