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.

Is It Hard to Tell the Truth When It Comes to Credit?

 

We live in a culture where the phrase “Keeping Up With the Joneses” can take on several connotations, usually none of them good. If someone is embarking on this Jones endeavor, it usually means they are stretching themselves either beyond their means, or they are simply buying things (cars, watches, clothes) because they are trying to look good for people that don’t much matter to them. Despite this rather Tyler Durden-esque insight (he was right about that), people across the country are always trying to keep up with those Jones folks. This keeping up with the Joneses though…it’s a form of deception. We don’t want to say “lying” because that is a bit extreme, but when it comes to money, it’s not always easy to be completely honest. There are two things that are so personal most people will not discuss it in public: sexual preferences, and money. And yet money is the thing we all need to be able to do what we want to do. It’s what we need to be able to enjoy the sexual preferences we may have. It has such power, that we are very secretive with it. We recently had a person call us saying he had a 785 credit score, and once we told him that was one of the best scores possible, he seemed to become confused about why he was calling, and we certainly couldn’t quite discern why he was asking about tradelines for personal credit. Did that mean he told us a fib and didn’t want to admit it? Possibly. A person’s pride can go a long way to obfuscate the words or conversations that will help them most. We couldn’t even discuss our authorized user tradelines for sale because we never got to that point. But if he had got to that point, what questions may he have asked us? After all, tradelines are pretty obscure topic.

What is a tradeline account?

Anything that reports on your credit is a tradeline, simple as that. Some folks get rather upset that we seem to live in a system where you must take on debt in order to get a good credit score. But…how else are the bureaus, and businesses, supposed to know whether or not you are trustworthy if you have no record of paying things on time consistently. So asking are tradelines good for personal credit is a no-brainer. They are, because they give you that experience, even if you are paying to rent the data. You pay cash for everything? That’s good, but unless you’re Walter White, you will most likely someday need to have the ability to get lending, which is where Boost Credit 101 comes in: adding tradelines to credit. If you are diligent about monitoring your credit, the first thing you would notice when adding a tradeline is that you will get a notification on your credit monitoring service. We recommend Credit Karma, and they will email you saying you have an updated tradeline credit report.

If you are getting that notification and you don’t recognize it, as in you have zero clue what that means, it might mean someone is using your data to open new accounts, which is why you want to be aware at all times of what’s going on with your credit, as asking “what does new tradeline mean?” when you get the notification is a bit behind the 8-ball. If you have paid for the tradeline, then you won’t be surprised. If you are in the market to add them, you may be looking to buy authorized user tradelines, as these are the only true legal way to add history to your report that doesn’t actually belong to you.

Sometimes we get the question if selling tradelines is a morally correct thing to do. After all, aren’t we artificially inflating someone’s credit score with data that doesn’t belong to them? The truth is, sometimes life gives us a raw deal, and the FICO corporation and the banks have zero sympathy for the little guy, so if you’re asking yourself should I be adding tradelines to my credit to get a better score, the answer is simple. Do you want to accomplish your goals, or not? So, bottom line, be honest with us, we’ve seen it all.

How Hard is Adding a Tradeline to Credit Report?

 

The best way to get tradelines is to get them yourself. Let’s play the fantasy game. Do you dream of going to the American Express site and applying for the best possible card they offer and getting approved for thirty grand? Hey, it could happen. But if you have that ability, you’ve probably stumbled onto this site by accident and we probably want to talk to you about how to add people to your tradeline so you can get paid. Here’s where you might be thinking, someone who has that kind of credit profile and income doesn’t need to get paid to add tradelines. Really? When’s the last time you turned down money? Even if you have millions, you can always benefit from more money, more streams of income, unless you’re a billionaire, in that case quit being such a greedy miser and do some charity work.

If you can’t get approved for your own tradelines, well, you can ask a family member, or a close friend, but then you always run the risk of a missed payment on there (which like a cavity in a tooth, ruins it), or high utilization (also negates positive effects and can actually hurt). The best way to get them is to buy tradelines online. Oh, that’s scary though. Right? It can be. The tradeline business is the wild west of lending. It is not something you will ever, ever hear about talking with anyone in the financial industry, not unless it’s a lender who whispers something to you, or passes you a note that says “adding tradelines to credit report” in response to “What Can I Do?” when you don’t have the scores you need. And at that point you might ask what that even means, but it’s just a fancy way of saying adding positive data to your credit reports, though, in pretty much all circles, not just any tradeline will do. No, you need to be adding seasoned tradelines to credit report if you want to see the results you’re after. It’s a bit of a secret because, well, the companies that sell them don’t really want to be too well known, because, frankly, it’s taking advantage of a loophole in the Fair Credit Reporting Act. It isn’t illegal, but the less the major lending institutions know about it the better. They won’t be making changes any time soon, as adding Authorised Users means higher likelihood of more revenue from interest payments. As it is you can see jumps of hundreds of points (not the norm, but not exactly rare as a four-leaf clover either), and this is why adding tradelines to credit reports is worth hundreds, thousands, of dollars. Now, the big question.

How fast can you add a tradeline to your report?

We get this question all the time, and more often we get this one: what’s the fastest posting tradeline you have? People need things done right now, right? No, they don’t. That’s just the culture we’ve come to inhabit. Blame Amazon. Two days to get your stuff if you’re a Prime member? Wow, but now even that is not enough. There’s talk of one day, same day, one-hour delivery. Does this mean you can see tradelines added to credit report 48 hours or sooner? Not too likely, but it is possible if the stars align just right, but it’s not something that should be expected. Normal time for a tradeline is 10-14 days, so we usually say it’s two weeks on average. So, how do you do it?

How to buy tradeline

Usually this will entail you doing a bit of research online to find a company with good reviews and a prominent web presence so you know they are legitimate. The best is if you know someone who has done business with them already. We regularly get people calling us saying so and so referred them. If you’re looking into how to buy seasoned tradelines it’s always better to speak to someone who’s done it first. That way you have a much better idea of what you’re getting into. Being first is sometimes alright, but that’s why the google review system was invented. If you’re looking into how to buy cheap tradelines, or looking into how to buy tradelines at all, then it’s always best to consult those who have come before.

What Even is a Tradeline?

 

There once was a time when the people who worked at Boost Credit 101 didn’t know what a tradeline was. This time can be likened to what it was like when Thomas Anderson (Neo) was inside the Matrix, before discovering that he was, indeed, trapped within a computer program called The Matrix and that his entire life was a lie. Tradelines are just like this. Okay maybe not just, but once you know about tradelines, it can be pretty hard to believe that you believed what you believed before you knew. But wait, you don’t know about them? Or maybe you have an idea, after all, what does tradeline mean on credit report exactly? Well, let’s start with what it means when you have none. Let’s say you’ve never used credit, always paid cash (or you’re very young and just getting started). If you’re lucky, when you look at your reports the scores will just say NA, which means “Not Applicable.” With no tradelines on credit report this is what your report would look like, because anything, anything at all, that reports on your credit, is a tradeline. They are the accounts that you pay on. The most major superlative contributor to your scores. Which leads us to…

How do you get tradelines on credit report?

We have many, many people that come to us asking for help with their credit in severe disarray. The thing that always surprises us the most is when we see inquiries numbering over 20. We’ve even seen inquiries in the 50’s and 60’s. Let us give you a free piece of advice: don’t do that. Credit should not be applied for willy nilly. It’s not like dating, where you ask out one person, get a “no,” and keep going until you get a “yes.” A single decline should be the reddest of red lights, and you should evaluate why, exactly, you got a decline.

A decline (along with the letter) can be one of two things, a devastating end to your dreams, or a wake up call that something isn’t right in your world. Do you need more credit? Do you need to remove negative items, do you need more income (ala be more realistic)? The good news is that of those three things, we can help you with two. The bad news is that the time it takes will go from undetermined (for the income issue), to a fair bit (the negatives), to not very long at all, adding more credit. You might even be able to take advantage of some good cheap tradelines for sale.

Are cheap tradelines enough?

We get a lot of questions about which of our tradelines is the cheapest. Which, as we discussed in a previous post, is kind of…we don’t want to say “wrong”…but it is perhaps not the best way to look at how tradelines can best help you. After all, if you’re looking for cheap tradelines for sale, you’ll find plenty on Craigslist. But do you really want to trust a guy on Craigslist, the place that is known for being about the seediest corner of the internet possible? We know what you’re thinking, but don’t. DO NOT DO IT. They will take your money and you’ll get nothing, or you’ll get some tradeline with a high utilization or missed payments, either one will do far more damage than good. When you’re in the market for tradelines for sale cheap, you can find good, even great deals, but if you need larger limits or a lot of history, then the cheapest lines are not going to be the best lines for you.

Remember that hyper realistic movie “Armageddon” where the astronauts who landed a space shuttle on a moving asteroid had to drill down to a depth of 800 feet to set off a nuclear bomb to save the planet? If they didn’t make that mark, then the whole mission was moot. Adding a tradeline, while not holding planet-wide significance, can be similar. If you need to pull up your score with history, then the cheapest tradeline that’s six months old isn’t going to do what you need. How to add tradelines is the easiest part of fixing your credit, but picking the right ones, that takes finesse.

You Do, and You MIGHT, Need Credit for Things Other Than Lending

 

In the third season of Black Mirror, an episode titled “Rate Me” imagined a future where people rated others just as they might a restaurant. Black Mirror takes the use of technology and the darkest parts of human nature, blends them, and takes them to some wild, and frequently extreme, places. But in “Rate Me” the show explored an idea that seems like it could happen at any time. In fact with the app Peeple, that was exactly the goal, rate others, called “Yelp for People.” You didn’t even need their permission, as by rating someone it would create a profile for them. One UK-based site called it “slander-as-a-service,” and when the idea (before it launched) reached the public consciousness, the backlash was enough to guarantee that its moronic founders had to tuck their tail, reimagine their idea, and basically launch a total dud app. Now, what does this have to with credit trade lines? You might think, not much, but the truth is that credit is increasingly becoming relied on more and more as a social tool rather than a strictly monetary one.

What else is my credit used for…besides getting credit?

You want to borrow money in some capacity (credit cards, mortgage, auto, etc) and you will need to have good credit, or at least sufficient to get approved. That’s common knowledge. It’s big business. Why do you think we have tradelines for sale? Because people like things quick and tradelines provide a shortcut, sometimes a year or more, of time you can cut out of the time it takes to put your plans in motion. But what else could you utilize authorized user tradelines for? How about renting? Most places worth renting a unit from will check your credit. That’s not a far stretch really. Your ability to pay back lenders is a direct correlation to how you’ll be as a renter. After all, it’s pretty much the same thing as a loan on your credit; it just doesn’t show up there, though that may be changing, and there is at least one company that will put rental history on your report (though it only shows to one bureau, and in our experience doesn’t do much to help scores).

How about dating? Can working with a “best tradeline company” really impact your love life? Can your credit really have that much to do with finding a significant other? Around 42% of adults said knowing a person’s score would influence their decision to date someone according to a poll at bankrate.com. Think about it, people can do a lot of things to make their exterior attractive: nice watch, nice clothes, shoes, fancy hair, earrings, lipstick, makeup, etc, but that stuff can be accomplished in a very short time, as long as we’re disqualifying fitness (why do you think fit people are considered “hot”? Because that takes effort and discipline, and this is attractive. Knowing someone’s credit would allow you to see a deep, very important aspect to how someone handles their finances.

There are two things you don’t ask someone about, sexually intimate things, and their finances. There is no other more personal thing you can ask someone. Just imagine a stranger walking up to you and asking what your credit score is. Likely your immediate reaction, if you’re feeling tame, would be “None of your business,” and if not tame, you’d toss that mostly-done latte right in their face, but in this scenario, if your score is excellent, you probably go with the first option. After all, if the question reminds you how awesome your score is, well then you can just be politely refuse to answer, but if your score is bad, then you’re probably a bit more salty. So, in this example, having good credit saves you the price of the remainder of that latte.

Never waste a good latte!

Okay, so now is when you say, whatever, my credit isn’t that big of a deal. I just need it for lending. Well, that’s not the case in China, where they’ve come up with an app that warns people if they come within 500 meters who is in debt. And they are identified in some way, because with China’s new “social credit” policy, calling out and publicly shaming these people is the entire point. But that could never happen here…right? Considering the state of things, and if the government or private businesses like Amazon and Google found a way to monetize it, you can bet that this kind of thing can happen here. Better to be in a place where you are selling your authorized user tradelines vs having to buy them.

Just in case.

What Does the Government ShutDown Have to Do with Credit?

 

How to Utilize Tradelines in case of Emergency

Even if you don’t work for the government, you may still feel the effects of the shutdown either now, soon, or in the future. At the moment only 57% of the IRS workforce is up and running, with more and more calling in sick in protest, and according to the Washington Post, hundreds of employees have been granted absences due to financial hardship. This all gets translated to: your tax refund may be delayed, by a lot. So what? You still aren’t that affected, but that’s now. With much more time being shutdown, the EPA isn’t inspecting food like they should be. TSA is understaffed and will lead to airport deala

On Friday of this week, if the government remains shut down, then that means it will be the second pay period where 800,000 federal workers don’t get paid. The standard response is, so what? These people get paid well by the government, don’t they have any savings? The truth is that median family savings per household in the U.S. is $11,700, and 29 percent of households have less than $1,000 in savings. It’s easy to judge whole swaths of the population–those cushy government jobs, no sympathy–right? But in a recent video a government worker said he was worried about being able to pay rent, credit card payments, electric bill, phone bill, medication, whether or not he can “get food.” Usually we talk about buying tradelines for credit repair on Boost Credit 101, but if you’re in a position where you need to make payments, and your paycheck isn’t showing up because of a stalemate held by rich old white people holding a million people hostage, well then it might be too late for credit repair tradelines to do you any good whatsoever.

Better to have tradelines for credit and not use, than need and not have

It’s the standard analogy, if you find yourself in a situation, say a dark alley (for whatever reason) and you are accosted by one, or several, people who don’t have your best interests in mind, it’s better to have a gun (or taser if you’re into the whole non-lethal thing) than not have one. If the whole world goes nuts or the zombie apocalypse that Hollywood has been tirelessly preparing us for happens, are you going to be happier, or unhappier, if you’ve got a twelve gauge pump-action with plenty of shells stocked up? Credit is exactly the same. Let’s say you haven’t saved much, but, you’ve got a few credit cards up your sleeve that you don’t use much. If you must use them to stay afloat while an emergency happens. It’s much better to have them, than not have them. You might not even need tradelines for a credit boost and are sitting atop a pretty nifty score. That’s good! If that is the case, then this is what we would recommend for you.

Stacking 0% Credit Trade Lines

If you’re a smart person who has good credit, then you should always have at least one card with 0% available to you at all times. Why? Because you should always be taking advantage of awesome credit card offers because you’re able to get them with great credit! Once you’ve engaged in tradeline credit repair, got your boost, and gotten your scores where you want them, then it’s time for you to keep building your credit. And the best way to do that is to have multiple cards, so once a year you should be looking at what the best deals are for new credit card offers. Most of the time this includes a 0% option. There are cards with twelve months no APR, and there are even cards with fifteen, or even eighteen month no-APR periods. A lot of these credit card offers also come with bonus cash offers, like $150 if you spend $500 in three months, or 50,000 points (equivalent to $500 when used for travel).

So there you have it, a way for you to always have an interest free loan just in case things go bad and you absolutely must utilize your credit in case of emergency.

Just Because You CAN, Does It Mean You SHOULD?

 

You’ve Got the Credit, So Should You Use It?

At our Boost Credit 101 offices the other day, we had a young worker who had a friend come into town. This friend wanted to go someplace fancy to eat and suggested one of the more expensive eateries in Denver on Larimer Square, a single block downtown with the most expensive shops and restaurants; it’s so fancy, large strings of lights adorn the space between the buildings, year round, down the block to remind everyone how fancy the area really is. It’s so fancy, that if we had one of our cardholders who sell their authorized user tradelines going anyplace in Larimer Square, we’d strongly recommend not using their card in case of breaching the 10% utilization barrier we set for fear of having the statement cycle and potentially going on someone’s credit report over-utilized. This may sound dramatic, but the menus at some of these places would make your head spin like a football spun on the ground after a Tom Brady touchdown to…whoever can spin the football very fast.

The beauty part is, that this young worker’s friend insisted on going, and paying, so, problem solved, but let’s say you are in position where you’ve got good credit, good limits, and you can go to any of those restaurants, slap that plastic down, and sign your name with flourish as multiple handsome men, or beautiful women, depending on your gender (and preference) look–or even cheer–on from the background. So, should you?

YES you should!

You worked hard to get your credit where it is, or at least paid attention to it diligently over the years and maintained it, or maybe you even googled “tradelines for sale 2018” a few months back and got yourself a fancy credit boost and parlayed that into some large limit cards. Let’s breakdown these two scenarios: first, you’re the salty credit veteran on the high seas around FICO island who has spent that time building it up over time. You’ve put in the work, and you deserve a treat. What’s a hundred bucks in order to feel good for a night? Right? Next scenario, you’re the person with those big limit cards you just got, where before your limits hovered somewhere around the $300 mark (where that $100 was 33% utilization), but now you’ve got yourself a $10,000 card, a hundred dollars on a meal, pshaw, that’s only 1% of the total limit! You have ladies that will swoon, men who will grin and rub their handsomely groomed chins while gazing at you in admiration. Of course you should!

NO you should not!

You have good credit, and you got it there by actually starting to pay attention. You saw how easy it was to destroy your scores, and how hard it was to get it raised. You got the negatives removed, decided to buy credit tradelines, got your scores where you wanted, and got approved for some good credit cards. $100, on a single meal? That’s ridiculous. With proper planning you can make that $100 cover lunch and dinner for an entire week for a single person. That’s one meal versus fourteen, not including breakfast of course. You do not overutilize, you realize that putting every dollar (that you need to spend) on cashback cards is a winning formula for getting ahead in life. Interest? That stuff’s the devil incarnate. Give you locusts and hurricane frogs rather than spend a dime on interest! With the money you save by being frugal, and with that well-earned cash back, you start investing in a Vanguard fund with low expense ratios. You will be financially independent as fast as you can even if you have to ride your bike in the freezing cold to save gas money.

Which one are you?

Hopefully you’re neither of these two extremes. Someone who thinks, eff it, I can put this big dinner on my card because I want to when they really have other expenses to think about is reckless, but perhaps you make plenty of money and this isn’t an issue for you. You don’t need to be on the other end of the extreme and watch every penny. What’s the point of saving and making that money to enjoy it at some nebulous date in the future after all? We do recommend that you always, always pay off your credit cards on a month to month basis, and if you can’t, keep it under 10% utilization. If you can do this, you are on your way to 800. And maybe someday you’ll come to us to get paid what you’ve earned by selling your own seasoned trade lines.

Which FICO Score Model Is the RIGHT One!?

 

In an episode of South Park titled “T.M.I.” the TMI equation equals the average penis size in America, and with the size so listed, a lot of men are angry and, thus, hilarity ensues, until the Surgeon General rearranges the TMI equation, making lower numbers above average, placating all the angry men and things go back to normal. And what does this have to do with FICO scores? Well, here are the main ones: Equifax (BEACON), TransUnion (FICO Risk, Classic), TU also has the Vantage Score model, which is what Credit Karma uses; and Experian, which is the most used FICO model.

What FICO Model Matters Most?

FICO itself has four different iterations: FICO 98, FICO 04, FICO 8, and FICO 9. No one knows how many different algorithms are being used, but latest sources say 50. But which one of these scores is the most important?

If you’re buying a house, and the loan is backed by Freddie Mac or Fannie Mae, it’s the FICO 04 model. You can get into the details here, but be warned, it’s about as fun as dealing with the IRS.

The FICO 9 model is supposed to factor out the paid collections and medical bills, but like the algorithm in South Park’s T.M.I., episode, it’s still the same data, just compiled in a different way. What’s that saying, “you can put lipstick on a pig, but it’s still a pig”? Same thing with your credit reports, even if you get an updated tradeline alert saying something like your score has improved because a collection is no longer factored, well then the score to get the best rates would just be raised. That’s if lenders adopted the FICO 9 model for mortgages, but they haven’t, so FICO 9 doesn’t have much to do with anything when it comes right down to it. And even if you knew what model your lender did use, the algorithm is still a secret. Different sites use different models, so MyFico will be different from Credit Karma will be different from ScoreSense and Credit Check Total, and usually all of these sites will be far different (usually higher) than the scores pulled by any lending institution.

So What Can you Do?

The best way to handle this gigantic, confusing mess is to put your credit in the best possible position, no matter what model they are using. Trying to customize your report to the different scoring models would be like putting nitrous in your car, but if it’s a boat race, well then that fast car isn’t going to win you the race. Better to be prepared for all contingencies. And that means getting the debts you have current, paying down highly utilized tradelines (credit cards), removing negative data, and possibly adding positive data in the form of seasoned tradelines, and above all, stop applying for credit if you keep getting denied. Getting an approval is not the same as flirting with many different people, it is not a numbers game. A single decline should be a giant STOP sign that lets you know you have work to do on your reports. Many times we will get people calling us asking to buy tradelines because they think they will get a 200 point jump when they have past due accounts, overutilized cards, collections, excessive inquiries, or any combination of those things. If your car needs work, say, a new muffler, then putting brand new spark plugs into it won’t do much until you fix the already existing issue. Tradelines are just like that, amazing tools when used correctly, a waste of money if used incorrectly.

The Bottom Line

Perhaps you’re sitting there thinking, I don’t even need credit, maybe the last time you logged into Credit Karma you even got a boost because of a paid tradeline, where you paid the entire balance of a credit card. And that’s good! But if you’re on this site reading this, or searching out terms like “buying tradelines” then you are probably looking for to improve your credit, and, again, if you don’t have great credit and aren’t looking to get any lending done, that means you have plenty of time, which is good, because some credit repair does take a fair bit of time.

1/16 Money Priorities: 3 Things to Keep in Mind Regarding Credit

What are you goals?

What priorities should you have with your credit? Are you looking for lending? Then credit is likely a high priority, but let’s say you don’t need any credit, then credit is not likely to be high up on your list of things you need to take care of any time soon, but this is exactly when you need to be on top of your credit, because you never know when a great opportunity may present itself. Does this mean you need to get with one of the best tradeline companies and add positive history to your report to help boost the score? Perhaps.

If you prepare yourself for adding positive data by removing negative items, it’s never really a bad idea to add good authorized user tradelines, as those will always help put your credit in a better position. The way we like to look at tradelines is this, if you have a boat on the water, let’s say the boat doesn’t have any engine, well what happens to that boat, nothing, it stays right where it is. Now, let’s put an engine on that boat, now it can go, and perhaps go quite far, but wait, let’s say you have anchors on that boat, more than one, out the sides. In this analogy, the tradeline(s) are the engine, negative marks are the anchors. The engine works, but it works a whole lot better if you take those anchors away.

What kind of tradelines work best?

If you’ve done a little research on tradelines, you’re likely familiar with the difference between primary and secondary (Authorized User tradelines). Now primary is when you look at the reports and it says “Individual” under ownership. That means the debt belongs to you. Primary tradelines are what everyone seems to think are the better tradelines. We’ve even had people call us asking if we have auto tradelines for sale because they were told, or somehow came to believe, that you need to have an auto on your report to get qualified for an auto loan. This is not true. Credit is not exactly like a resume, where the job experience you have listed should be similar to the job you want. As long as you have a good score, you should have no problem getting an approval regardless if you have past credit the type you are trying to get approved for. Having your own credit, as in primary (individual) can be a bit more weighty than secondary ownership (au tradelines), but the problem is that primary tradelines put on your report that don’t belong to you, are illegal. It is fraud if someone takes debt that doesn’t belong to you and puts it on your report. This is why secondary ownership tradelines are so valuable. They can have drastic effects on the credit score–we’ve seen jumps of over one hundred, even one-hundred fifty points from a single added tradeline.

Where can you find tradelines?

There are sites and sites in the nooks and crannies of the internet with tradelines for sale. It seems that this wild west of the credit and lending industry is getting a bit more tame. There was a time when you could find a tradeline from just about anyone in any American city by googling “tradelines for sale craigslist”, which you likely still can find, but that’s like trying to buy tickets to a game off the street. You just never know what you’re going to get, and you likely can’t trust anyone out there. If you’re looking for top rated tradelines for sale then you need to find a company that is reputable, has an online presence that you can check reviews on, a contract, and holds your money in escrow while they do their work of posting tradelines. Unfortunately there are a lot of scammers out there, because there’s a lot of opportunity in promising people huge jumps for small sums and then disappearing. But always remember, if something sounds too good to be true, it likely is. This is why we say to make sure you can get someone on the phone when you call, check the aforementioned criteria, as getting cheap tradelines for sale doesn’t necessarily mean you’re getting the best deal.

Do Tradelines Work? 3 Steps to Maximize Effectiveness

 

The answer to this question depends on what kind of work you’ve done to prepare your credit. Like a lot of things that are used ineffectively, or not paying attention to details, you may not get the maximum benefits. If your New Year’s resolution, or any time you decide to make a change to your physical health, is to get in better shape, and you decide you’re going to the gym at least 3x/week to start, that’s a great goal, but if you’re going to the gym and then saying, “Well I went to the gym and now I can eat this entire bag of Doritos” you might not get the best results. Tradelines are just like this. If you just throw tradelines on hoping for a magical score in the upper 700’s, you might get it, but chances are unless you have a blank report, you won’t get that glorious score that can unlock all the pathways to those big dreams of yours. Dreams like owning your own house, getting a business loan, a car, or getting approved for those awesome credit cards so you can take advantage of the amazing bonuses they give out like candy to people with superior credit. Do you want $700 just for getting a credit card? (This is possible with the new Sapphire Preferred card with Chase if you can get approved). The first step is always understanding how something works.

1. How do tradelines work?

Tradelines are credit accounts that report to your credit bureaus. That’s it. There isn’t something secretive about what they are, but there is a bit of a secret as to how exactly they help factor into the FICO score (which we know somewhat how it’s calculated, but the fine details are a secret). If you are adding an Authorized User Tradeline, or more than one, it’s important to know how they affect your score. An AU tradeline is credit card data that you either rent or get from someone you trust. The different categories that they affect (in order of impact from high to low) are utilization, payment history, age, the total number of accounts. This is 4 out of 6 factors excluding inquiries and derogatory marks. This is why revolving credit makes up as much as 60% of your credit score. So how do you prepare yourself to get the incredible benefits tradelines can offer? Well, firstly:

2. Take a look at your credit reports and make sure everything is current:

If you have data on there that doesn’t belong to you, then that needs to be removed. Do you have accounts that you are currently late on? Those need to be made current. We get a lot of calls from people asking us do tradelines really work and we take a look at their reports and they have multiple late accounts on their reports. Think about it this way, if you are late on an account, and we add the same type of account, then how much is that going to help? It’s akin to someone giving you a car and you crash it and put it in your driveway and someone comes up to with a new car, keys in hand. How likely do you think that person will hand over the keys?

3. Remove the negatives

If you haven’t looked at your reports in some time, there is a likely something on there that is dragging you down that can be removed, like these:

derogatory-marks

 

Even having two negatives can make quite a difference in score. On this report the Trans Union has none:

difference-in-score-between-transunion-and-equifax

 

The negatives keep the score lower, but they also provide a drag on tradelines when they get added, preventing the maximum benefit. So these need to be cleaned off as best as possible.

Do tradelines work to boost your credit score?

Many companies will take your money with the promise of getting things removed, but their business models are based on a monthly membership, and they will drag things out 6 months or even a year for something that takes 30-60 days max. Coming to us and asking “do credit tradelines work?” usually gets a “no” from us, not with reports the way they currently are. In this culture where we get instant gratification at the push of a button, people don’t want to hear that their goals may be a few months, or longer, away. But if you take our advice and be patient, we can always get you where you need to be.