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 on our site trying to learn how to become a tradeline broker. 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 tradeline 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.