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?

What Tradelines of Credit are Best?

 

“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 the legal way, as in Authorized User (AU) tradelines, is one lender more superior than the other?

Buying a Tradeline: Do Lenders Matter?

 

It’s easy to see who is green in the land of tradelines when this question gets asked. “Do you have AmEx tradelines?” AmEx is a superior company. Everyone should have an AmEx in their wallet/purse if possible, superior technology, great customer service, not to mention the social status–if you pull out a platinum AmEx, people notice (the annual fee is $550. There are no-fee cards too, just FYI). The problem with AmEx, they don’t report history. So if you add one, and you get the notification “new tradeline credit report” or however your monitoring service works, and you look at the report…if the AmEx was opened ten years ago, it will show as if it was just opened, thereby negating any history benefit, which in the majority of cases is the most important factor when adding tradelines. So, in comparison, let’s say you buy a Capitol One tradeline, is this better? Yes, because it will show history. The lender does not matter so much, as long as it is a major bank, and it posts to 2/3 bureaus (hopefully 3/3), has no late payments, is under 10% utilization, and reports the history. After all, if you’re looking to rent a tradeline, you might as well get your money’s worth. If the line is overutilized (more than 30%), has even one missed payment, or is with a tiny Credit Union, it’s not worth getting.

Tradelines and Funding

 

Okay, so you’ve got a tradeline, maybe more than one, does that mean you are guaranteed to get funding? No. That’s the simple answer. Are you able to get funding? Probably. This is where you have to decide if buying a tradeline is worth it, as there is no secret credit offer of guaranteed tradelines, as in, if you buy a tradeline there’s no super-secret lender that will automatically give you a tradeline (credit card).
But…we see people getting approved for credit cards, auto loans, mortgages, with the use of tradelines on a frequent basis. Tradelines are extraordinary tools if you use them right. But if you’re googling “secret way to increase score fast tradelines regardless of score,” you may be disappointed, as unfortunately, the score matters. What is on your report always matters, and what is on your report is what makes up your score.

Okay, So If There Are No Guarantees What are Tradelines Used For?

 

It seems that a lot of people believe that getting a tradeline is akin to rubbing a magic lamp. They go on, and BAM, your score shoots up a hundred or more points regardless of what’s on your report. This is not the case. The negatives need to be removed. You must be current on your debt obligations (the tradelines you own), and that’s just the start. Tradelines are a great tool, but they are not magical. They do save you time, and if you are buying tradelines to improve credit, that is what you’re after. If you had all the time in the world, or at least a year or two, you could go the traditional route and apply for a secured card or loan, start building credit that way, and then after that get something unsecured. And only then…would your true credit building begin. Unsecured is where the most weight is placed as far as your score.
This is what tradelines are used for, to put the biggest influencer possible on your reports.

What is Tradeline Renting?

 

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 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 wondered why it was that he would do it.
For this, we have an analogy:
Let’s say you want to go fishing, and you have to get a license and hire a boat and captain for the chance to catch what you’re after, let’s say yellowfin tuna. By getting the license and hiring the boat, can the captain guarantee you get to reel in a yellowfin? No, because there are too many factors, the ocean is unpredictable. It’s the ocean. By getting the boat and license and captain to take you out, you are purchasing a chance to get what you’re after.
Tradelines are just like this, so you may say “If I add tradelines to my credit, you can’t get me what I want, what’s the point?” The point is, if you don’t add tradelines, you’re in the same position you are now, and that situation needs improvement. This is what makes tradelines so valuable, by renting the history of a great credit card with perfect payment history, a good limit, and long history, you see improvement to your FICO scores.

So, What is Tradeline Scoring?

Any time you add new data to a credit report, the reports will get rescored. You can either order new reports, or wait for them to update automatically. Does that mean you can clean up credit with tradelines? Not really, the tradelines are the positive data, and do not serve to negate negative marks completely. It’s not a one-to-one ratio. For example, if you have a bucket of white paint (your credit), and you put just a few drops of black paint in (negative marks), then the whole bucket is changed to a different color. Negatives have far more impact that positive data. That’s the way the algorithms work. The negatives should be removed as best you can before adding positive data. But…if you’re asking how to add tradelines to build credit, that is a different story.

New Credit File with Tradelines

If you are in the enviable position of having a blank profile, then tradelines alone can give you scores in the upper 700’s, even into the 800 realm at times. How does a person get a blank profile? Well, there are a few scenarios: you are young and have never used credit, you are not young and you’ve never used credit, you have used credit and you remove the negatives and inquiries–this will likely get you to a point where your score is reported as NA (if you don’t have credit accounts in good standing as well). So let’s say you’ve done the last one, and you want to get a home, but you can’t get that good rate, are there certain credit tradelines that attract subprime customers? That’s the beauty of tradelines, if you get the negatives removed and get the right tradelines put onto your reports, you will be able to qualify for prime lending, so the question is a bit of a moot point.
Tradelines, used correctly, will qualify you for the prime rates you are after. They may not be instant trade lines, but waiting a little bit (up to a month) and spending some money (even up to $2,000) could net you that next rate tier, which saves you tens of thousands of dollars over the course of the loan. This may mean you need more than one, so at that point you are looking at purchasing trade line packages, and this can shoot the price up, sometimes over that $2k mark, but again, to save yourself tens of thousands of dollars, it’s most likely worth your time and money to do so.

Certainty and Renting Tradelines

 

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 it this way: you need a college degree to get a job. You (hopefully) know what field you want to go into as a freshman (because we all know who we are at eighteen and what we want to do with our lives, right?), so you pick a general category: political science, business, biology, etc, and then you spend four years and a lot of money to get that degree. Are you guaranteed a job? No. You are not, but you need that degree, don’t you? Tradelines are much the same. There are no black market season trade tradelines for sale that give you a magic approval no matter where you go. Real tradelines offer the possibility of a door opening, but there are far too many variables to contend with for anyone to guarantee approvals at lending institutions.

So, Do Seasoned Tradelines Work?

 

On our homepage it says very clearly that our work is guaranteed, but that does not mean we guarantee you will get all the approvals you are after, your dreams will come true, and you get the pot of gold at the end of the rainbow by signing on the dotted line of our contract, because the truth is you can put on huge tradelines, like $50k+ and you may not even get an approval, or at least not the one you wanted. Why? Too many factors to say, maybe your income doesn’t justify the type of loan you are after, maybe that institution doesn’t give out that high of a loan, maybe you got unlucky. There’s always somewhere else. We’ve seen people find lenders that give loans that approve you with one tradeline. There is no one-size-fits-all type of tradeline, which leads us too…

What are the Most Reliable Tradelines?

 

Now we get into the weeds a bit, as there are different types of tradelines. One of the questions we always get is, do you have primary tradelines? We do not, as we consider those unreliable, as they are not legal. You can likely find a company that has seasoned mortgage tradelines for sale, and you may get one without consequences, but that is financial fraud, and you’re playing with fire. But what if you need a certain type of history to get approved for that type of loan? Do you need to buy auto tradelines if you want to get an auto loan? Again, these are primary, and a form of fraud. If you are at a dealership and they say you need auto loan history to get an auto loan, this likely means you are after a bit too much car for your situation. We had a client recently tell us that she wanted to get a motorcycle, a gift for her father even, but the Harley dealership said she wouldn’t be able to get the bike she wanted if she didn’t have auto loan history. She was eligible for their starter-bike program, but not the bike she was after. She still wanted to get tradelines, because you have to start somewhere.

And finally, we get this question a lot: do you sell permanent tradelines? The answer is no. Let’s go back to the motorcycles, and instead of a dealership, it’s a motorcycle rental place. If they decided they would just sell their bikes, well then they would run out of inventory, and they wouldn’t have a business. The truth is, you don’t need permanent, in fact you likely don’t even need long term tradelines. Plans don’t take that long to execute. All of our lines stay on a minimum of two-cycles, which is approximately two months. The only thing that takes longer than that is a home purchase. You can always extend an order for another two months (we also have 3 and 4-cycle lines), but if you can’t get it done in four months, it’s likely not going to happen, and you may need to rethink your plan.

What are Good Tradelines?

 

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 need some combination of both? Let’s take a look at the question everyone is wondering.

 

How to Get My Credit Score Above 800 Using Tradelines

 

Everyone wants an 800 (or better) credit score. This is how you get an 800 credit score, you get multiple different types of credit, installment and revolving, and you pay them perfectly, for years. Have we seen credit scores crack the 800 mark with tradelines? Yes we have, but it’s rare, and it depends on where you check the score. If it’s Credit Karma, then those scores are usually inflated since Credit Karma uses the Vantage Score model and for whatever reason it usually shows scores higher than what they are. But here’s the good news, if you’re at a 760, you will get the possible rates, the best approvals, for everything. So, perhaps a better search would be: how to use seasoned tradelines to get 700 scores. That is more realistic, and we regularly see tradelines boost scores up to and past that level. If you’re in the 700 range you’re going to get approvals, everywhere. And if you go from not being able to even get approvals to getting approvals across the board, then clearly tradelines were worth the price. So how do you do it?

 

How Can I Add a Tradeline

 

“Tradeline” is just a term for anything that shows on your credit report. A mortgage, a car loan, a credit card, all of these are tradelines. Mostly people mean AU tradelines when they say “tradeline,” and the easiest way to get them on your report is to pay a reputable company to put the data on your report for you. If you google “how to buy tradelines to boost credit score” you will find all kinds of results, craigslist and companies that offer the service. You want to make sure you can trust the people you’re buying from, so verify that they have a company that allows you to leave reviews. A business lives by its reputation. You won’t find anyone scamming people if customers can leave reviews. And how fast can you get this done?

 

How Can I Get a Tradeline Fast

 

We know you want to do things as fast as humanly possible, but is that because you really need to get something done asap, or because you want to get something done asap? The question is important, as sometimes, despite the reality of the situation, people just don’t want to hear the truth. Adding tradelines can be done fairly quickly, sometimes as fast as 10 days to two weeks. But if you need to clean up negatives, that will take a bit longer. Sometimes even several months. There are sometimes tradelines that post in 7 days, but those instances are dependent on a few factors, like what kind of tradeline it is, and what part of the week you are buying it.
Another question we get asked is if you can pay later, as in tradelines that you pay after they post. We do not have any of those. Think about the types of situations where you pay for a product after you receive it, and really it’s not very many: fancy restaurants, certain construction or home fix projects, where there is a certain amount of built in trust, and those are usually face to face. Tradelines are not sold face to face, so we have to take payment up front. But they are what you need if you want to get high limits. So if you’re asking “how can I get high tradelines in my name?” The answer is to get tradelines on your report that show the types of limits you want. Does this guarantee you will get approved for large limit loans and credit cards? No, but the chances are greatly improved.

Why are Tradelines Expensive?

 

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 Tradelines are Not Very Common

 

We hear the same story over, and over, and over again. Someone paid someone else to put a tradeline on, it didn’t go on, and then that person disappeared. People rip people off all the time in this little niche market. It’s sad but true, so when you are dealing with a legitimate company that has actual guarantees, those guarantees cost money to put in place. Why? Lawyers. Guarantees don’t mean anything without contracts, and contracts get written by lawyers. There are inexpensive tradelines that work, but then that depends on your situation. If you have a blank file, then the cheapest possible tradeline will do wonders for you. But more often than not if you are looking for the best trade line to buy for your situation, it’s not going to be the cheapest. Though, there is a caveat to this. If you can get connected with someone who can properly clean the negatives off of your credit, you will benefit from cheap seasoned tradelines.

 

Large Tradelines Require Effort

 

The day of getting a giant limit approved right away are over. After 2008 the banks learned a bit of a lesson, and all institutions became more conservative. Think about it this way, when you open a tradeline, do you have to prove income when applying for a credit card the same way you do a mortgage loan? No, credit cards are stated-income loans, you just put in a number for income without having to provide any documentation. The application will say that the bank may ask about it, but they rarely if ever do–though if they do and you can’t prove it, you’ll lose that card, and perhaps your whole relationship with the institution if it goes beyond the card.

Large limits take work.

Someone who has a lot of money in the bank and makes a lot will get a decent limit, but even then they may only get 10k to start. It takes years of increases to build up to large limits.

Next is the history:

If you’re looking to purchase seasoned tradelines, it’s the “seasoned” part that costs money, because it takes time for that card to age, and nothing can speed up that process. That’s why when you put a twenty year old line on your report and get a massive jump, you are being rewarded for that cardholder’s diligent perfect payment history over a twenty year period. It is the high seasoned tradelines for sale that fetch the larger prices, because they aren’t take real effort to build.

 

Buying Tradelines Means Piggybacking on Credit

 

No one does anything for free these days, not when there’s a cash value to be made. The only piggybacking you’ll get for free credit wise is on family members’ or a (close) friend’s credit. So when you buy a tradeline, you are buying something that has a set cost in that the cardholder who adds you gets paid. Now, that’s not to say that you can’t find good package deals for trade lines, but even then you will still be paying two (or more) cardholders to add you to their cards. This is something you don’t need to get hung up on, as it’s just the price of getting what you’re after, because the truth is that tradelines give you the one thing that when it’s gone, it’s gone: time. Money comes and goes, but time does not. A tradeline can take six months, a year, or more, off the time it takes to accomplish your goals, and that is the number one reason why they cost what they do.

What is the Benefit of AU Tradelines?

 

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 is what your score would be without them. Nope. AU history is just as valid as it always was. There are whisperings that FICO 8 discounts the AU influence, but from what we’ve seen, it’s just not the case. You take a blank report and put a single AU on it, and it will cause the score to generate usually well into the 700’s. Does that mean there’s a difference between FICO (or real) score and tradeline credit score? No. They are the same thing.

Does that mean you can buy a house with just an AU tradeline or two on your report?

Maybe, but likely not.

Let’s think common sense, would you lend hundreds of thousands of dollars to someone based on a score they achieved by piggybacking off of someone else’s credit? That’s like letting someone into Harvard because they’re best friends with someone who gets straight A’s. This isn’t to discourage you. It’s an extreme example, but tradelines are best used intelligently, and that means sometimes, they aren’t used alone. You can, however, get approved for credit cards and auto loans with just AU tradelines. We’ve seen it. So, is that even within the letter of the law?

 

Can Buying Tradelines Help Your Credit and Are They Legal?

 

The first question, yes. The second question, yes, as long as you are using AU tradelines. Buying what are called “Primary tradelines” are illegal. To be very exact, the people who are selling them are breaking the law. This means that primaries, despite what you hear, are not the best tradelines to buy. The best way to get a primary: get approved for one yourself. Okay, so you are now convinced that AU tradelines are as good as primaries, right? Well, maybe not if a human is looking at them. If it’s a computer, it likely doesn’t matter, so where’s the best place to buy tradelines? Anywhere you can actually trust the seller. Does the seller have reviews you can check out, a contract, do they hold your money in escrow until the contract is complete? Those are the kinds of questions you want to ask. And always remember, the best tradelines are the trade lines that post, and post to your social security number, not a CPN?

 

So, What’s the Relationship Between a Credit Privacy Number and Tradeline?

 

A CPN is where you pay someone to generate a 9-digit number that you use in place of your social security number. It’s blank and if you put tradelines on you will get a great score. The problem with CPNs is that they are felonious. The Fair Credit Reporting Act states that any number used for a loan that is not issued by the SS Administration is against the law. But besides that, you’ll never be able to get a house with a CPN, so it’s always better to post credit tradeline to a ssn.

The reason it’s always better to post to an SSN is that you may spend a fair amount of money on getting the CPN and putting tradelines on it, and most of the time, you’ll have a pretty credit score, but like a beautiful ship with no engine, it’s not really going to get you anywhere. The best way to look at it, to use an overused term, is: credit sweep, tradelines, and funding. A credit sweep is just a fancy phrase that means cleaning the negatives off. Once you clean the negatives from your SSN, you can add the tradelines, and then you’re ready to apply for funding.

What Will Adding Good Authorized User Tradelines Do For Your Credit?

 

It’s the new year, 2019, and this is the year you’re finally going to get a handle on your credit scores, your credit reports, and get yourself into a position to get approved for that loan, mortgage, or car. Maybe it’s as simple as a desire to get approved for a few credit cards just in case you have an emergency. At Boost Credit 101 we don’t advise using credit cards for emergencies, but like being trained in some form of martial art when you’re in a dark alley and someone threatens you with bodily harm–it’s better to have something in your back pocket in case you need it versus being caught flat footed.

So…you’ve found yourself in a position where you have a low score, and you aren’t quite sure where to begin, and you may have heard about adding authorized user tradelines to your report to help boost your score. The problem is, you don’t quite know what that means, and you’re wondering how much of a jump you may see if you buy seasoned tradelines. It’s always a bit intimidating when you approach something you’re not familiar with. This is why lawyers and tax accountants charge get paid so much; they know things that the general populace does not, and if you are new to tradelines the only way possible to add lines on yourself is to get approved for them, and if you are looking to get free trade lines, this is difficult unless you have a very, very trusted friend with great credit who doesn’t overutilize their tradelines (a fancy word for credit cards), has perfect payment histories, and actively uses the account(s). This is why it is best to seek professionals. Which leads us to…

Utilizing Authorized User Tradeline Services

If you can’t put tradelines on yourself, then you’ll want to seek the help of a professional and do an internet search for companies that offer trade lines. How much does this cost? It depends on what you need. If you are in a position where your credit has all kinds of negative marks on it, your first step is building a road map for how you are going to get where you want to go. And where is that? Most of the time when we ask people that question they say “I want to get an 800 credit score,” which is akin to someone saying “I want to get a six-pack,” and not the kind you drink. Getting an 800 score takes diligent, patient work, years and years of utilizing multiple credit cards flawlessly, having large limits you don’t overutilize, and having multiple different types of credit. But, good news: you can get yourself in the mid 700’s and get approved for the best possible rates (beyond 760 will yield you no better rates and is considered elite level credit). This is why it’s so valuable to purchase authorized user tradelines.

Getting the Most Out of Authorized User Tradeline Programs

Let’s say you’re going to get a surgery where some kind of rod or pin is getting put into place to stabilize a joint in your knee. Does the doctor just fire up the drill and start on your knee? No, there is all types of prep work before the actual operation. Tradelines are like the final portion of any successful operation. You must prep your reports before you put the tradelines on. Any company that sells tradelines should inform you of the procedure before selling them. Any company that says “We Guarantee Your Score Will Jump X Number of Points” should be quickly discounted. Tradelines act different on every report they go on, because people’s credit is as unique as they are. No one starts from the same position. But if we were to give advice to prep for the tradelines, it would go in this order: make sure your accounts are current. Having currently late accounts is the worst possible thing for your credit. Getting them paid current will not give an instant credit boost, it’s more like stopping the bleeding. After this, do you have negatives like collections and chargeoffs that can be removed? Though this may take time, you will want to make sure this is done to maximize the tradelines’ effectiveness.

For example: Let’s say your score is in the 525 -550 range all across the board with Equifax, TransUnion and Experian. You have checked various consumer websites like Credit Check Total, MyFICO, Identity Guard, etc, and though the score may be reported differently by slight degrees, it is still in the mid 500s. You have a few medical collections from your old visit to the doctor which your health insurance was billed for but never paid, and maybe even an old credit card account that was charged off in the last 24 months because you lost your job and you had to make payments for the child support, and you couldn’t balance all of your bill priorities and let it go.

In this example you clearly do not have any other “Revolving” accounts in good standing. As discussed in previously published articles on Boost Credit 101–revolving accounts are the secret sauce to start boosting your score, so you would want to add tradelines to credit.

This is where we come in, and after analyzing your credit report will most likely offer you a fix. In this case it is not a permanent fix but a credit boost that your credit score is obviously much in need of in order to start moving in the right direction. We will offer you the opportunity to purchase authorized user tradelines.  This is the single most effective method which will allow you to move your credit score in as little as 10 business days. The tradeline package usually will contain 2 or 3 tradelines with seasoned age and flawless payment history. The positive payment history that your credit profile currently does not contain since you only have 2 negative accounts. The seasoned tradeline is what you need since your credit is weakened by the old medical collection and a charged off credit card. No new positive data has been reported on your credit profile for over 2 years now and the credit score became stagnant. We will add new positive “seasoned tradeline” to your credit profile so that Experian, TransUnion and Equifax will have to reconsider your credit history and reevaluate your score based on the new account mix. In this case you will still have your old medical collection and a charge off credit card from the medical bills but on the other side of the scale the two-three seasoned tradelines that we elected to report to your credit bureaus as authorized users will tilt the scale to positive movement.

Tradeline Legality and Benefits

 

If you want to get something that helps you, something you very much need, how concerned are you with legality? Well, it probably has a fair bit to do with what you are morally comfortable with, and the risk of getting caught; and, hopefully, consideration of how this affects others. We don’t often get the question of whether or not adding tradelines credit is legal, but it’s something we do want to go over, as you should know if you are getting into business with someone who is willingly breaking the law, or indeed, if you are breaking the law by purchasing tradelines.

Let’s make no mistake, there are plenty of things against the law that can be quite beneficial, or seem beneficial, all the way from insider trading to imbibing on illegal narcotics. You might get a temporary or permanent benefit on the spectrum of illegality, and you might get away with it, but asking are tradelines legal won’t give a simple “yes” or “no” answer, as in some are, some are not.

The Illegal Kind

Primaries. These things are what everyone thinks they want. We get questions all the time, can we add tradelines in the primary position? We believe that there is a bit of stigma around primary tradelines, and since everyone thinks they are the best possible thing under the sun since the production of coffee, what exactly is the primary tradeline definition? Any account that you own, that belongs to you, and shows on the credit reports, is a primary tradeline. For a credit card this means your ownership will say “Individual.” It will say this on all of your accounts that you alone are responsible for. If there is someone else underwritten on the loan, it will say “Joint.” When it comes to primaries, you should add tradelines yourself by getting approved for them in your own name, as paying someone to take debt that doesn’t belong to you and putting it on your report as if it did belong to you, or putting a debt on your report that you are not actually paying for, is illegal. That is fraud, pure and simple, and while you may not get in trouble for this, you are dealing with a tradeline broker who is committing felony fraud. And do you want to do business with someone who, at any time, may have his door kicked down by a financial watchdog entity?

The Legal Kind

When it comes to tradeline scoring, having something in the primary position may give a slight difference in score, but the truth is, if you put positive data on a properly cleaned, or blank, report, the scores will shoot up no matter what kind of data it is. We say this because the only real way to add a new tradeline on your report legally is with authorized user tradelines. These report in the secondary position, and your relationship to these accounts is, we’re sure you can guess, authorized user. What does this mean? The Fair Credit Reporting Act authorizes people to add users to their credit card. This means that the primary account holder is responsible for paying all charges on the card. This is why banks love adding authorized users, as it means more likelihood people rack up charges and incur interest fees. But if you are a tradeline master, you understand that adding authorized users doesn’t necessarily mean that the AU’s get the card. After all, that’s up to you. It’s a very common practice for parents to add their kids to their credit cards once they reach the age of eighteen, where–in most cases if the parent knows what he/she is doing–the score generated will be outstanding and set the young person up to get an approval or two to start building credit.

This isn’t so much about covering the pro’s and con’s of primaries versus authorized user, but here is where the AU tradeline is actually better than a primary, as a person can be twenty years old have a twenty year old account put on their credit. That is not possible with primaries, as clearly a person can’t have had credit since they were a one year old. That raises all types of red flags. Authorized user lines also usually have the benefit of being the cheap tradelines compared to primaries. At least that’s what the seller should have figured out, since he or she is risking jail time by selling them.

The most important thing to remember: primaries are best when you get approved for them in your own name, anything else is illegal business. Authorized User tradelines are the only legal way to add data that doesn’t belong to you onto your report.

So I Get Tradelines? What Then?

 

You’re wondering…how to get tradelines on my credit. If you’re just browsing around the internet, looking for ways to make your credit better, then you have no doubt come in contact with companies that offer tradelines, as, after all, finding a reputable purveyor will inform you how to put trade lines on your credit, which usually means signing on the dotted line and paying a fee. You can, of course, approach a good friend or relative that has excellent credit and ask if you can be put on their accounts, but there are certain pitfulls with this. You are not in control, at all, of that account, so if that person misses a payment or overutilizes the card, then you can land in a world of hurt (read: bad credit). We see people on their spouses accounts regularly that are over 50%, which is causing low scores. So, in most cases, the best answer to how to get credit tradelines is: find a good company. In a land (here) where capitalism is king and companies live and die by reputation, you should really be choosing to work with companies that have a strong online presence, as if they fail to add tradelines to credit report and they don’t take care of you by refunding you or replacing the line, well then you have recourse. If someone takes your money and is just some guy on Craigslist, you don’t have much recourse. There will be many, many people who offer, for a low, seemingly amazing price, to add tradelines to your credit report, but there’s an old Hungarian saying, “You cannot catch God’s foot,” which basically translates to “if it sounds too good to be true, it probably is.” But let’s say you’ve gotten a good tradeline from a good company and you have a good score, now what do you do?

How to get a credit line with au tradelines

At Boost Credit 101 we have a contractual obligation to all paying clients to post tradelines. Our guarantee covers that we will post to 2/3 bureaus (though most of the time it is 3/3), the utilization will be less than 10%, and they will stay on for the amount of cycles you pay for–a cycle is roughly a month. You ask us how to get tradelines attached to your credit and we deliver. Great, grand, wonderful, now what? Well, it depends on what you want to do. Most people have a goal to get some kind of lending. They want to live the american dream of building wealth by purchasing a mortgage and having the value of their property go up as their loan amount goes down, thus building equity and dropping the amount they owe at the same time. Some people want to get an auto loan, get that shiny car they want, or something practical (please go practical, debt is not your friend, but it’s your life and we are here to serve your needs, whatever they may be). Others want to get a personal loan, or even a business loan. The point is, we’ve all got dreams, but we’ve answered and fulfilled your question of how to add tradelines to credit report whatever the reason may be. And now we’ll tell you a little secret, your goal, if you don’t have them, should always be to get approved for at least two credit cards.

You already have credit cards? Great! Keep the utilization low and always, always pay them on time (at least the minimums–this is THE biggest secret to a great score we can give you). You’re asking how to get a tradeline of credit in your own name? Easy, get your score in a good position, and apply to a major lender. The banks are constantly in competition for your business if you have a great score. Keep that in mind on your credit journey. Some cards have amazing travel benefits. Some cards have amazing cash back programs. Some cards have big sign-up bonuses. All of these can be yours if you have that score well into the 700’s.