Matias is a serial entrepreneur and CEO of many companies that help people. He owns Superior Tradelines, LLC, which is one of the oldest and most reliable tradeline companies in the country.
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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.
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.
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.
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:
Our tradeline inventory changes by hour: We have individual clients and affiliates (third party credit repair companies) that buy our tradelines for their clients. So, it would be impossible to keep a list updated outside of our CRM (customer resource manager).
A majority of the time, clients may misunderstand the credit analysis and tradeline recommendation process and pick at random from a list of tradelines. If you pick, for example, based on price, you might pick insufficient tradelines to achieve your goals. Alternatively, cash packed clients might want to buy the “biggest and best” tradelines and actually flag their file for adding lines outside a reasonable range for their file. The other option is that they might pick tradelines based on the time it reports rather than considering the cost or the effect it will have on the credit scores. In other words, we’ve found that it provides no actual benefit to clients to slap a huge list of tradelines in their face… in fact, it is more likely to hurt them. I would recommend caution working with a company that sends you a list of tradelines and says “pick from this”, because it tends to indicate that they have no real interest in your credit situation, but only an interest in selling slots on authorized user tradelines.
We do keep a list of tradelines on the back end of our site. However, this is only available to affiliates. Even then, they can’t just pick at random. We help them pick, but it just makes the process easier for them based on the fact that they are ordering multiple tradelines at a time.
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.
Tradelines companies are businesses that specialize in buying and selling tradelines. Tradelines are credit accounts on an individual’s credit report, which can include credit cards, loans, and lines of credit.
These companies allow individuals to become authorized users on established tradelines, temporarily boosting their credit score.
This strategy is often used by those looking to improve their credit quickly or qualify for better loan terms. However, it is important to research and choose a reputable tradelines company to ensure a legitimate and ethical approach to improving one’s credit.
Signs of a good tradeline company.
When looking for a tradeline company, it is important to ensure that you choose a reputable and trustworthy one. Here are some signs of a good tradeline company:
Reputation.
Firstly, a reputable company will have a strong track record and positive customer reviews. They will have a history of providing reliable and effective tradeline services to their customers. It’s important to do thorough research and read reviews from other individuals who have used the company’s services before making a decision.
Transparency.
Secondly, a good tradeline company will offer a wide range of tradeline options. This means they should have access to a diverse selection of credit accounts with different credit limits, ages, and payment histories. Having a variety of tradelines to choose from allows individuals to find the best fit for their specific credit goals.
Transparent pricing and terms.
In addition, a reputable tradeline company will have transparent pricing and clearly defined terms. They will provide you with a breakdown of the costs involved in purchasing a tradeline, including any fees or charges. They should also explain the terms of becoming an authorized user on the tradeline, such as how long you will remain on the account and what impact it will have on your credit report.
Experience.
A good tradeline company will have significant experience in the industry. Look for a company that has been operating for several years and has a proven track record of success. Experience not only demonstrates expertise in the field but also indicates that the company has built trust and credibility with its customers over time.
Effectiveness.
Determining a tradeline company’s effectiveness is as important as it is difficult. After all, how can you truly evaluate the company unless the did (or did not do) what they promised. We have an answer for you. Superior Tradelines published a huge study with before and after results with over 1,000 participants. You can see all the scenarios and outcomes.
Customer service.
Excellent customer service is crucial when choosing a tradeline (or any) company. A reputable company will prioritize customer satisfaction and have a dedicated team to address any concerns or questions you may have. They should be responsive, knowledgeable, and willing to go the extra mile to ensure your experience with them is smooth and positive.
Compliance.
Compliance is a key factor to consider when choosing a tradeline company. It is important that the company operates within the legal boundaries and follows all industry regulations. Look for a company that is transparent about its practices and can provide evidence of compliance with the law.
Conclusion.
One of the most compelling things about our company is that we allow you to evaluate us, up front. You can read our study to see potential results, you can read out knowledge base, you can run through our simulator, or you can watch our demo video. Also, a free consultation is just a click away.
Communication Terms
You have rights under the law and, unlike other companies, we tell you about them so you can exercise them. By creating an account on our website through any sign-up form or any other method, you expressly consent to Superior Tradelines, LLC, it’s employees, contractors, agents and assigns (hereinafter “our” or “we”) communicating with you, using any phone number, including a mobile or cell phone number, or email address that you have provided us using any current or future means of communication at our full discretion and transmitted by any available means. Technologies we may use to contact you include, but are not limited to, automatic telephone dialing equipment, artificial or pre-recorded voice messages, SMS text messages, or email, all of which may be transmitted by any available technology. YOU ACKNOWLEDGE THAT YOU MAY INCUR COSTS FROM YOUR SERVICE PROVIDER RELATED TO RECEIPT OF OUR COMMUNICATION AND YOU FURTHER CONSENT TO USE OF THESE MEANS OF COMMUNICATION EVEN IF YOU INCUR COSTS. You understand that you may revoke your consent to receive communication from us by visiting: https://members.superiortradelines.com/opt-out You also understand that it may take up to 48 hours before Superior Tradelines, LLC can acknowledge your revocation of consent.
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.