top 5 tradelines questions answered

19 Sep 2013

Top Five Mistakes Made When Buying Tradelines

I just wanted to start out with the obvious, because there’s a lot of nonsense out there. Of course, it’s difficult to distinguish between nonsense and non-nonsense, hence the purpose of this blog post. We’ve selected from the recent flurry of hokum found on recent Google searches; credit sweeps, credit profile numbers, “everything” tradelines, credit repair confusion and due diligence.

Mistake #1: Credit Sweeps.

Credit sweeps are nothing short of nonsense. The entire idea is premised on the false notion that you can decrease the time it takes to delete negative items in your credit report. It’s meant to imply you can “sweep” away all your problems. That sounds good, doesn’t it? Credit is a multi-billion dollar industry, marred with bureaucrats, lobbyists, credit bureaus, banks, etc.  If you think a guy with a keyboard and a five dollar per month hosting account with the shoddy website is somehow capable of breaking through the web weaved by a multi-billion dollar industry, then I am here to tell you that’s not the case, at all. There are mountains of laws that dictate the manner and speed with which items in your credit report can be challenged. Because no law allows for a shorter period of time than 30 days, by that very principle, no credit sweep is possible (at least not legally).

If you’d like to speak with someone on how to avoid credit sweeps and do things the right way:

Mistake #2: Credit Profile Numbers.

Credit profile numbers is not a new fad, but its popularity is experiencing exponential growth (which isn’t a good thing). Here’s the deal, even if I’m wrong, and those promoting the idea of having secondary credit numbers are right, the truth or at least the reality can only be exposed in the courts. So, consider that when somebody is lecturing you on strawman theory or some other conspiratorial concepts (heck, that may even be right). At the end of the day, they don’t get to choose what’s right or wrong or what’s legal or illegal; the government does. So to the extent that you feel you’re right in pursuing and/or obtaining a credit profile number, please understand that your argument is not with us, it’s not with your friends and family or the business from whom you purchased a credit profile number… It’s with the United States government.
Get started… the right way:

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Mistake #3: Everything Tradelines.

When the concept of piggybacking off of authorized user trade lines became popular, the “I will one up you” crowd took the basis of a working product and applied it (in theory) to other products, despite the fact it made no sense, was not founded in law, nor did they have any real way to operate it. Put quite directly, there is no such thing as seasoned primary tradelines, mortgage tradelines, boat trade lines, business trade lines, auto trade lines, etc. and what I specifically mean is that you cannot purchase these types of trade lines and have them added to your credit report. The reason authorized user tradelines exists at all is the result of complicated federal laws (namely the Equal Opportunity Credit Act of 1974 which was implemented by the Federal Reserve Board regulation B). These laws only contemplate authorized user status on revolving trade lines… nothing else.

If you want appropriately matched for your situation, you should get your free account.

Mistake #4: Using Tradelines as a Form of Credit Repair.

While trade lines are effective in increasing credit scores, you should not mistake adding trade lines with repairing your credit. Adding trade lines to a credit report damaged by multiple negative accounts may not yield any worthwhile results. There is a threshold to consider prior to adding tradelines. The bottom line is adding seasoned tradelines to your credit report is not a substitute for credit repair. The two credit enhancement techniques are most effective if done correctly.

Mistake #5: Not Determining the Legitimacy of the Company.

Anything revolving around your credit is obviously a sensitive matter. If the company with which you intend to work does not secure their website (at least for transferring your data), it’s likely they will not handle your information with care once it’s on their desk either. Check for HTTPS at the top of the page when you’re filling out forms. If their website looks broken, has missing words and misspellings all over the place, I’d imagine this lack of due diligence will also apply to the way they handle you as a client (when we’re talking about your credit, this should be taken seriously). You should also check how long a company has been in business, if they answer their phone (or if they even have a phone, for that matter), etc. Despite popular belief, accepting credit cards is not a sign of a legitimate company. People can steal your money through accepting your credit card as a form of payment just as they could by reaching into your pocket and taking money physically. The form of payment a company uses is not, in and of itself, a way to evaluate the legitimacy of the company. However, when you evaluate the totality of the circumstances, the form of payment may be an indication of legitimacy (or lack thereof).

Again, if you’d like to talk to us about tradelines and avoid the mistakes outlined above (and other), contact us. Inaction will not make your credit better. Let’s talk now!

 

56 thoughts on “Top Five Mistakes Made When Buying Tradelines”

  1. I’ve researched all the “tradeline” companies out there, Superior Tradelines was the only company that I could find that was licensed and bonded and had great reviews. In today’s internet world where anyone can take your money and run and there’s very little you can do about it. I took the plunge, Raj went over my credit reports and told me what kind of tradelines I needed to reach my goals (qualify for a VA mortgage). I purchased the two tradelines he recommended and my scores went up to where I needed them just like he said they would on all three bureaus (590 to over 640 enough for the VA). I was completely convinced. I called Raj back and asked what would it take to increase my score even higher so I could refinance the new Toyota truck I bought 6 months earlier (dealer 21.9% “Ally financial”) was $556.00 for 72 months. Raj again went over my credit reports, he made the recommendations for the scores I needed. With my new scores I went to the credit union I had joined a few months earlier. Now 3.2% @ $576.00 for 48 months. My only regret, that I didn’t get all the tradelines in beginning. Raj I can’t thank you enough. The cost of buying the (my) new trade lines paid for it self, I got my VA mortgage, and I’m paying off my truck 3 yrs. sooner.
    I made money!! Thank you Steve

      1. Hey Danielle,

        I am not sure what you mean. Are you asking whether we use authorized user tradelines vs. primary tradelines? If so, there’s no such thing as buying primary tradelines… the only credit enhancement technique with tradelines uses authorized user tradelines.

        If you meant which banks do we use… we use all banks.

        If I didn’t answer your question, please clarify and I’ll be happy to respond.

          1. Amadeus,

            I checked and the (legitimate) review you mentioned does not contain the word “we.” I think you might be referring to my response to a client’s question (I am the owner of the company, so “we” would refer to my company). That might be the confusion, here.

            I’d also be happy to answer any questions you might have about credit and tradelines.

            Thanks!

  2. Can you tell me if a company called [moderated] is legitimate? They are offering primary seasoned tradelines for sale and a 60 day credit sweep.

    1. I now nothing about the company, but in 6 years in this niche industry, I have never seen someone produce “primary seasoned tradelines” (because it is impossible, and if possible, likely fraud). Credit sweeps are equally as impossible/illegal. Not the best answer, but I hope it helps.

  3. I’m at a stand still ive paid Lexington Law $99 for MONTHS to gain approximately 60 pts.. Now I cant get my score above 598 580 because I have NO money to get major tradelines besides my car I’m financing here recently and WHO knew that toke points off my score..

    How does someone on a fixed income** get above this low score plague?
    LITERALLY no one will refinance me or give me a chance to get a credit card to start boosting my credit.

    Why do I feel my peoples curse so much.. 🙁
    #PityParty

    1. Even though your situation is serious, I can appreciate that you have a slight sense of humor about it, because your attitude is critical if you want to overcome adversity. You raise a good point, but I want to clarify something. It appears you suffer from an income deficiency, which metastasizes as a symptom in your credit situation. I would work on maybe getting a raise or a higher paying job. Maybe do some side work on fiverr.com if you have some kind of skill you can sell. I would focus like a laser beam on income. The credit part is easy. It is truly the income part in your situation that will keep you down. Once you get on your feet financially, we can help you with the credit part. Stay positive and focused!

  4. Okay so I don’t think I quite understand. I am somebody who doesn’t have any credit. I can’t even get a credit score because I don’t have enough credit history I’m looking into purchasing two tradelines. Both with a limit of about 7000 – 10000. I believe the guy said they were open for about a year or they have another year left or something like that and he wants to charge me between 1100 to $1,500. I want to use my trailer for a cosmetic surgery that would cost between 3 to 5000 do you think this will be a good idea or is it a load of crap

    1. Hmmm… it’s complicated. I think if you separate the issues, it’s easier to answer. So, you have credit questions and goal questions. If you add tradelines to a blank file, your scores are going to shoot through the roof. There’s no question about that. However, whether “high scores” is a sufficient prerequisite to achieve your goals is another question. And, unfortunately, I can’t answer it. Hope that was helpful!

    1. Yes, but… it depends on how long after the bankruptcy. I often tell clients that their credit scores are going to increase when you add tradelines, no matter what, but… what does it matter if the score only increase to an insignificant extent? For example, if we got a 100 point boost for you, would you be happy? Sure, if it was 600 to 700. But, what about 450 to 550? The former would put in you prime markets, where the latter is unqualified for any lending (not even sub-prime markets).

      So, what does this have to do with bankruptcy? Well, immediately after backruptcy (assuming it was successfully discharged), you’re actually in a pretty good credit situation… on paper. In reality, you’re going to have to fight creditors who are ignoring the discharge, among other issues we face in an imperfect life. So, my first recommendation is to wait about 6 months before employing credit enhancement techniques, such as authorized user tradelines. During that time, you’ll want to make sure items are addressed (such as being removed if they are improperly reported).

      Then, once you’re in the clear, yes… you’d be in a great position to benefit from tradelines. Now, there’s one more layer:

      Your scores could go through the roof by adding tradelines to a clean file (clean, meaning, discharged debt). However, there are underwriting guidelines which can prevent you from securing loans, even if we boosted your score to the 800s. For example, suppose you want a government backed loan, such as an FHA or VA mortgage. They have strict underwriting guidelines which may cause an application denial, despite an 800 credit score… just because you had a discharged bankruptcy within the past [insert date here, as the guidelines change].

      So, the answer to your question is “yes.” But, proceed with caution even that it’s true.

    1. Hey Jay, this will seem like I’m avoiding your question, but it’s actually the correct answer: Your question can’t be answered as posed, especially applied to different types of funding, are you doing them all at once (purchasing power issues, etc)? In fact, your question starts with your goal, then your credit then tradeline (it’s actually the last question, not the first and your question’s answer depends on those first two question’s answers).

      For example, suppose you’re only trying to get a mortgage and you’re 10 points short. This means you likely do not have many negative items (otherwise you’d be further away, score wise). This also means (if you’re at this stage of a mortgage process), you likely have the income required to close. So, tradelines are going to work, easily. But, which one? Do you have very little on your credit report? If so, you’d need a very small, inexpensive tradeline. Do you have tons of accounts, borderline (approaching 30%) balances, etc.? If so, you may need multiple high limit, low balance lines.

      The point of this narrative is that tradelines are like medicine; you can’t just ask the doctor how much pills cost 🙂 They need to be “prescribed” based on need.

      So, the best I can do to answer your question… The lowest you’d expect to pay for a tradeline is $550.00 (if we have aggressive deals coordinated with salespeople, vendors and management, which is rare) and those prices can rise to over $2,000.00 for a package of tradelines.

      Not sure if you will recognize how helpful that answer was, but… it was. You should get a credit report analysis and our experts will tell you what they think is best for you (even if you don’t buy a thing).

  5. Hi I’m Fabian. I’m trying to buy a truck.. my credit score is a little over 700.. but I don’t have a big line of credit or lone on my credit. What kind of tradeline would work best for me and how much would it cost?

    1. Hey Fabian, I just assigned you to one of our experts who will reach out to you. You might want to register on our site, so you can access the options they will present. You can register here: https://superiortradelines.com/start/

      As for your question, I cannot answer it without first looking at your credit report. There may be a situation in which tradelines are not an option, or it might be a simple and inexpensive venture. There’s not way to know until a credit report analysis is conducted. We do this at no charge. So, please contact us at 800-431-4741 and/or wait for our expert to contact you via email. Thanks!

    1. As far as tradelines, nothing. 🙁 We actually pay some of our card holders more than $200.00 per client. In fact, if a “company” is selling tradelines for $200.00, I wouldn’t buy from them, because they’re obviously cutting corners (if not entire chunks of business operations) somewhere. At the end of the day, everything – and I mean everything – cost “money” because human beings are involved… you’re paying for other people’s time and labor. For example, tradeline experts to make recommendations, business owners to manage, hire and train, legal representation, business infrastructure and operating costs (website, servers, phones, office, taxes, etc.), among other things. So, the question is, can I get all of these people involved to do something for me for $200.00 and the answer is, unfortunately, no. If you’re buying tradelines for less than $500.00, there’s something wrong (or someone is doing you a favor for a separate reason, like closing a loan through which they will make even more money). If I can make a suggestion, you should focus on your credit goal first and determine how much tradelines can save you (which could be tens of thousands over the life of a mortgage, for example). So, put your goals – not the price of tradelines – first. Then, you’ll have a clear focus on whether or not tradelines are appropriate for you.

  6. If I currently have a credit score of 420 but want to purchase a home within the next 90 days, would a trade line help me in such short timeframe?

    1. Probably not. But, sometimes I say “it depends on WHY your credit score is X.” But, in the case of a 420 credit score, I am sure there are negatives on file that will be a show-stopper at underwriting (no matter how high your scores go with tradelines). In addition, I doubt tradelines will be effective at all because to have a 420 credit score, there must be actively reporting collections or charge offs which will drastically limit the positive impact you would otherwise receive by adding tradelines. But, then again… you need a full credit report analysis and we need to talk about your lender, because maybe they have a specific underwriting procedure which may work. So, please call 800-431-4741 or email us at info@superiortradelines.com (if you haven’t already).

  7. Robert this is interesting information as I am looking into buying a house within the next few months to a year. My credit score is at a 618 on experian and I have a few outstanding items that are on my credit. I have been told a lot about tradelines and looking for the right place to invest to boost my credit score. My question is what is the best tradeline to purchase in order to boost my score 100 to 200 points within a few months? Will my score stay the same once the tradelines are removed from my credit? I will wait for response prior to investment. thanks!

    1. Hey Will,

      Right off the bat, don’t buy tradelines… yet. Tradelines are a short-term fix, so they should be timed with your credit goal. When you’re about 30 days out from a mortgage application, that’s when you should consider tradelines. On this topic, I’ll take your last question, next. We made a video out of this question: https://www.youtube.com/watch?v=_fi9JZxNgBQ So, be sure to check that out.

      With respect to the amount your score will increase, we’ve made a video about this as well. Please see here: https://www.youtube.com/watch?v=NA2mwzireUo Also, we’ve written about this topic, here: https://superiortradelines.com/add-tradelines/score-increase-adding-tradelines/ here: https://superiortradelines.com/forum/know-scores-increased-adding-tradelines/ and here: https://superiortradelines.com/forum/will-tradelines-work-charged-off-unsettled-accounts/

      So, while your questions are perfectly reasonable, I think our answers will always begin with “it depends…” As stated in the video, a real answer requires a discussion with you and a credit report analysis, which we do for free.

      So, please give us a call at 800-431-4741 or get started at https://superiortradelines.com/start/

      Thanks!

  8. I’m looking to have a credit analysis done and also needing a recommendation on how to fix it and if a tradeline will be helpful to achieve the new car loan I’m wanting.
    How can you help me with this Robert

    1. Gabe,

      We do this about 100 times a day. Simply call 800-431-4741, get started with tradelines here, or email us at info@superiortradelines.com (or if you want to work with a particular staff members its just their first name @ superiortradelines.com like raj@, mike@, alicia@, etc.). Credit report analysis takes about 5 minutes, so once your on the phone (and assuming you have your credit report on hand), they can do it right there with you.

      After that, you will know whether we believe tradelines can help.

      Thanks!

  9. Hi. I have a credit score of 620 with 3 small credit cards with 40 percent credit utilization. I also have 4 small charge offs on my credit. Since i dont keep my cards really low my credit fluctuates between 620 and 640. what im trying to say is that i want to get a card with a limit over $10,000 so i can lower my utilization and increase my credit score for a future mortgage. what do you suggest? thank you

    1. Hey AJ, that’s an interesting one… So, depending on how “small” these cards are, 40% utilization is only 40% of that “small” amount. Therefore, you may be better off paying down the balances rather than buying tradelines. On the other hands, if they are really small, you may have boxed yourself into a “score card,” which treats you like a young person who – in the eye of credit modeling – doesn’t deserve large limit cards. In that case, you may be better off buying tradelines. If, however, your only goal is to qualify for (and maybe reduce rates for) a mortgage, paying down your balances should do it (the $10,000.00 tradeline may no be necessary if this is strictly a score related issue).

      Since I started most of my sentences with “if” and “depending,” I would recommend you treat the above information as a hypothetical discussion. You would be better off calling us at 800-431-4741 or emailing us at info@superiortradelines.com so we can perform a credit report analysis. This will give you an exact (or as close as we can get to exact) answer to your question.

  10. Never had anything in my name or tried to build my credit but now I want to buy a home. Is it possible for tradelines to help my credit score go up so I can get a mortgage loan

    1. Based on what you just said, most likely, yes. However, a full credit report analysis is required before we can make a tradeline recommendation. We just recently launched this tool, which you can try: https://superiortradelines.com/tradelines-credit-simulator/

      It will help you understand the tradeline process. You should call us at 800-431-4741 or email us at info@superiortradelines.com for more details (its important to get specific advice given your credit situation).

  11. Hi Robert,

    My primary credit issue at this point is the age of my accounts. I have 7 open accounts (4 credit cards with 30k in combined limits, a store card, a mortgage, and an auto loan). I have no collections or judgements. The only negative item on my reports is a reported rolling mortgage late from September 2013 through October 2014 on my previous mortgage. All payments from 11/14 to date have been on time. My Average age of open accounts is only 2 yrs 6 mos, and my current FICO 08 scores are in the 705 -714 range. My older FICO scores are 660 on the low side and 689 on the high. I suspect that adding AU accounts with significant aging would have a favorable impact to my scores. Do you think the impact would be significant?

    1. Hello Brendan! What debt to credit ratio on your revolving? Also, was the late mortgage rolled into a new loan (as it paid off then a new loan started) or did you simply start paying on time again? With the information provided, I do think you could benefit from tradelines (as in, your scores would increase), but it really depends on what you’re trying to accomplish. So, what is your goal?

  12. Hi my score is 612 currently & I need at least 640 for mortgage loan. My credit card utilization is <31%. I do have anout 7 negative accounts. I need my score to be 640 fast so before they sell my house to someone else. would tradelines work for me?

    1. Tracy, I don’t know. 🙂 But, I may have a better answer after we review your credit report. You see, if those 7 negative accounts include issues with mortgages or federally back loans, it doesn’t matter if your credit score shoots to 780; you’d still get denied by underwriters. Also, is that <31% utilization closer $500.00 of debt or closer to $50,000.00? One shows more risk than the other and, therefore, one has a larger impact on your credit than the other (not to mention you could just pay off the $500.00). The recency of those negative items also plays a part. I could go on, but the bottom line is that we'd need to see your 3-bureau credit report before we could make any definitive statement on tradelines.

  13. my question is, I have a credit score of 678….I want to get a higher line of credit, however, I have a lot of credit cards all not so high balances, im at about 35% of my credit to debt ratio, no late payments…I bout a car at 7.6 interest rate and want to refinance in a couple months…would it be smart to buy a trade-line? I also am looking to purchase a home. last question is I have boosted my daughters credit who is 18 by her using me as a trade-line. how long does trade-line last? if I took her off as an authorized user would her score remain the same? I myself want to see my score in the high 7’s maybe 8 versus the high 6’s! I am ready to purchase just wanna make sure im making the right decision and be at a stable number!

  14. Hi. I had bad credit before I was able to build credit. A friend of mine has a credit repair company, and did a “credit sweep” for me. Everything negative has been removed, now I have nothing on my credit report. Now my TransUnion has a zero score, and Equifax says 586, which has went up 78 points since the sweep. I was told to now get a tradeline. Is that wise? Will the sweep somehow come back to bite me? What should be my next move? I am not looking to purchase a house, unless something happens to fall in my lap. I don’t need a car, I just wanted to repair my credit and eventually work on business credit.
    Thanks for any input.

  15. What’s the option for just wanting a higher score. I don’t have a real goal besides having the option to use my credit when I want. I’m at a 615 now. 5k worth of available credit. Combined balances of $300. 12% I believe. But I would like a 10 or 20k card. Also I would like yo have the option of getting some good private student loans for grad school. In your opinion what would be my best option?

    1. Hey Martin, you asked three different questions:

      1) As to “just wanting a higher credit score,” I don’t think authorized user tradelines a good idea in that case, because the boost you will receive will go away. Therefore, if you aren’t in a position to capitalize on that boost, you will have wasted your money. The good news, however, is that if you have time, you can build your credit on your own. In reality, people buy tradelines to make up for lost time (years of payment history, etc.). Since you have the time, continue doing what you’re doing and your credit score will increase.

      2) Why do you want a $10,000.00 or $20,000.00 credit card? Just to have it? For score reasons? Are you going to use it? Depending on why you want that, I’d have different answers.

      3) I think student loans – if you will pardon me – is the opposite of a good idea, especially in terms of credit. It reminds me of a quote from one of my favorite movies:

      “You wasted $150,000 on an education you coulda got for $1.50 in late fees at the public library.”

      ― Matt Damon, Good Will Hunting

      In all seriousness, you should pursue any and all educational goals you want, but think long and hard about whether there will be a return on your investment, because that’s exactly what it is… an investment.

  16. I have a question… I have went through the majority of your replies to the questions others have asked. Would you say it would be better to pay off charge off’s or debt you owe to banks ( get them resolved) then come to you all for an analysis? I know that i owe on charge off accounts for credit cards and one bank. I also know that regardless of a trade line temporarily increasing my score, i would still show that i can not be trusted with paying back. Paying things off… Is that the best thing to do first? Also, if paid, do they still look at wow, look how long it took her to go and pay it off, she must need something lol
    Oh one last thing, paying off charge off’s does that increase the score?

    1. Super good questions!

      First of all, a charge-off means a lender who held the debt has considered it a loss for lack of payment. They’ve written it off as a bad debt and usually turn over to a collection department or sell it to a collection agency. The original charge off should report as a zero balance on your report. The continuing collection efforts will report as a collection account. So, when I use the words “charge off” below, keep all of that in mind.

      SIDE NOTE: Regarding pursuing your interest… the charge off is there, what interest do have it paying someone who is actively hurting your credit and will continue to hurt your credit even if you pay them? So, if you have no immediate goals (such as a mortgage, car, etc.), why would you pay them? You were in the wrong for not paying them. But, they’re in the wrong for attacking you for it. In other words, I think lenders and borrowers should come together long before something goes to collections or gets charged off.

      Now, that’s more ego thinking that productive thinking. So, let’s change that focus:

      Bottom line, unless you have like 7 to 10 years to wait for it to fall off your report, you’re eventually going to have to pay it off anyway to have it removed (or update the payment status). And, I do not agree with you that it shows you can’t be trusted for repayment. If you were going to lend money, would you pick the guy with a paid charge-off or an unpaid charge off? So, the goal at this point should be to do it as soon as possible and as inexpensively as possible. Yes, there are tricks out there to dispute charge-offs, but it’s a crapshoot and perhaps a waste of time if you have an immediate goal. Depending on the age of the account, you should start an offer at 20 cents on the dollar.

      Gosh, you ask interesting questions. I suppose FICO has some algorithm which considers how long it took someone to pay off their charge off. However, that’s like questioning whether a tangent to a parabola ever reaches zero. That answer is no, but who cares 🙂 It’s so close, there’s no practical difference. In the same way, you’re probably right that the longer it takes to pay a collection the worse it is for your credit. But, I bet the difference is so small that it doesn’t even matter.

      As to whether paying off charge-offs increases your score: Well, yes, but I want to say it a different way: A paid off charge off decreases your score less than an unpaid off charge off.

      Also, an unpaid off charge off really prevents tradelines from working. But, a paid off charge off allows tradelines to work much better. Suppose you’d get 64 point boost from one tradeline with no charge off accounts. An unpaid charge-off would make that more like a 6 point boost. A paid off the charge off would let you get about a 45 point boost. NOTE: I’m just making up those numbers for illustration purposes.

      Finally, to answer your first question last, it’s never a bad time to contact us, because we do free credit report analysis and may be able to help you, even if tradelines aren’t right for you, yet. This will help you get on the correct track faster than before you called us. The most important reason to pay charge offs and collections is that while we may raise your credit scores, lenders could still deny your loan even with sufficient credit scores simply because you have charge off or collections on your file.

      Hope that helped. Let me know if you have any other questions!

    1. Hey Chad, no, we cannot. Actually, we “could,” but we would never do that because it would hurt you, not help you. We wrote a blog titled: “Don’t buy tradelines if…” with a bunch of scenarios, which you can read here: https://superiortradelines.com/tradelines/tradelines-wont-help-credit/

      Number 1? “…if you’re strapped for cash.” We wrote:

      #1) If you are strapped for cash, don’t buy tradelines.
      Sometimes we have clients with the best intentions in the world. They ask if we can do payment programs. Or, even more extreme, they ask if they can pay us after they get new lines of credit and they will charge our fee to their new lines of credit. While we applaud and appreciate this creative thinking, our position has always been this: if you can’t afford the tradelines, you can’t afford the payments on the lines of credit you’d acquire as a result. It’s not that we are playing hard ball negotiations. On the contrary, it’s that we care about our clients and would never want to put them in a financially unstable situation by getting them into credit lines they can’t afford.

      Hope that makes sense and is helpful.

    1. Probably. Are the student loans in good standing? Revolving lines of credit (like the tradelines we add) make up a large portion of your overall credit score (some say as much as 40%). So, when you add those with no negatives to counteract the positive impact, you should see pretty substantial gains. If you haven’t already, create a free account here: https://superiortadelines.com/start/ and we can talk more openly and securely.

  17. I’m currently involved in the home buying process. I don’t have a rich credit history, however I pay my bills on time . Recently I defaulted on a student loan (5) they reported 5 payments 90 days late . They are all currently in Forbearance . Other than that very minimal debt ( maybe $1100 ) . That default dropped my score almost 100 pts , I need to regain about 100 pts in 6 months , is that possible

    1. It’s probably possible to gain 100 points within six months even without trade lines. However, trade lines will certainly speed that up. In your case, however, you have what’s called an underwriting guideline issue. So, for example, even if your score went up 100 points or 200 points, a lender could deny your loan because you’ve defaulted on a federally secured loan. In that case, you need to consider what you’re doing and a larger scope. Meaning, don’t just focus on score. We can help you with just score. But, in your case, you need to be talking to the lender and making sure that if your scores are sufficient, everything else is fine.

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