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  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…

  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…

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…

  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? MAKING THE BIG BUCKS SELLING TRADELINES? Spoiler--it doesn’t work like that, we’ve tried to bury $100 bills, but they don’t grow. The easy…

  “Do you have primaries?” This is perhaps the most frequent question we get at Boost Credit 101 besides “Do you work with CPNs?” We don’t have primaries, and we don’t work with CPNs. The reason being, we don’t want the attorney general’s office breaking down our door and charging us with financial fraud--putting someone else’s debt on your own reports showing it belongs to you is fraud, and CPNs, while not strictly illegal, can be used for bust-out fraud, so we do not touch them. But beside all that, if you want to buy a tradeline, and do it…

  Many times we get the question of what is the point of getting tradelines if we don’t guarantee the results? As an example, we had a recent customer who called us up wanting to get a better rate on his home purchase, get a few credit cards, and refinance his auto loan, and he asked us how to purchase or rent tradelines, and if they would help him. The answer is, yes, tradelines will always help, as putting positive data can only raise the scores, but we cannot guarantee that he would accomplish the goals he had, so he…

  If I buy a tradeline, how much will my score go up? If I buy tradelines, can I get a loan for [X] amount? If I buy a tradeline with 20k limit, can I get a credit card with that limit? These are the types of questions we get every day. The problem...is that the questions assume a guarantee. If you call a tradeline company and they say, “Sure, absolutely, you will get exactly what you’re looking for if you buy tradelines with us!” then you are about to be the victim of a tradeline scam. Let us put…

  Are all tradelines created equal? One of the questions we get asked all the time is how much will a credit score get boosted with a tradeline? It’s not an easy question to answer because everyone has a unique situation based on the way they’ve used (or not used) credit up to that point in their lives. So if you’re asking “what are the best AU tradelines piggybacking” or some variation of that, the answer is always going to be, whichever tradeline is the best for your situation. Do you need history, do you need limit, or do you…

  So you’ve looked at your reports, you need a boost, you’ve heard about these things called tradelines that can boost your score quickly, and you are looking for tradelines posting soon, because why wait for something if you don’t have to? But you look on the internet and you see some tradelines, on craigslist or with a professional company like ours, and you see the price and you go…”What?! Good lord that’s a lotta money!” And you wonder, “Can’t I just go down to the trade line store and buy me a bargain line?” Unfortunately not. Why?   Guaranteed…

  So you’ve heard the rumors, being added as an authorized user to a credit card doesn’t actually help your score anymore. Well...shoot, that’s too bad, but wait a minute, what? Can you still be added as an authorized user onto someone’s card? Yes. Does that data go on your report? Yes. So...yeah. We at Boost Credit 101 don’t want to get political, but the fact is, saying AU’s don’t help your score is Fake News. It’s not like someone at a bank can take a look at your score and say, oh, but you have these AUs there, this…