You’ve probably read a lot about tradelines at this point and you are currently seeking out different tradeline companies to see how they can work for you.

We say it time and time again: Tradelines are great. If you want to piggyback off of someone else’s credit, you can either find someone who has a healthy account or find the right company to get you on one.

The question is, if you don’t know someone with great credit that will allow you to piggyback on them, how do you find the right tradeline company. Let’s explore!

Why Buying Seasoned Tradelines Could Potentially Boost Your Credit

Let’s start out by making sure you understand the basis of tradelines.

Tradelines are essentially authorized user spots open for sale that revolve around credit card accounts.

The Search For The Best Tradeline Companies 

The Search For The Best Tradeline Companies

 

There are four positive factors that make up your overall credit, including:

● Total accounts
● Revolving Utilization
● Payment history
● Age

Then, there are two negative factors that have the ability to negatively impact your overall credit, including:

● Inquiries
● Derogatory Marks

It is important to note that tradelines will stay on your credit account for at least one full cycle, which is anywhere from 25-31 days. Our tradelines at Boost are made to stay on accounts for at least two cycles, which is anywhere from 45-60 days. Of course, we also have tradelines that stay on as long as 60 days.

If you are planning on purchasing a mortgage, for example, tradelines with longer cycles are a much better option. This is because the mortgage process tends to take many months.

On the other hand, if you’re looking to acquire something a bit smaller, such as an auto loan, credit card, personal loan, etc., you could potentially go with a much shorter cycle tradeline.

Finding The Best Tradelines Companies

The best tradeline companies are not the ones shouting advertisements at you. They are not the people who are trying to sell to you through Craiglist without any information to back up what they are saying either.

Proper tradeline companies will provide you with all of the necessary information while disclosing to you what they are guaranteeing and what you are buying.

You’ll find good reviews on trustworthy tradeline websites. They will have all of the necessary contracts to get the deal going. They will also make sure that your money is in escrow for financial security so you don’t get screwed before contractual completion.

Here at Boost Credit 101, our goal is to work with our clients through the process of buying tradelines so that they can feel safe and secure during the process and successful when all has been said and done.

Your finances are a big part of your life and can make or break certain situations. Don’t let some scam-lined tradeline company get in the way of that. Instead, find one that is tried and true.

When you’re ready to take the next step in your tradeline journey, make sure to get in contact with us!