When is It a Bad Idea to Add Seasoned Trade Lines? 

 

Tradelines are a miracle. They do things that nothing else can. If tradelines were winches, they could raise the Titanic. That might sound like hyperbole, but where else can you find a literal answer to “how can I raise my credit score 100 points?” We’ve seen tradelines raise a score 50 points. We’ve seen 100, 150. If you want to get technical, we’ve seen tradelines raise a score 750 points, though the reports started as blank–but still, NA (or 0) to 750, is a 750 point raise. 

That said, if you add credit lines, the results are not entirely predictable. In that way tradelines are a bit like investing. Remember that famous catch phrase? 

Past performance is not indicative of future results.

Just because you buy an old tradeline, the same one as the customer who got 150 point raise, doesn’t mean you’ll get the same results. And, to be completely honest, there are times when you should not buy a tradeline. So when would that be?

Can I Improve My Credit Score?

 

The good news is that yes, you can always improve your credit score, but whether that happens quickly or not will depend on what’s on your reports. If you want to add a tradeline to boost your scores, you’ll first want to ask yourself if you have any of these things:

Late Payments: The fastest way to torpedo your credit is by missing a payment on an outstanding loan (credit card, mortgage, student, auto, etc). If you are currently late on something, or if you have very recent missed payments, tradelines will have minimal (if any) effect. 

At Boost Credit 101, it is our policy that we don’t add tradelines to reports that have missed payments in the last 6 months. There are exceptions to this, but those are special cases.

High utilization on credit cards: If you’re looking into seasoned credit lines for sale, and you have large balances on your cards, then tradelines will not do much. Even having one maxed out credit card can drop you 100 points or more. Always try to keep cards below the 30% mark, and below 10% is even better. 

Of course, if you’re paying the balance off then it doesn’t really matter. Even if you have excessive utilization of open trades in last 12 months, it makes no difference as long as you didn’t miss any payments. Past utilization has no bearing on current scores as long as the utilization is under control now.

These are the two things that will straight up negate most, if not all, benefits of purchasing tradelines

Without These Issues, How Soon Does Your Credit Score Improve with Tradelines?

–Advice on Credit Repair

In a very general sense, if you add tradelines, the score should improve in two weeks. At Boost Credit 101 our contract states that we have 60 days to place a tradeline–though it never takes that long. But are there other things that should give you pause before purchasing? Yes.

Do you have excessive negative marks? These marks can be: chargeoffs, collections, public records, Bankruptcies. If you have many of these, even adding premium trade lines with large limits and long histories won’t do much. 

But, good news, a good credit repair specialist can remove these, and you won’t even have to look into how to change your credit score illegally

If you’re wondering what that even looks like–there are people out there with illegal software who can remove negative marks. Our advice would be to not engage their services.

A good credit repair person/company shouldn’t take longer than 45-60 days.

A good indicator of a company you don’t want to deal with is them charging a monthly fee. These companies have a business model that puts a premium on taking longer, so they can charge you more fees.

Conclusion: If you have very recent late payments or highly utilized cards, here is our advice–let some time go by so you can get some good payment history. And if overutilization is the issue, it is better to pay down the cards than pay money to add a tradeline. Overall utilization is one thing tradelines help with, but having even one card maxed out will deep-six your credit. 

 

How Does Credit Piggybacking Work With Mortgages?

 

Ah, purchasing a mortgage, that bastion of financial success, the flashing sign that you’ve made it, the smartest way to spend money, and the best way to build wealth. 

Is this still true? 

In times past Real Estate was the smartest way to use your money, because, like the stock market, housing values (while experiencing minor dips occasionally, usually went up over time), but then 2008 happened. Prior to that year, hedge funds and other financial institutions [cough big banks] created mortgage-backed securities, and insurance companies covered them with credit default swaps. High demand for this rock-solid can’t-fail securities led to an asset bubble, then the bubble popped. Markets recovered, banks got bailed out, but people still lost trillions of wealth. 

So are mortgages still a good thing to buy?

Of course! People need places to live. That’s never going to change. But…your credit, you need help, so can adding tradelines get you approved for a mortgage? Let’s get into the nitty-gritty first.

What Credit Score Do Mortgage Companies Use?

 

FICO. That’s it. So if you have a login to Equifax or Credit Karma, you’re getting a general idea of what your scores are, but an Experian login (usually), is more accurate since FICO is the Experian scoring model. But you won’t know for sure what your scores are until a lender pulls your reports. This is an inquiry, so it’s best to go in confident that you can get an approval as inquiries/hard pulls do affect your credit. Do you need anything special on your report to get approved for a mortgage? As in, should you purchase a mortgage tradeline to show on your report to ensure an approval?

Do Buying Mortgage Tradelines Help Get a Mortgage?

 

We get this question sometimes, though usually with auto loans. Some lenders think credit reports are like resumes (in some ways they actually are), in that you need to have a job experience to get a particular job in that sector, and you may find companies that offer mortgage tradelines for sale. These are primary tradelines, and they aren’t legal. You do not need to have a mortgage tradeline, or a legitimate mortgage, to purchase a first (or another) mortgage. So, now that’s cleared up. But…you’re here, so we’re going to assume you’re trying to find out what it takes to get a mortgage with sub-stellar credit. So, does that mean you should google mortgage companies that accept low credit scores

Not really, unless you are in some kind of rush, which most people are, but trust us, this is one time, maybe the most important time in your life, where being in a rush isn’t the best idea. So before you start looking for the best mortgage companies for low credit scores, we recommend clicking on this calculator and playing around with some numbers. 

Let’s take a 200k mortgage at 5.75%, which is approximately what you would get with a score of 580-640, monthly payment: $1,135.58

Let’s switch that to 3.75% (the best rate available right now), monthly payment: $926.23.

These are rough numbers, and rates change all the time, but even in this basic example, having an excellent credit score (760+) would mean $209/month difference.

Well, that’s not that much, right? Wrong, that’s $75,240 you’ll pay extra over the course of that loan. So if you’re googling “mortgage with 550 credit score,” stop, as the minimum across the board is 580, and you don’t want to flush 75 grand down the toilet do you? But, you are ready to look into buying a mortgage, but your credit sucks. 

How to Raise Credit Score in 30 Days

 

If you’ve got 30 days (or hopefully 45-60 days or longer), we can likely get you into a position where you can get approvals. But just getting approvals shouldn’t be your goal. Your goal should be to get the best possible rate so you can save money through the course of that mortgage loan. 

In 30 days, you most certainly can get your scores up by adding tradelines, but removing the negatives also needs to happen if you want the best rates, and that may take slightly longer. And, lastly, for the question we sometimes get. Does having a mortgage help your credit score? A mortgage, ultimately, is just another tradeline. It has no more weight than any other installment loan (student, auto, etc), but, as some smart financial writers have said, most things you buy are liabilities, meaning they lose money over time (like cars), but a home or condo purchase is an asset, as it accrues value, and buying a mortgage is still the smartest thing to do with your money. 

If you are looking to buy tradelines then stop your search here. We offer Seasoned Tradelines at lower pricing than any of our competition.

 

Requiem: Is Credit Piggybacking a Scam?

 

Recently, a credit repair and tradeline company was shut down by the FTC. According to the FTC’s complaint, the owners scammed people out of $6.2 million dollars over the course of their operations since 2014. If you want the details, the press release is here. This company had several websites where they claimed to be able to boost credit by removing negatives and inquiries, then adding tradelines afterwards to shoot the score up even more. 

So what happened? Does this mean that all companies, even the “best tradeline companies” are out to take your money and give nothing in return? No. This company, who used several different websites and shady practices, was out to make a profit by selling false promises while utilizing illegal business practices. 

Let’s break down what happened.

 

First: Selling Tradelines is Not Illegal

There is nothing illegal about paying someone or a company to be added as an authorized user on someone else’s credit card. In essence you are renting data that helps give you a credit boost. While you are an AU, you have a window to attempt to achieve your financial goals, which likely involve some type of lending, be it mortgage, auto, business, personal loans, or credit cards. 

 

Second: Credit Card Piggybacking is Not An Exact Science

One of the things this now-defunct company did was promise certain scores within a certain amount of time. They took advantage of people’s needs by playing into a fantasy.

Everyone is looking for certainty. If we spend money we want to be sure we get the results we want, but adding tradelines is not a guaranteed better score.

 Anyone who uses the words “promise” and “guarantee” when it comes to your credit score is trying to scam you, because they, us, and anyone who isn’t, the Fair Isaac Corporation cannot know how your scores will be affected. Do we have an idea? Yes, we wouldn’t have tradelines for sale if there was no benefit. This niche industry wouldn’t exist if it didn’t work, but you must be careful to understand what is guaranteed. The line posting on 2 of the 3 bureaus, the line having low utilization (below 10%), the line having perfect payment history–these are legitimate guarantees because we can control these things. Even the best tradelines are worthless if any of the three categories are violated on the tradeline.

 

Third: Tradelines for Credit Repair Have Some Strict Laws

When engaging with someone professional in any type of credit repair: removing negatives, or adding seasoned credit tradelines, the law states that the company or person cannot take possession of the funds paid until the job is complete. This means that it is illegal for someone to say they will clean your credit, take money, and spend it. The funds must be held in an escrow account until the job is completed. 

 

Fourth: Buying Tradelines Does Require Some Common Sense

One of the things this company did was threaten legal action against anyone who publicly complained about their lack or results, due to “anti-disparagement and anti-chargeback contract clauses” they put in their contracts. So, this company had seasoned tradelines for sale, and they said if you didn’t get the results you wanted, and you complained, they would sue you. That should make just about anyone wary of signing on the dotted line. If you’re getting trade line credit added to your report, you should have a good idea of what happens, you should not be surprised and upset after they post. This goes back to being careful about what you are paying for. Plenty of people in business will promise you the moon and disappear. 

 

Conclusion

If you click on the press release link and see the companies involved in the FTC lawsuit, you can google their names and see their reviews. 

There are plenty of bad ones. 

As we said earlier, buying tradelines to boost credit score profiles is not a highly precise endeavor, but when reading the reviews of this company and their services online, you can see they were scamming people. 

This is why online reviews are so important. If you are buying tradelines, how are the reviews? 

The bottom line with this company is: they weren’t out to help people, and it was because so many customers complained (rightfully) that this company is no longer in business. 

What are the Best Lenders for Credit Card Piggybacking?

 

Part 1

The most constant thing in the world is change. Sometimes drastic–think major life events, natural disasters, etc…and sometimes subtle and slow–think erosion, paint drying, etc. Credit is one of those things that change gradually over time, hopefully a slow steady rise to elite territory (760+) and staying there…but credit can also drop drastically if you miss a payment on your credit card, mortgage, etc. 

You can get your credit to jump quickly, with tradelines, which are credit cards that report authorized users. Perhaps you’ve heard of them. “Piggybacking” is the official term, as you are using someone else’s account to benefit your FICO scores. They add you as an authorized user, their payment history and limit (and utilization) get reported on your bureaus. But if you’re going to become an authorized user on someone else’s card, how do you know what lender to pick, does it matter, should you care? 

Let’s put it this way, tradelines can be expensive, over a thousand dollars in some cases, and sometimes far over that, so if you pay for an authorized user spot on someone else’s card, and you’re going to spend hundreds if not thousands of dollars, you would probably want to know what you’re paying for, right?

That little aside…aside, if a seasoned credit line posts to 2/3 bureaus we consider that a success, and the lender doesn’t really matter that much, as long as it posts, but there are subtleties to different lenders, and we can break a few of those down and give them our very best qualified “NAY” or “YAY”! 

 

Does Discover Report Authorized Users?

In a testament to how things change, when Boost Credit 101 started, Discover was considered a third-tier tradeline. They mostly didn’t post to three bureaus, and sometimes not even two. Now Discover is one of the best, though they do require images of the AU’s driver’s license and SS card (a W2 works in place of the SS card image). They post to 3 bureaus the most consistently. They are an upper-level bank, with slick advertising, that requires excellent credit to be approved for.

Discover: YAY! 

 

 Does Capital One Report Authorized Users to Credit Bureaus?

Ah Capital One, those savvy marketers with Samuel L. Jackson played by Nick Fury asking “What’s in your wallet?” all the time. Capital One is the one major lender that has cards for approval across the widest ranges in credit score. Their Quicksilver requires “good” credit, and perhaps even the upper levels of “fair” (669 and down). They post consistently to all three bureaus. 

Capital One: YAY! 

 

Does American Express Report Authorized Users to Credit Bureaus?

American Express, the cadillac of credit cards. They have the most advanced

systems, the best customer service, and the unicorn of all tradelines: the Black card. You can’t even apply. You must be invited. 

A year ago AmEx paired up with GQ for a sort of mini-documentary (more commercial) showing two well-dressed men eating and drinking in the most luxe Sydney establishments before flying to Los Angeles–one of the fellas even had an espresso martini. So you’d think that AmEx would be great for getting AU history, but they aren’t. They post fine to all three bureaus, but they don’t report their history.

One of the most valuable things about tradelines is that a 20 year old card goes on your report and affects your credit like it has been there since it opened, thus giving you 20 years added to your average history. 

Since AmEx doesn’t report history, they are all but worthless as tradelines unless you just turned 18. 

American Express: NAY (but you should get an approval for one when your score is good to excellent)

 

Does Merrick Bank Report Authorized Users?

Who knows? We’ve never heard of them, never seen them offered as tradelines. 

Merrick: NAY

 

Does Citibank Report Authorized Users?

Citibank is a conundrum. They do report AU history, but their systems are in dire need of upgrade, because either their software isn’t up to snuff or the human component of their customer service makes mistakes. They are the lines that require a bit of extra work to get posted, if they post. By this we mean a soft pull, where you put the address of the tradeline into an experian-powered login as your own and order the 3 reports. A great bank to do business with it seems. They have the largest variety of credit cards available. 

 

Citibank: Toss Up

Tariffs! How Can Buying Credit Tradelines Help With the Coming Recession?

 

Fifteen years ago on December 26th, a giant tsunami flattened the islands of Nicobar and Andaman in the Bay of Bengal. The causal earthquake was the 3rd biggest ever recorded. It was the deadliest tsunami in history, killing 230,000 people across 14 countries. But a week or so after the tsunami, members of the ancient Jarawa tribe on Nicobar made contact with the local government, informing that all 250 members of their tribe had survived. They would not say how they survived, but anthropologists postulated the tribe’s knowledge of movement regarding the wind, sea, and birds. What does this have to do with buying an au tradeline, or any tradeline, or tradelines at all?

When an economic downturn happens, that is when you want to have all emergency avenues in place. We are not equating the horrifying destructiveness of 2004’s tsunami with a recession, but depending on how bad it is, you could find yourself in dire straits if you don’t have access to credit. But let’s back up a second. What even is a tradeline?

What is a Trade Line?

 

If you are not savvy about your credit, you will want to get a login to creditkarma.com. This site is free, provides Trans Union and Equifax, and updates every 7 days. Everyone should have a login.
But, if you look at your reports, in any capacity, anything that reports to the credit bureaus is a “tradeline.” This includes student loans, credit cards, mortgages, auto loans, etc. When we talk about trade lines for purchase, we mean authorized user tradelines. Most credit cards offer AU spots. The banks love AUs, it means more possibility of racking up charges, and thus, interest payments. But for our purposes, we rent AU data, which causes scores to rise. If you add a tradeline, several credit factors are affected: total accounts, utilization, payment history, and length of history.
This is why they are so valuable, and at times, expensive, because they can jump your score a hundred points, and sometimes well over that. Being so valuable, who can sell them?

Who Has the Authority to Sell a Tradeline?

 

Anyone. Anyone can sell a tradeline. It is not a regulated area of the financial industry. Many parents add their kids on their credit cards once their kids reach 18. This is the same thing as adding a tradeline onto a report, being added as an AU onto a credit card. Most of the time you will buy seasoned tradelines online unless you have a friend or relative willing to add you. But even then you want to be cautious:

We see people with spouse’s/friends’/relatives’ cards on their reports that are maxed out, missing payments, brand new, etc

All of these scenarios will be detrimental to your scores. So where do you get them?

Where is the Best Place to Buy Tradelines?

 

As previously mentioned, you’ll likely be buying them online. You want to make sure you are purchasing from a reputable seller. One who has contracts, online reviews, and transparent guarantees so you know what you are purchasing. If you are wondering how to add tradelines to your credit, then the best idea is to consult a professional.
Every person’s situation is different, but if you are in a position where you have poor credit, no credit cards, and are living paycheck to paycheck (even if you make good money), it is always good to be prepared for an emergency. With bad credit, if a major recession hits and you have to pay for things without an income, a credit card is one of the only ways.
We certainly don’t advise it, but if it’s an emergency, you will be glad you have the ability. If you are in a position that is not an emergency, and you’re wondering how long does it take for trade lines to post, it can be quick, even as fast as 7 days, though an average is 2 weeks.

We don’t like to engage in Chicken Little “sky is falling” talk, but right now, the Chinese are devaluing their own currency to mitigate the trade war tariffs. The U.S. cannot do that. There are many other factors at place in the economy, but a recession will hit eventually. That is the nature of our boom/bust economy. The 2004 earthquake caused the earth to vibrate up to 1 centimeter, which doesn’t seem like much, but obviously the results were disastrous. An economic downturn has many small factors that lead to big crashes. Are your accounts ready? Is your credit ready? Unlike the Jarawa predicting the tsunami, no one has the ability to predict the market, or a crash. If your credit is not good, you will want to talk to us. We have some of the lowest priced seasoned tradelines.

What is My Number One Priority When I Become a Tradeline Broker?

 

You are a financial professional. Maybe you clean credit. Maybe you’re a loan officer. Maybe you’re an accountant, a lender, a renter. Hell you could be anything in the business world and have credit be somehow relevant.  A great credit score is something everyone wants, but having credit that can at least get qualified is, in a lot of cases, what many people need. So if you are someone who is a broker selling tradelines, what are the big things you need to know in order to be able to sell tradelines effectively?

Do Tradelines Still Work?

 

You’re going to get this question a fair bit. People have access to information like they never have before, and if they put something into the Google search and read something online, many believe what they read is gospel, regardless of how true it is. And there are plenty of sites that say the FICO 08 model negates the effectiveness of adding tradelines–this is because the banks try to mitigate the tradeline business as much as they can.

But…as long as you get tradelines that post, you will see your clients’ reports benefit from them.

This isn’t to say there aren’t bad tradelines, but that’s where you come in. You are the expert. You are the one who’s gained your clients’ trust and know how to determine legit tradelines. But, again, if they post, and they have perfect payment history, are seasoned, and have decent limits, that’s the most important thing. But it gets more specific than that when a client asks you “what are the right tradelines to buy?” And your answer will depend on that particular client, because each client’s credit profile will decide the type of tradeline they need. So, if you know what type of line they need, the next most important thing is, do you need to do anything to get them to post?

Is There a Secret Method to Add Tradelines to Credit Report?

 

Hopefully without going too far into the weeds, yes, there is. When you get a tradeline for a customer, most of the time it will post automatically, but every once in a while it needs a little extra help. If you’ve got a client looking to buy personal trade lines, then he or she expects it to show up on at least 2 out of the 3 credit bureaus, and that is the most important thing, other than tradelines that report soon, as in ASAP (what most clients want).

What we are referring to here, is a Soft Pull, this is where you get a login to a site that merges the tradeline data with the credit reports.

In our experience, those sites are any experian-powered website (e.g. creditchecktotal.com, experian.com, and freecreditreport.com). There may be others, but we haven’t seen them yet.

If you’re getting tradelines to add to credit report and they don’t show on their own, then this is when you need to have the client get a login to one of these sites, change their address to the tradeline address, and order a 3-Bureau credit report. This will communicate to the credit bureaus there is data out there attached to this address and the line should post to 2/3 bureaus at that point.

Are There Other Easy Ways to Raise Your Credit Score?

 

This is the other question you’re likely to get from your clients. What other tricks are there? The best way to get a credit score improved is to make sure that everything gets paid on time. If you have clients that have accounts past due, then that is the number one priority. If they are looking at how to improve low credit score, then that is the thing that will help the quickest. The next quickest way to raise the score is to remove the negative accounts: collections, chargeoffs, etc. Once these are removed, the scores will rise, if there is positive data helping push the score up.

If there are no positive marks on the credit reports, this is where tradelines come in, and if you can get them to post, you will have happy customers.

 

Is it Hard Become a Tradeline Broker?

 

The world of tradelines is a funny thing. There are no rules, no regulations. An authorized user trade line is simply a credit card with available AU spots that someone, or some company, offers as a product (in essence renting the data) for a set period of time. Unlike almost any area (e.g. loans, investments) in the financial sector, you don’t need a special license to sell them–in fact here’s a little hint, if you call us and say the phrase “broker license” it’s a dead giveaway that you have no clue what you’re doing.
There is no broker license, anyone can sell tradelines. Unfortunately, since there are no regulations, the potential for fraud is much higher, hence why you, or others, may have heard that tradelines are a scam. The truth is that tradelines themselves are not a scam, but like anything valuable, there are plenty of scammers out there willing to take your money and provide nothing in return.
But, if you are looking to get into this business, we’ll assume you’re looking to make money in an honorable way and actually take care of your customers, so what do you need to know in order to be able to get your hands on wholesale tradelines?

What You Need to Know in Order to Broker Tradelines?

 

We get a lot of people signing up on our site trying to become tradeline brokers. The problem is that tradelines, while not rocket science, are complicated enough to where if you don’t know what you’re doing can lead to some bad experiences for your customers.
But…here’s the good news, all you really need is a can-do attitude and a willingness to learn.
Also…don’t throw around the word “broker” in an attempt to get cheap tradelines for yourself. We understand the cost of tradelines can be quite high, but you get what you pay for, and we can fit a tradeline (or package) to nearly any budget. We can tell instantly if you know what you’re talking about when you sign up as a broker.

What’s most important if you are looking to become a broker, where you have access to deep discount wholesale tradelines is to become familiar with how credit works–what pulls the scores down, what pushes the scores up–if you understand this, you will be able to properly sell tradelines and you will end up with happy customers.

Okay, so let’s say you are someone who understands the ins and outs of credit, if you want to be a broker, then that means you either have your own tradelines you sell, you have a group of people whose tradelines you sell, or you purchase wholesale credit tradelines from a professional company. In the last two instances, you are a middleman, hence the wholesale discount. So what do you look for in dealing with a professional company?

What Makes a Good Tradeline Wholesale Distributor?

 

Pricing: the first thing everyone always wants to know. How do the prices compare across the market? As a broker, you should have access to tradelines that are discounted, giving you an incentive and ability to make a profit. At Boost Credit 101, our broker website is www.tradelinemaster.com, where we offer exclusive access to authentic brokers at good pricing.

Support: How available are the people that work at the tradeline company? Can you get someone on the phone? Sometimes an issue, or question, is just a bit too complicated to type in an email.

Posting Ratio: If you’re looking to buy tradelines wholesale, how consistent do the lines post? At Boost Credit 101, and tradelinemaster.com, we have a 95% posting ratio. Any legitimate company will have a refund/replacement guarantee in place for all lines that don’t post on 2/3 bureaus, but it’s always annoying to have to replace a non-posting line. These days people expect things as soon as possible, so it’s stressful to have to explain to someone expecting a posting on the 15th that they have to wait until the 30th. Non postings are going to happen, but lessening the chances of the non-posting is hugely important.

Bottom line: We will show you how to purchase tradelines for wholesale as long as you either know how credit works, or have a willingness to learn. Oh, and be nice, being nice always goes a long way.

Avoiding Tradeline Scams

 

These days it’s important to maintain your wits about you regarding who you do business with. At this point we are all (hopefully) aware that if a Nigerian Prince wants to give you a million dollars but needs $1,000 to secure a boat ride for the diamonds or cash or whatever, we know that’s no good. Scams take on many forms, nickel and dime stuff to bigger and perhaps even becoming famous for all time–see Victor Lustig, the Austrian-Hungarian who “sold” the Eiffel tower. If you’re looking into adding tradelines, you won’t be taking part in anything so grand, but you could still lose thousands of dollars if you aren’t careful. You always want to perform your due diligence when purchasing revolving tradelines, and this is the only kind you should be buying, as primary tradelines are in fact financial fraud. So, that brings us to the main question.

Are Tradelines Illegal?

 

Authorized User tradelines are not illegal. Adding tradelines in the primary position that do not belong to you, like auto or mortgage, are illegal. That is financial fraud. You cannot add debt onto a report and say it belongs to you when it doesn’t. But adding AU’s, or piggyback tradelines is not illegal, and in fact is the only legal way to add data onto your report that doesn’t belong to you.

We get calls all day every day asking for primary tradelines. At Boost Credit 101 we only sell AU aged tradelines, because we don’t want a government financial investigatory agent knocking on our door and hauling us off in handcuffs. The best advice we can give as far as primary lines go, don’t get into that transaction, as you are doing business with someone engaged in an illegal activity, which puts the probability of scam at higher than normal levels. If you want to buy a tradeline account, stick with the AU variety. So where exactly do you get them?

Are There Tradeline Stores?

 

The nice thing about being a consumer in the most whiz-bang gung-ho capitalist society to ever exist is that we have a lot of variety. Need some clothes? There are a hundred stores in a two mile radius (at least if you are in a city). Need a car? There are dealerships on several corners catering to every need you can think of, from the purely utilitarian, to the posh and gaudy (e.g. if you purchase a Maserati from Sil Terhar in Denver, they deliver each on a trailer; only you can put miles on it). The problem with tradelines however, is that there are no brick and mortar institutions, only online stores, and online stores can be a bit sketchy, [cough] craigslist. If you’re thinking, “I need to buy tradeline, so I can get house”, you won’t be able to window shop these products. But there is some good news: there are more than a few reputable institutions, and that should be your number one priority, finding an honorable tradeline company.

So how do you find them? Well, it’s fairly simple, just google “tradeline Boston”, or wherever it is that you live. Good tradeline companies can service your needs from anywhere in the U.S., and more often than not, will strictly be an online entity.

How Do You Properly Vet Reputable Tradeline Companies?

 

Any company that has the ability to check reviews is usually a legitimate company. Think about it. Businesses rely on reputation alone to stay solvent. If someone is a rip-off artist, they won’t allow reviews, as just a couple of those would sink the business. We would like to be able to offer the ability to look up reviews of tradelines, the problem with that is every file is different, and because one line worked perfectly for Person A, it doesn’t mean Person B will get the same results, so the lines do not get reviewed. If you are looking to add trade lines, we will also give this advice: make sure you get a contract. A contract shows this person or business has covered their bases legally, and should also let you know what they guarantee. If you are unsure of what you are buying, how can you make an informed decision?

Do You Have Good Credit? Do You Like Money? Become a Tradeline Seller!

 

Everyone likes money. But there just aren’t that many ways to make a lot of it in an easy fashion. If only it was as easy as getting a magic seed that could sprout a tree that blossomed clustered bundles of hundred dollar bills–but actually, such a thing is impractical, it would be far too expensive to protect, and how would such a tree propagate, by dropping hundreds onto the ground that grew into other trees?

Spoiler–it doesn’t work like that, we’ve tried to bury $100 bills, but they don’t grow.

The easy money is usually illegal, such as selling illicit substances cooked up in private labs, and frequently leads to a lot of bad stuff happening, just ask Walter White. But there is a way to make some easy money, it’s not illegal, and there is no risk to you, and that is to sell authorized user spots. What? Is that legal? It is. The banks don’t much care for it, because it means you’re making money off of something they give you that they don’t get a cut of, but you can’t get in trouble for it, and there is a huge group of people out there looking to rent authorized user spots.

Pull out your wallet or purse, and take out a credit card. Perhaps you are not aware, but every credit card has the ability to add AU spots; the number depends on the lender, but when someone is added to your card, the history, limit, and payment history goes onto that person’s credit reports. In the credit/lending business, buying and placing positive data on your reports is known as purchasing tradelines. If you have great credit, it stands to reason that you have multiple credit cards that are basically collecting dust. You’ve taken advantage of the sign-up bonuses, and now those cards don’t get used much…so why not get paid actual money for them? What’s to lose?

 

Pros and Cons of Tradelines

 

If you are just getting familiar with the term “tradeline,” we can further demystify it by stating simply that any single account that gets reported to the credit bureaus is a tradeline: auto, student, mortgage, all of these loans are tradelines. So if you’re thinking, I’d like to sell some if it’s such easy money, and you’re asking yourself, how do you create your own tradelines? If you’ve got credit cards you’ve got tradelines. The biggest pro of tradelines is that they cut time off building credit. A lot of times, when parents have a kid that is turning 18, they will add him or her to their credit cards as an Authorized User. This makes their scores go from blank (or NA), to well into the 700 score range. If this is the normal result, it’s easy to see why people pay good $$ to buy authorized user spots.

The other big pro of tradelines is that they can generate great revenue. If you’ve got multiple cards that have good long history with good limits (think over 5 years old, more than $10k) you can generate as much as $1,000 (or more) per month.

The only real Con to selling your credit card (AU) spots is that it may end up costing you your credit card. There is no risk of anyone getting your account information, and we at Boost Credit 101 have learned over the years on how to lessen the chances of getting your credit card shut down.

There is a potential con in that you are trying to sell your AU spots and you don’t get paid, but this is why you need to find reputable companies offering authorized user spots.

In life, there is always a disconnect between those who have (or sell) something, and those who need something, that’s what marketing was invented for, to catch the eye of the people who have an eye out for a particular product or service. This may be something you didn’t even know was a thing, but now that you’ve found out about it, and if you want to make money, there is a whole giant group of the population who will pay to be added as authorized user to your cards.

How Fast My Credit Score Can Be Improved?

 

This is what everyone wants to know, but it’s never a simple answer. There is no one-size-fits all solution to anyone’s credit issues. And this is why: go look in the mirror. Does anyone else have your face? Unless you’re starring in a Mission Impossible movie, the answer is “no.” Okay, we won’t be too smart alecky. So, generally, how fast can credit score rise? Credit score can rise quickly, in a few days at the fastest, and several months, if not longer, at the longest. Understanding how fast you can raise it comes down to how much you understand about credit.

How Can I Help My Credit Score?

 

First step is knowing what affects your score. It’s similar to if you want to lose weight. You must understand nutrition, exercise, sleep, etc, and how that applies to your particular situation. There are plenty of people on youtube or in magazines (if anyone still reads those) that have their “How I lost 100 pounds in X amount of time” stories, but the problem is, you will never see a video “how I raised my credit score” or similar equivalent. Why is that? Plenty of people have bad credit, and plenty of people have gotten their scores in better shape. The reason those videos don’t exist is because people are afraid, or ashamed, to admit they have bad credit. Bad credit is a secret, unseeable situation, while being overweight isn’t so easily hidden.

So, like knowing how to lose weight, you need to know how to raise credit. You raise your credit by removing negative data and/or adding positive data. It’s that simple. Negatives are things like collections, public records, and charge-offs. So if you’re asking “how can I raise my credit score quickly?” Which one of the two, adding positives, or removing negatives, do you need?

Raise My Credit Score 100 Points?

 

If you have your own positive data, loans (i.e. student, car, mortgage, credit cards) and they are in good standing but you have a few collections on your reports, then by taking them off you may see a quick boost of 100 points or more. Removing negatives can be quick, but most of the time it is not an immediate process, and may take 45 days to several months.

Be wary of companies that charge you a monthly fee to work on your credit, as it’s best for their business if they take their time.

If you also need positive data in addition to removing negatives, then you are looking at adding tradelines.

When Purchasing a Tradeline, What Should I Look For?

 

Ah yes, tradelines, that wild west portion of the financial sector. No other product can give you results so quickly. Not many products have as many rip-off artists either. The problem with tradelines, they are unregulated, so when you buy one, you’ll want to make sure you trust the business you buy from. You may be tempted to go after the low cost tradelines, and you can find them, but be careful that low cost doesn’t translate to “too good to be true.” For instance, if you’re looking to keep the price down, that will likely mean the lines are not very old, and not very big. So when you see someone advertising low cost seasoned tradelines, that should raise a red flag. It’s the longer time on the tradelines that make them worth more, so very cheap ones are rare.

Can You Buy Tradelines You Can Use?

 

We get this question sometimes. Do we sell tradelines that people can utilize the limits on? The simple answer is no. But why? Well, let us ask you a question, would you go out on the street and hand your credit card over to a stranger for a fee? Let’s say you have a 10k limit, would you let someone use that for a few hundred dollars? No, you wouldn’t. When someone becomes an Authorized User, the responsibility of paying is entirely on the primary cardholder legally, which is why people are generally very careful about who gets to be an AU. Just like there are no permanent seasoned tradelines, there are none that you can purchase and have access to their limit.