Authorized User – Does It Help to Be One?

 

Authorized User…does it help to be one? 

And!

What are the steps to know when buying? 

 

Recently we’ve had some clients come to us and get very good results with their credit scores, we’re talking low 500’s to mid 700’s. These aren’t rare happenings. 

So does that mean if you buy authorized user accounts you’ll get that mortgage, that car, the big credit cards, the business loans you’re after?

It’s a distinct possibility. We spoke to one woman today who said she had two friends use our services and they both got houses out of it. There’s no doubt au credit lines work, but will they work for you?

It all depends on how you use them. And it is very important to know exactly what you are paying for when you do look into authorized user accounts for sale. If you haven’t looked at your report in years, and you think, craaaaaaap…I’m 37 and I need to buy a house since that’s one of the things you’re supposed to do as an adult (if it’s right for you, go for it!), and you believe you can buy authorized user tradelines that will act as a sort of wand, magically making your credit better…we have some news.

They won’t.

But of course there are exceptions…if your reports are blank for example. But what do you need to do first?

 

Before You Purchase a Boost Credit Rocket Booster (Tradelines): You Must Check Your Reports

 

What’s the first thing that a doctor does with you? Asks you where it hurts, right? Well if you just stare at the doctor and don’t say anything, then the doc isn’t exactly able to help, now is she? 

Before you get au trade lines, you need to know what’s on your credit, that way you know if tradelines will even be a help to you, because there may be actions you need to take before you put them on…[cough] remove the negative items. 

The site that we love to check reports is CreditKarma.com

Why?

Because it’s free, the data is accurate, and it updates every 7 days. 

We are not affiliated with them in any way, but because of these reasons, we recommend starting there. Other sites cost money, or update only once a month, or are just plain bad. Before looking into authorized users for sale, this should be your number one action.

Now what? You’re dying to ask the question, we know…

 

What Do I Do After I Buy Authorized User lines?

 

That depends. What is it for? And the first question you should always ask yourself: if the tradelines drop off, will my credit be right back to where I started?

If that is the case, then you need to get approved for your own credit cards, at least two, and one at an absolute minimum. 

This is how you set yourself for long term success.

How?

You use those cards, and you pay off the balance monthly. Time to develop some self control. 

Is your goal a mortgage? Start talking to a lending officer. A car? Go to a dealership you like. A business loan? Talk to a business banker. The point is this, once the au trade lines post, that is what you pay us for. We cannot get you the mortgage, the car, the funding, because those are different companies, different parts of the country, and we don’t know your finances. 

So here’s the important part: when looking into credit lines for sale, all we can guarantee is the line posting two out of three bureaus, having less than 10% utilization, and they will stay posted for the alotted time you purchased them for. 

The good news is we know they work. We see it all the time, but getting the approval is up to you. 

So the next thing you may be thinking…

 

Yeah That’s All Well and Good, But I’ve Heard of Credit Profiles For Sale

 

So you’re thinking, you’ll get a CPN, and then you’ll put tradelines on that, get a great score, and now you’re ready to get a house, a car, a credit card. 

No. 

You won’t get approved for a house. Underwriters take one look at a CPN and can tell it doesn’t belong to you. They’re trained in how to spot them. 

And if you’re not using your Social Security Number, well, that makes you sneaky. And underwriters don’t like folks trying to be sneaky. 

It’s always better to clean your reports, do it right. You can probably even find tradeline sales

Heck, we know, we run them all the time. We always take your situation into account. We can work with nearly any budget. Does that mean you can buy great lines with $50? No, but you may be able to get access to wholesale trade lines

It never hurts to ask.

What are the Benefits of Seasoned Tradelines in Your Real Actual Life?

 

There’s a story about a holy man in India. He is cornered on a cliff by a pack of tigers. He falls but catches a branch. Below him is a huge drop and sharp trees. Above him are the tigers. And right in front of him, he sees this perfect, red, ripe strawberry.

And that’s the end of the story. 

Does that bother you? It usually bothers people. That’s the point.  We want to know what happens next! 

But does it matter? Not really. And that is, ultimately, the real point. The only things that really matter are the things in your life that either help you, or hinder you. If you’re in the market to buy tradelines. There is definitely something hindering you. After all, you looked at your credit. That’s something you only do when you want or need something. So, we’re guessing, there’s something hindering you from being able to accomplish your lending goals. And you’ve heard about tradelines for sale, and you’re wondering, can that help me? 

…and you’re thinking…

Sure, But If I Buy Authorized User Trade Lines Will That Do Anything?

Here we have to go into hypotheticals. Let’s say you have some negatives on your report, some collections. Will you get a boost?

Yes, but not as much as if you remove the negative items before adding tradelines. 

Let’s say you get the negatives all removed, now will tradelines help you? 

Yes, if you don’t have a large amount of revolving debt already. 

If You Buy AU Tradelines, Will That Allow You to Get Approvals for Auto Loans, Mortgages, Business Loans, and the Like?

Yes, but that is where your story continues, because that part is up to you. 

We can’t tell you how to accomplish your lending needs because we are not the lender. 

The lenders working with you determine approvals, but, yes, we see these things done all the time.

But you need primaries, right? What’s the use of getting a paid tradeline if it isn’t primary? Our answer to that is two-fold. 

One: it’s not illegal to buy primary tradelines, but it is illegal to sell them. So, if you buy one, you are doing business with someone who is breaking the law. 

Two: Adding au tradelines allows you to get approved for your own, legal, primary tradeline. 

By getting approved for a credit card in your name, you are building the foundation of your own long-term credit. 

Note: Anyone who says you don’t need to use credit cards [cough, Dave Ramsey] is calling you a low-disciplined fool. Using credit cards responsibly is the best way to have amazing credit. 

Here’s the biggest point we can make.

Buying Authorized User Tradelines Should Be Used, Firstly, to Get You a Credit Card or Two

And, today for a bonus, we will give you an answer to one of the most asked questions we get daily.

Do We Have Credit Tradelines That Post to 3/3 Credit Bureaus?

Do you actually need 3/3 bureaus? It’s definitely nice. It’s nice to have all three bureaus, but if you want to buy a car, get a house, get a credit card, do you really need the line to post on all 3 bureaus?

No, you don’t. 

Here’s why:

Wherever you are in the states, there are lending institutions around you, and nationally that will work with you, that pull only one bureau, and the different lenders pull different bureaus. You will always be able to find a lender that can pull one of the two bureaus with the posted trade line credit.

What about if you want to buy a house? They pull all three bureaus, so you need to have a line, or lines, on all three, right? 

No. Mortgage lenders factor your credit like this: 

They ignore the highest score. They ignore the lowest score. They take the middle score. So if you have a line that posts two out of three, then two of those bureaus are going to be your highest, and your mid score. 

Those are the only ones that matter. 

When perusing personal tradelines for sale, we know it’s tempting to try and figure out which tradelines will post to three out of three. But we can’t predict it. 

We have an idea if you call and ask. We will always select the line that fits your needs best. 

If you’re the holy man hanging on the cliff, you don’t care much about credit, but if you are here, trying to get something done with your life so your story can take an upward turn, but you can’t because of your credit, we implore you, give us a call. 

 

Can Tradelines Help My Credit?

 

This is a common question for us.
Do our products help the person on the other end of the line?
In 9 cases out of 10, our tradelines will provide a boost.

Note: people with currently late accounts are the exception.
If you are looking to purchase a tradeline, the best thing you can do is to inform yourself of what it is they do, how they can help out with your specific situation.

Since every situation is different, we have to speak in generalities for the purposes of this article, so this post is like looking up medical advice on Google or Mayo Clinic, though a doctor can get specific to your case.

First off, let’s define what a “tradeline” is.

What are Tradelines On a Credit Report?

 
 

Anything that is on your credit report is a tradeline.
If it’s reporting on your bureaus, it is a tradeline.
But, more specifically: credit cards, mortgages, auto loans, student loans, personal loans, etc…any debt that you are paying on is a tradeline.

Most tradelines for sale are Authorized User trade lines, which are credit card tradelines. There are other tradelines called “primaries,” where you pay someone to put debt, in your name, onto your report, but they are not legal.

Example: Let’s say you find someone who will sell you a primary tradeline, maybe…a jewelry store (or someone who has access to a jewelry store owner), and they put a loan for a purchase on your report, but you didn’t actually purchase any jewelry.

This is falsifying credit data, and is highly illegal.

How Do Tradelines Improve Credit Score?

 
 

Do you monitor your credit? You should. If you don’t, why not? Is looking at your credit report something that scares you?
Most boogeymen arrive in the mail, snail or email, once we grow up. Bills, etc.

The first step in addressing a problem is knowing what’s wrong. Credit reports are not boogeymen, but they can be scary, better to shine a light on them, like looking under the bed, and the more you know and look, the less scary they are.

If you do monitor your credit, you likely have a login to a site like Credit Karma.

Most sites will give you a breakdown of what comprises your credit score. And here we’ll show how tradelines are the best way to raise your credit score.

There are six main categories for credit: payment history, credit card utilization, credit age, total accounts, inquiries, and derogatory marks. The last two are things that can only hurt you, not help. When you buy authorized user tradelines, the 4 categories of your credit that help you are boosted.

In another article we can break down the amount each category affects, but for simplicity’s sake, you now know that 4/6 categories that comprise your credit…tradelines help with.

Note: we see people all the time who have gotten friends or relatives to add them to their credit cards because they think getting that AU history will help, but in most cases it does not because of missed payments, overutilization, or being too young.

If you know someone with good lines, you can go to them, but it’s likely you’ll be looking to purchase au tradelines online.

What are the Best Tradelines?

 
 
Everyone seems to want the lines with the big giant limit, but usually that is not necessary. The best lines are the ones that fit your particular situation best. Do you have a few open accounts and your average history is around the 2 to 3 year mark? The best lines for you are going to be the ones that add the most history to your average.
That’s how you experience a good credit score raise.

Perhaps you are looking to get approved for a large limit credit card, a larger limit tradeline may help with that. We don’t guarantee it, but we see large(r) limits approved all the time.

The best part about getting approved for your own good credit cards is that…you are essentially learning how to build your own tradelines.

If you get approved with a good lender, say Discover, or Capital One, and you have a decent limit, then, with time, you may be approaching us and asking for a commission schedule.

We have cardholders with so many cards they don’t know what to do with them, might as well get paid.

Do I Have to Break the Bank When I Buy Authorized User Tradelines?

 

Everyone is always looking for a great deal. There’s something really satisfying about not paying full price when all the other suckers do. Right? Discounts are the way to go, SALES, Black Friday, Cyber Monday, End of the Season, etc. If you’re trying to get tradelines for sale, the most important thing to know is your budget. How much are you willing to spend? What do you get if you say “Money is no object?” vs “I need to buy cheap tradelines.” 

 

Note: If you say “What’s your cheapest tradeline?” it’s a dead giveaway that you aren’t too concerned with actually getting your credit fixed.

 

Okay, so there’s a range of prices, but what are you getting at the extremes: expensive vs. cheap?

 

Cheap Tradelines

 

There’s a very famous capitalistic saying, “You get what you pay for.” Now, with tradelines, this is usually quite true. In a real-world scenario, if a person has a fair number of accounts: auto loans, mortgages, student loans, credit cards…that creates a lot of history. The more accounts you have, the harder it is to raise the average history (a major factor in your overall score). 

Let’s say we add our (currently) cheapest line:

 

A $2.5K TD Bank with 2 years 6 months

 

Example: 10 open accounts, average history 3.5 years.

For a little quick math, to show how the average is produced, we take 3.5 X 10 = 35.

There are 35 years of total history with all those open accounts added together. 

The average is figured by dividing that total number of years, with the number of accounts, which gives us 3.5 years.

 

So let’s take that TD Bank and add it to this profile. 35 + 2.6 = 37.6 total years now, then 37.6 ÷ 11 (now we need to add in the extra account) = 3.42

 

In this example, the TD Bank actually lowered the average history.

WE DO NOT WANT THAT

 

But…that doesn’t mean cheap tradelines for sale are never a good idea! 

 

If we take that same line, and put it on a blank profile, then the average history, usage, and payment history of that TD Bank becomes those categories. So: 

 

Average history: 2.6 years

Utilization: whatever is on the line, let’s say $5, so .002%

Payment History: Perfect

 

On a blank profile, this card will generate very good scores.

 

So, we see that you don’t always want to buy tradelines cheap, but there are great scenarios where they are warranted: blank credit profiles, profiles with very young average history, profiles with only a few new accounts, etc

 

Expensive Tradelines – Best Tradelines for Sale?

 

Just because a tradeline is very expensive, doesn’t mean it’s the best one for you

We get people asking all the time, “What is the line that will give me the best score?” 

If you put the most expensive line on, you will get the best results, but that doesn’t mean you need that line. Adding Authorized User Trade lines is not an exact science. 

That said, if you put the biggest history we have (currently a 42 year old line), then your history will be very impacted. 

 

If money really were no object, and your goal was BOOST CREDIT SCORE NOW! This line would be the best. But in most cases, it’s overkill. You only need an average history of 7 years to be in the excellent range.

 

Conclusion: Credit Tradelines For Sale = Unique Opportunity Dependent on Individual

 

Your credit report is as unique as you are. It’s your financial DNA. If you’ve been alive for a bit, you could probably look at your reports and smile (or grimace) at the memories it brings up. 

We always offer to look at your reports to tell you what is best for you. Will that mean tradelines for cheap

 

Sometimes

 

It also depends on how badly you want to get great credit. If you go the traditional routes, it may take a fair bit, 6 months to a year, or longer, to get those great scores. Authorized user accounts for sale give you that one thing no one can ever really sell you: time. 

 

If you need more than a single line, then your budget should be somewhere between $600-$1500. If you need just one, then you could be looking in the under $500 range. How much is getting what you want done, and quickly…worth to you? 

 

Do I Need Tradelines to Get an 800 Credit Score?

 

Everyone wants an 800 score. We get calls every day with people saying they want to be at 800.

We always try to be polite.

But the truth is, 800 credit scores are for people who pay their credit perfectly, for a long time (think years), on all the various types–revolving (credit cards, HELOCs, installment (student loans, mortgage, auto loans, etc)–and they likely have a lot of those types. 

But…here’s some good news, you won’t get any better rates at 800 than you will at 760. 760 is considered an elite score, and once you reach it, you get no benefit from going beyond it.

This is like in the movie “Armageddon”–Bruce Willis, Ben Affleck…very cheesy, but very entertaining–where a crew of oil drillers and astronauts must dig to 800 feet in order to detonate a bomb to blow up a giant asteroid hurtling toward Earth. They need to get to 800, but anything beyond is unnecessary. 

Think of your credit as that 800 feet mark, but, you only need to reach 760.

So, for that 760, do you need to add tradelines

And the answer is…maybe.

 

Who Should Buy Authorized User Tradelines?

 

Everyone. Okay just kidding. 

Here is who should not buy them: anyone with excessive negative marks (collections, chargeoffs, etc), huge amounts of inquiries, overutilized cards, loans/lines with very recent missed payments, or currently late accounts.

Do any of these apply to you? Then you should not buy authorized user trade lines

The good news: most of these are fixable. If you’re late on anything, get current. 

That should be your NUMBER ONE priority. 

Negatives can be cleaned–and we highly recommend going the professional route for this, as paying off a collection usually means it stays on there, paid, but still there, like an unsightly scar. It’s healed, but it looks funky (and does affect your credit).

Adding au tradelines has taken on this mythical role of automatically boosting scores by 100-150 or more points. It doesn’t work like that. 

 

How Does Adding Authorized User Trade Lines Help Your Score?

 

There are all kinds of graphs, sites, and blogs dedicated to how your FICO score is calculated, but in actuality we only have a vague clue. FICO algorithms are like that BBQ sauce you love. You can likely pick out most of the ingredients, but there are things in there the chef will never reveal. 

Where do you think the term “secret sauce” comes from?

FICO is the secret sauce of the credit industry.

 

That said, here’s a brief breakdown:

Payment History: 35%

Revolving Utilization: 30%

Credit Age: 15%

New Activity (inquiries): 15%

Credit Mix: 10%

 

If you’re thinking of buying authorized user tradelines, this is where you want to pay attention. Those first two categories make up 65%, nearly s of your score. That is mainly related to credit cards–if you’re late on your auto loan or mortgage then you have other issues needing addressed–and credit card data is exactly what you get when you buy au tradelines

The people who should buy this data are those looking to start building their credit (new/wiped profiles), and people with none of the major issues affecting their credit who need a boost. 

 

Where Can You Find These Authorized User Accounts for Sale?

 

Right here. That’s why you’re here isn’t it? Or maybe you got linked to this article because it is so amazing. Either way, right here. You do not want to go looking Craigslist for personal tradelines for sale

 

You want to find a reputable company. What makes us/them reputable? 

They have the ability to leave reviews. 

They have contracts. 

They keep your money in an escrow account until the contract is completed. 

They let you know what is guaranteed.

They don’t promise the moon.

 

This last one is important. You may find people or “companies” that offer tradelines under $100. But that should raise all kinds of red flags. You might find someone who knows someone who will add you to their credit cards, but companies do not charge these kinds of prices. 

There are commissions, advertising, website fees…all the costs of a business. Anyone offering an authorized user for sale for that cheap is a scammer unless you know otherwise. 

How to Find the Best Tradeline Companies

 

Recently we did an article talking about a major credit repair firm and how their whole operation was slapped with an injunction by the FTC. Needless to say, that company is not among the kind of companies you want to work with. If you want to piggyback off of someone else’s credit, you can either find someone who has a great card or pays a company to place you on one. We’ll get into what makes a great tradeline company in a bit, but first, what do you need to know to find a good tradeline if you do find a good company?

Why Buy Seasoned Tradelines?

Tradelines–in the case of Boost Credit 101 (and most tradeline companies)–mean Authorized User spots for sale on revolving credit cards. There are six main categories that make up your credit: revolving utilization, total accounts, payment history, the average age of total credit, derogatory marks, and inquiries. 

The last two are things that take away from your scores. 

The first four all help, and all four are affected by adding tradelines. This is why we see jumps of 100-150 points (and sometimes more). But how long do you get them, is it even worth it?

How long do tradelines stay on your credit?

Every company is different, but the lines will stay on for at least one cycle, which is 25-31 days. All of our tradelines are a minimum of 2 cycles, which is 45-60 days, and we also have lines that stay on for 3 and 4 cycles. If you are doing a mortgage, these longer-cycle lines are ideal, as mortgage loans can take several months. 

If you’re looking to get something like credit cards, auto loans, personal loans, or business loans, these things don’t take quite as long, but in our experience, things usually take a bit longer than expected–maybe you have some things you need to be removed, maybe you need to add another line, or pay off some of your existing balances–and that’s why we have 2-cycle-minimum lines. 

How to Add Tradelines to Your Credit

We get this question frequently, “Do I need to do anything to get the line to post?” Usually, our answer is, nope. A good company will explain everything upfront. All you have to do when you make a purchase is: pick your line (ask us, we can always tell what is best for you), sign a contract, and make a payment. Once that is done, we notify the cardholder of your order, provide your information, the cardholder adds you as an Authorized User, and the lender submits the data to the credit bureaus. If you do things right, you can experience incredible boosts to your scores. 

The other question we get is, how can I make the payment, do I check out on the website, is it like Amazon? 

How to Purchase a Tradeline

We do have a check-out feature on the site, but usually, we want to speak to customers before they do. We live in a world where convenience is king…the problem with this is that most times people don’t fully understand what they are buying.

This is okay, as credit itself isn’t exactly a bowl full of Fruit Loops–or whatever it is that you can imagine that’s amazing that goes into a bowl (but Fruit Loops are pretty awesome)–and we don’t get educated on this very important thing by anything but our own ambition. 

We ask that you please call us if you have any questions at all. We actually like looking at credit reports. For us, it’s a bit like fishing, every time we open a new report, we see something new, some new issue or problem we get to try and help fix/assist.

Conclusion

You won’t find anyone on the streets shouting “Tradelines for Sale 2019”. And if you did, would you trust them at all? That person would probably be locked up for mental evaluation at the least. The best tradeline companies are online (NOT Craigslist), and will fully disclose what you are buying, what you are guaranteed. They will have contracts, the ability to leave reviews online, and they will hold your money in escrow until contractual completion. If you are talking to a company that has all these things, by all means proceed, but watch out if they offer tradelines for $50 or some bottom of the barrel price. 

Those kinds of prices are the definite signifier of a scam. 

 

Can You Add Tradelines to Your Credit Report Yourself?

 

Tradelines, those magical things that can turn your lowdown, slimy frog of a credit score into a princely number worthy of the best rates on whatever it is you would want to get lending on. But how do you get them? Are you trying to find out how to add tradelines to your credit report yourself, or are you well in your search and believe you must pay to add tradelines to your report? First off, can you add them yourself? Not really, not unless you get approved for cards in your name. That is the only way you can add them yourself. If you have a friend or a relative or a spouse who has a credit card, can they add you? Yes, they can, but you want to be very careful with this. Most people with credit cards use them fairly frequently, so you run the risk at any time of that tradeline being overutilized, which can drop your credit faster than a torpedo impacting on a submarine at depth, and if there is a single missed payment on that card? Same thing. Is it brand new? For example:

 

Same thing. New accounts lessen your average history, the lower your average history, the lower your scores. If you only have a few accounts open, then you’re back being the aforementioned submarine and its torpedo nemesis.

 

But, we have good news, we can tell you how to add tradelines to your credit report. And that is to get with a company you can trust that has contracts in place with people who rent out their credit history. Because let’s face it, can you trust your friends, your family, your spouse? Sure, we hope so at least, but even people we trust and love make mistakes, and those mistakes can cost us. What is more trustworthy is people who handle business, and nobody is more motivated to keep things straight than people who get paid for it. We cover this all the time, but companies with tradelines for sale are really the best way to add data to your report that doesn’t actually belong to you, but which kind of tradelines should you add? Some companies have primary lines, with mortgage tradelines, auto tradelines for sale, things like that, but those companies are engaging in fraud. It is not legal to take someone else’s debt and say that it belongs to you.

 

The only legal way to add credit to your report is with authorized user tradelines. These are the tradelines we utilize and have had success with for over five years now. We have customers that have gotten mortgages, bought cars, achieved high limit credit credit cards on their first applications. Are these results rare? They are not. If you have a solid game plan with tradelines you can achieve similar results, and having a solid game plan starts with realizing what it is exactly that tradelines can do.

 

When you apply for credit there are two factors: your credit score, and your income. If you have a perfect 800 score but make $10,000 a year, you likely won’t be buying a home or a car any time soon. If you make $95,000 a year but have a 450 credit score across all three bureaus, you won’t be getting any approvals either. The income part is up to you, but the credit part we can help with.

 

The first thing to do is to prepare your reports for the tradelines. Have you ever seen an Olympic runner before a race? What are they doing? Are they sitting still drinking milk and eating cookies? No, they are stretching, they are warming up. Preparation is a huge part of doing anything right, and so must your reports be prepared for the tradelines. This means cleaning the negatives off, and when that is done, the reports are ready for tradelines to be added. Once the tradelines go on, your scores will rocket up if you’ve done everything right. We see jumps of over 150 points at times. Are those common? Perhaps not exceptionally so, but the lower the scores, the more room they have to jump.

Anything above a 760 does not matter for getting the best rates.

 

These are scores that everyone would want, but unless you want to brag to your friends at the bar, or you are trying to boast to that girl or boy you’re trying to impress, above 760 won’t be anything but bragging rights. And…just in case you’re wondering how to get that score, because we get people who tell us they want an 800 (or better) score all the time, you get it by paying multiple different types of credit perfectly for years and years, and years. So, if you aren’t on that path, best to start out now.

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. 

 

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.