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

 

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

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

What is a Trade Line?

 

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

Who Has the Authority to Sell a Tradeline?

 

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

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

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

Where is the Best Place to Buy Tradelines?

 

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

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

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

 

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

Do Tradelines Still Work?

 

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

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

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

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

 

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

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

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

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

Are There Other Easy Ways to Raise Your Credit Score?

 

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

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

 

Is it Hard Become a Tradeline Broker?

 

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

What You Need to Know in Order to Broker Tradelines?

 

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

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

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

What Makes a Good Tradeline Wholesale Distributor?

 

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

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

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

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

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

 

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

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

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

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

 

Pros and Cons of Tradelines

 

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

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

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

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

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

Can I Make Money with My Credit Cards?

 

You’re a responsible adult. Credit Cards? Sure, you’ve got a few. Some of them are even just sitting in a drawer. You are savvy. You are the Harry Potter of credit card rewards. You haven’t looked at a credit improvement simulator in years. You get credit cards now to take advantage of points for trips or sign-on bonuses. Perhaps you have tens of thousands of dollars in available credit that you don’t even use. Perhaps there are cards you forgot you had that the only reason you remember they exist is because you see them occasionally on your credit report. But…besides the sign up bonus, and the slowly accumulating cash rewards (seriously, at 1 cent per dollar, or 5 cents per dollar, thanks for throwing us such generous bones multibillion-dollar conglomerates), you are not getting any benefit whatsoever from these cards besides their consistently growing age and providing your credit report with payment history (if you’re using them), but you can actually get paid money for your great credit. The first step, is to get familiar with an industry-wide term: trade line.

What is a Tradeline?

A tradeline is anything that reports on your (or anyone’s) credit report, a loan (a credit card is a loan, or potential loan if not being used) such as mortgage, auto, student, etc.

If you are looking to get into the business of selling tradelines, what do you need to know? Well, turns out, not too much, but you do have to be on top of a few things.

What Do I Need in Order to Be Able to Sell My Seasoned Tradelines?

In order for your credit cards to be viable as sellable tradelines, there’s a few things you need to make sure of. Do you have a perfect payment history on the card(s)? If not, then they are not usable. It is the payment history, in large part, that makes a paid tradeline so beneficial. If they have even one missed payment, they can do more harm than good. Do you keep your utilization below 10%, as in always? That is a huge part of being able to sell your tradeline credit. We have people–not often, but it happens–who will occasionally try to use their card and pay it off before the statement cycles, and if they miss it by a day, then a large balance can show up, and anything over 10% starts to affect the credit negatively. Usage works in tiers, from 0-9% you will see little to no difference on your report. The next tier is 10-29%, again you won’t see much of an effect, though you may at the upper level of that percentage. At 30% and up is when the score starts to drop. So just to be safe, we have a contractual limit on all of our cards. They must stay under 10%, always always always. Otherwise we have to refund/replace and cardholders don’t get paid and customers get mad and it’s generally unpleasant for everyone involved. And we like it pleasant around here. Finance is stressful and confusing enough as it is.

Do you use your card consistently? This one is the easiest of all the requirements. Using the card(s) is important because having a balance helps the lines to post and rescore the bureaus. One way to have this be consistent is set up a small recurring bill, like energy, or cable, or just put gas on the card once or twice a month.

Just as a general rule, you should be using your cards every month anyway. That is how you keep from losing them. Many people think the card belongs to them, that they own the limit, but that is not the case. The bank graces you the limit on your cards, and can take it away at any time, and often do, if you never use the card. The old saying “use it or lose it” certainly applies here. For people looking to purchase tradelines, an unused card is a worthless card. So, can you use any card as a tradeline?

What Kind of Cards Can I Use to Sell?

Do you have to have something really fancy to be able to sell your AU spots? Do you need to have black tradelines, like the mythical AmEx Black Card? No, you do not. As long as the lender is a major bank, you can probably sell the tradeline. When it comes to Credit Unions it does get a bit dicey, and for that reason we don’t sell those except for special exceptions. Some of the cards we sell are: Bank of America, Chase, Wells Fargo, Discover, Citi, USAA, US Bank, and more. If you have any of these and they have at least two years of history, we can sell them. And if you’re wondering how many authorized users can be on a credit card? Well, that’s different for each lender. Some allow five spots, some allow eight, some allow two. We don’t recommend maxing it out as that can be a lot of activity that may raise suspicion. In the business of selling/purchasing authorized user spots, there’s a fine line between being greedy, and being suspicious.

Making the Big Bucks Selling Tradelines?

 

These days, you really need a side hustle. The days of having a career that lasts your whole life are most certainly over. It’s becoming the case where we don’t have one career, but 5+ careers as things are moving so fast. And how about the fact that there a lot of jobs that currently exist that may become obsolete in the near future. This isn’t a doom and gloom post, more a gentle reminder that it’s important to have multiple streams of income in case something happens to one of them. Just ask the people who had fathers that were milkmen–that was an actual job, a man would get in a truck and deliver milk, and got paid a living wage for it, but that went the way of the dodo when the modern supermarket was invented. So if you are in a position where you only have one stream of income, there isn’t a much more lucrative way to make money than rent tradelines that you aren’t using.

What’s a Tradeline?

“Tradeline” is a specific term for anything that reports on your credit. In the tradeline industry, it usually means authorized tradelines, otherwise known as authorized user tradelines. Every credit card you own has a number of these AU spots that you can add anyone to. When you add someone, the data–age of account, limit, payment history–gets reported to that person’s credit. As soon as it shows, they get a new tradeline alert, along with a (usually) healthy boost in their score. So the question becomes, do you want to go out on your own, or partner with a professional organization?

Working with Tradeline Companies

If you want to sell tradelines, it’s usually a good thing to start working with professional companies. They have the resources to get your spots sold regularly, as it will usually require something more than word of mouth to sell your spots. And they are always looking for people that have legit tradelines, always on the lookout for people who are good communicators who want to find a genuine income stream. And if you’re wondering what kind of credit cards they are looking for. Pretty much any kind, as long as they are with a major lender, have no missed payments, and have some history–over two years is considered a seasoned tradeline.

But, Which Companies are Good Companies?

This is something you will need to research on your own. We’d like to throw our hat in the ring as the best company around, but that’s up to the public. We take our tradeline brokers very serious, and we take our cardholders equally serious. We have contracts in place for every cardholder who works with us, and we don’t hold funds net 60 and beyond. We also hold every payment in escrow until the contract we have with buyers is complete. We have several different tradeline packages that allows us to bundle the lines together so we make sure we get them sold regularly. We also keep our business simple, focusing on people looking for a personal trade, as we don’t do anything with business tradelines. It is by being specialized that allows us to really hammer down getting our postings as successful as possible, so we make sure people get paid consistently.

Bottom Line

Selling tradelines is a much better money making venture than giving away free tradelines, which is something you may do as a favor for a family member, or very, very close friend. Why do something for free if you can get paid for it? And it can be very worth your while. One article claimed you can make $1000/hr by selling tradelines. This may be a bit of an exaggeration. Even if you were the tradelinemaster, it would be difficult, not because the money isn’t there, but because that metric is saying you make that much money by the time you put in compared to the payment you get. It can be several hundred dollars, even up to a thousand dollars a month (or more), but that’s for putting in twenty minutes here and there. The bottom line, there isn’t much else you can do to make money on things (unused credit cards) that are probably collecting dust.

How to Not Waste Anyone’s Time with Tradelines

 

We get a lot of phone calls from people about credit tradelines for sale. Many people ask the same questions, over, and over, and over again. We don’t mind answering the same questions, but the first thing anyone can do is to learn the right questions to ask. The most common questions we get are: how much does this cost, and how much of a boost will I get? One these questions we can answer, because we know our prices, but we don’t know what the cost is for a person unless they know exactly what they want. The second question, how much will the credit jump, is impossible to answer, because we are not the Fair Isaac Corporation. When it comes to tradeline credit for sale, unfortunately all we can do is give our best guess. This might seem very annoying, but the truth is, what in life is really ever guaranteed? Why do you think they have waivers, for everything, these days? Well, lawyers, for one, but businesses need to make sure people are aware, there isn’t much in life that’s certain. What’s the saying, the only things that are, are death and taxes? You want to invest money? There’s no such thing as a guaranteed return. They put people in jail (ahem, Bernie Madoff) for that kind of thing. You need a medical operation? You’ll be signing on the dotted line over and over again before they let you in the operating room. But, fear not, when it comes to offering credit card tradelines for sale, we have become pretty good guessers. But asking the right questions is always the first step.

What kind of questions should you ask?

Asking us how much it costs is a dead giveaway that you aren’t sure what you’re after, because usually this means you’re looking for the cheapest option, and if you’re looking for the cheapest option, usually that means you get what you pay for, unless you have a blank credit report. In that case the cheapest tradelines credit for sale may do the job just fine. A better question to ask is: how can you help me? This let’s us know you have an open mind, and aren’t just shopping around for the cheapest possible option. And this also shows us that you just might listen, when we let you know that every single case is different, and revolving credit tradelines for sale are not a once-size-fits-all solution. Do you need history? Limit? A mixture of both? It is usually that simple. Sometimes one tradeline will do it, and sometimes it requires more than one, or even three.

Another great question to ask is: how long do they stay on your credit? This is when we will ask you what it is that you are trying to accomplish. Most people just think adding age tradelines for sale with high credit limit is all they need, but how long they stay on will depend on their goals. Are you trying to get a credit card, an auto loan, another type of loan like business, consolidation? These types of lending only take an application and you’ll know fairly quickly, usually immediately, so our minimum time on the credit (2 cycles, 50-50 days) is usually sufficient. If you are trying to get a mortgage, then the time frame becomes much more complicated. What kind of market are you in, do you have a place picked out, or are you trying to get your credit up for a pre-qualification letter so you can go looking? If that’s the case you’ll need the lines on for longer. It’s not good when your credit drops in the middle of the loan process. Which leads us to the biggest question of all. How do you get one of these?

How to get a tradeline

We have a fairly simple, streamlined process. We just need to get you our contract (which is available on our site and is part of the ordering process), collect payment, and get your data. That’s if you know exactly what you want. The bottom line in all of this is that we want to have a conversation with you. Ordering tradelines is not like ordering food, where you know what you want and pay someone to give it to you. Tradelines are far more complex.

How Do You Make Money With Tradelines?

In a change of pace, we’ll be covering the other side of the coin in this blog.

Usually we talk about what tradelines can do for you from the purchaser perspective. But…what if you’ve heard people whispering in quiet circles about the benefits of tradelines? Maybe you’ve caught just the word briefly in the air and wondered…hey now, I’ve got perfect credit, how can I get IN on this amazing thing?

Here’s the deal, if you’ve got great credit, you’ve likely built it up over a period of years. If you’re in the habit of paying things on time, all the time, you probably have upper 700 (or better) FICO scores, and have also likely accumulated several credit cards that are still open that you barely use, if at all.

Psst…this is where you’ll want to pay attention.

Selling AU spots on your credit cards is literally the easiest money you will ever make. The only easier money is the kind they slap the cuffs on for. And unless you’re Bonnie in search of your Clyde, or vice versa, we recommend avoiding this type of easy money.

Selling AU spots is totally legal. Now, we get it, when most people unfamiliar hear about them, tradelines can sound shady, you add someone you don’t know to your credit card and you get paid cash money? YOU are the one who’s going to sell tradelines? HO no, no way, you’re not getting involved. What if they get your data, what if the bank comes after you, what if–any other number of boogeymen consequences that pop into your cerebrum–happens??

And here’s a great spot to answer: What’s the worst thing that could happen?

Your credit card gets shut down.

That’s it.

Now in some extreme cases we’ve seen people lose multiple cards with the same institution, but as a rule, getting one card shut down does not affect the cards you have at other lenders. These banks don’t talk to each other. They are in direct competition. Professional courtesy, among banks?? The people in the top floors of the highest skyscrapers with the big names, US Bank, Chase, Bank of America, etc, would rather do anything than help a competitor. Remember the betta? Pretty Japanese fish that must remain alone? Put two betta’s in a tank and one of them isn’t coming out alive. It’s the same thing with bankers from different firms in a boardroom.

No joke.