A tradeline is a record of an individual’s credit history and activity. It includes information such as the type of account (credit card, loan, etc.), the date the account was opened, the credit limit or loan amount, the balance owed, and the payment history. A tradeline provides lenders with important information about how an individual has managed credit in the past and can be used to assess their creditworthiness. Having positive tradelines, such as accounts that have been paid on time and in full, can help build a strong credit history and improve credit scores. Conversely, negative tradelines, such as late payments or defaults, can have a negative impact on credit scores and make it more difficult to obtain credit in the future. Overall, tradelines play a crucial role in determining an individual’s creditworthiness and ability to access credit. one of the fastest ways to boost credit scores.
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21 Nov 2023
When you purchase authorized user tradelines, it’s important to understand the timeline of their impact on your credit score.
Typically, these tradelines will report for two billing cycles, which equals approximately 60 days. During this initial period, you can expect to see a positive boost to your credit score as the tradelines are added to your credit history.
However, it’s worth noting that the positive impact of authorized user tradelines on your credit score will gradually diminish over time. While they can provide a significant boost initially, this effect tends to fade over a 6-month period. This is why it is important to carefully consider your credit goals and timeline when purchasing authorized user tradelines. If you are looking for a quick improvement in your credit score, adding these tradelines can be beneficial. However, if you are seeking a long-term solution, it’s important to understand that the impact will decrease over time.
21 Nov 2023
Tradelines, as you may already know, play a crucial role in building your credit history. They provide valuable information about your borrowing habits and financial responsibility. However, it’s important to understand that the process of tradeline posting typically takes some time.
On average, tradelines take approximately 30 to 45 days to get posted on your credit report. During this period, you submit your order, the tradeline company processes it, and every wait for the credit bureaus to update your credit report with the new information.
While this waiting period might seem lengthy, it’s important to be patient and allow the process to unfold naturally.
During the waiting period, it’s a good idea to continue practicing responsible financial habits. Pay your bills on time, keep your credit utilization low, and avoid opening new lines of credit unnecessarily. These actions will not only benefit your overall creditworthiness but also help create a positive foundation for when the tradelines do eventually get posted.
Remember, building a strong credit history is a marathon, not a sprint. Patience and consistency are key.
21 Nov 2023
Explain renting tradelines as a reference to buying authorized user tradelines. Renting tradelines is a unique approach in the world of credit-building, offering individuals an alternative to purchasing authorized user tradelines. Tradelines are credit accounts that appear on your credit report, reflecting your payment history and overall creditworthiness.
When you rent a tradeline, you essentially pay to be added as an authorized user on someone else’s established credit account. This arrangement allows you to benefit from their positive payment history and utilization ratio, ultimately boosting your own credit profile.
20 Nov 2023
Tradelines lists have an implied expectation of costs, results and a company’s legitimacy. Multiple times, each day, we receive emails stating something to the effect of “please send me a tradeline list” or “provide me a list of tradelines”.
Our opinion on tradeline lists.
One of our sales guys compares this question to medicine. He says, asking for a list of tradelines is like asking for a list of medicine to pick through. Both are horrible ideas. Also, providing a list of tradelines is pure sales. Everyone wants a list, because it makes them feel in control. Therefore, some companies play to consumer’s fantasies of control by offering “lists.” For example:
If you had a list of cars from a car dealer, would that be helpful? No, because you’re looking for a particular vehicle that meets your needs, price range, etc. If they had a complete list of cars you didn’t need, couldn’t afford or wouldn’t meet your transportation goals, what’s the point in the list?
Pro tip:
Don’t ask for a list, make the company provide a specific tradeline package designed for you and your goals!
Put your goals above marketing gimmicks. Make the company tell you what they think you need… don’t do the company’s job for them.
When tradeline lists are useless.
Here are the problems with tradeline lists and some things you should take into consideration before you seek or receive one.
Picking from a tradeline list based on price.
If you pick from a tradeline list based on price alone, you could be setting yourself up for failure. No two tradelines are alike. No two credit reports are alike. You must be appropriately matched in order to receive any useful result from the addition of tradelines. Let’s say you have “enough” money to buy a $4,000.00 limit tradeline with two (2) years of history. Well, what if you needed a $10,000.00 with six (6) years of history. You got a good deal on the 4k, but your scores didn’t go up. It doesn’t matter if you spent $600.00 or $2.00 on the tradeline; you wasted your money. Picking from a list of tradelines can cause you to fall into this trap.
Picking from a list based on age.
The same concept applies to pick from a list of tradelines based on the age of the account. If you can afford only an account with relatively limited seasoning, it doesn’t matter if you got a good deal or not. If the seasoned tradeline is insufficient to achieve your credit goal, it makes no sense to buy it. Again, picking from a list will trick you into believing you are in control over something over which you have no control.
Picking from a list based on the limit.
Similar to picking a tradeline from a list based on age or price, if you pick a line of credit with the incorrect (whether it be too large or too little) limit, you can actually damage your credit score. This is much worse than simply receiving little or no benefit… you can actually make your credit score go down. The basic idea is that if you are bracketed in a certain scorecard, and you bump yourself out of it, your entire credit score will change and refactor your current negative and positive accounts.
When tradeline lists are useful.
There are situations where tradeline lists are useful. Here are a few examples:
You’re a mortgage broker or underwriter.
Mortgage brokers and underwriters look at thousands of credit reports a year. They know them inside and out and have continuing education requirements to keep up-to-date with relevant trends. We provide lists to affiliated mortgage brokers and underwriters as we know they won’t make poor decisions with the information.
You’re a credit repair company.
Similar to mortgage brokers and underwriters, credit repair companies (well, legitimate credit repair companies, I should say) are experienced and are very aware of the beneficial use of authorized user tradelines. They are capable of determining the appropriate line of credit to add to their client’s file. In that regard, we allow affiliate credit repair companies to review our list of tradelines.
Here’s the bottom line.
None of this is to suggest the average person is incapable of utilizing a tradeline list appropriately. You have a life, kids, maybe school, a job (or two), yard work, etc. There’s just no chance the average person has the time and energy to figure out this unbelievably complicated system. In that regard, we view it as a disservice to offer them a tradeline list to pick from. Here’s why:
We recommend connecting with a Tradeline expert in our portal. They will be able to answer all of your questions and, trust me, this will be much more beneficial to you than a list of tradelines.