11 Mar 2019

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.