Credit Tradelines FAQs
Credit tradelines is a term of slight redundancy. Tradelines are literally credit accounts on your credit report. So, this term doesn’t necessarily add anything meaningful to this topic. Credit tradelines are sought in order to add positive lines of credit to social security numbers, which results in that account and its details reporting to the individual’s credit report. When that happens, the individual’s credit scores are recalculated. If the accounts added are in good standing (and makes sense given a multitude of factors), the credit score will inevitably increase. Here are some of the most common and frequently asked questions we’ve received:
i’m trying to get a business loan for my business, and i have to personally guarantee it i need to raise my score fast, can you help me
It is possible. We’d need to discuss your overall credit situation to determine if tradelines would help. A credit report analysis is absolutely necessary. Also, we’d like to know from you if your lender mentioned thresholds, score requirements, etc. That would be helpful. Give us at call at 800-431-4741 or email us at info@superiortradelines.com
Thanks!
would like to be apart of this me program.
Perfect! Give us a call at 800-431-4741 or get started at: https://superiortradelines.com/start/
I’m looking to elevate my credit tradeline.
That’s what we do. By all means, reach out to us so we can discuss if tradelines are right for your credit situation and credit goal.
Quick question, I have some old AU accounts that have been terminated since they expired. If I buy tradelines from you guys, would it be better if I got the old expired AU accounts removed first?
Generally speaking, it doesn’t matter. But depending on the particulars of those accounts, I may change my answer. For example, were the accounts in good standing, did they show balances when they were terminated, etc. As with all clients, if you purchase tradelines from us we would first do a complimentary (free) credit report analysis and let you know what we think prior to transacting. But, like I said, the general answer is: it doesn’t really matter if you remove them or not (generally speaking, barring significant issuee with the accounts).
I want to add a tradeline to my credit along w/ the credit history
What do you mean, specifically?
My credit score is 615, I need to raise it to 680 to refinance with quicken and co-sign for my sons student loan. Adding tradeline will help?
It’s possible. Reach out so we can do a credit report analysis, first, and we’ll let you know what we think.
My credit score was Extrememly low because for many years I did not want to get myself in debt and purposely avoided all credit cards and loans altogether. Took me too long to realize the error in my ways (I’m 45). But I do now. In the last few months I’ve added two new credit cards (low credit line to start) to take my score from 500 to 576 which is a start. I keep my utilization low and pay off full balance immediately. I have a decent income of 100k. My questions, if you please, are as follows: Is there a minimum score that you would accept to add a tradeline?; How long does it typically take to have an impact on your score; and lastly, how long do you “rent” the credit for? THANK YOU!!
Julia,
Excellent background and questions!
First, there is no minimum score related to whether or not we would add tradelines to your credit report. The analysis we use to determine whether not tradelines are appropriate is based on what’s in your credit report and whether or not we think tradelines will help. For example, you could have a 655 with a bunch of account (including some negatives) and, because of that, your score might only move 10 or 20 points. On the other hand, you could have a 576 because of limited information in your credit report and you will likely see huge increases in score. So, the question is not what your credit score currently is, but whether we think we can positively affect it with adding tradelines.
Second, the score impact is instant, as soon as the line is there, you have a new credit score. So, the question is how long does it take to add the tradeline. The answer is that it takes about 15 to 45 days (depending on the line selected, when it reports, etc.).
Third, you rent the credit tradelines for about 30 to 60 days. The impact will be the highest at first and slowly diminish over time.
You should check out https://superiortradelines.com/videos/ for more details on those questions.
Also, if you’re like to get started, visit https://superiortradelines.com/start/
i need a eweb site for seasoned trade lnes
I have a credit score in the mid 550s. What tradelines do I need to get to get a 650 credit score for a mortgage?
Whether tradelines can increase credit scores from 550 to 650 is one question. Whether you’d get a mortgage if that happened is another question, all together. Nothing frustrates me more than when I ask a question and someone says “that’s not the question you want to ask.” Well, unfortunately, that’s what I’m about to do to you. But, I’ll also answer you directly.
High credit scores are necessary for mortgage approvals, but high credit scores are not sufficient for mortgage approvals. Meaning, high credit scores, alone, will not get you approved for a mortgage. So, that’s why tradelines should be used strategically and targeted, not recklessly and general.
If you have a 550 credit score, there’s a reason for it, such as collections, charge-offs, etc. So, even if our tradelines increased your credit score to 650, you may have checked-the-box on your score requirement, but you may be automatically denied for the loan because of the collection account (regardless of your new credit score).
So, my answer is that is it possible to get a 100 point boots. But, that’s not the most important thing to consider. Your goal is the highest priority. Whether tradelines help you achieve your goal is the only thing that matters. That’s where credit report analysis comes in.