17 Jan 2017

Whether tradelines reports to all three bureaus is a question within a question. Meaning, you could be asking what we guarantee as a service provider of authorized user tradelines for sale. Or, you could be asking because your credit goals depend on the tradeline reporting to a particular Bureau. I will address both.

tradelines report to all three credit bureaus

First, if anyone guarantees that they can report all three bureaus, they are lying. In fact, we don’t even guarantee that the report at all. No one has control over this but the banks or the bureaus. What do we guarantee? We guarantee that we will refund your money or offer replacement line if the tradelines do not report to at least two out of three bureaus. Quite often, the trade lines report all three bureaus. In fact, this is part of the testing we go through before we enter a trade line into our inventory. In other words, it is supposed to report all three bureaus. The short answer is that the tradelines should report to all three bureaus, sometimes they report two out of three bureaus. In either of those cases, our services are deemed complete. In other scenarios, the tradeline(s) may only report to one credit bureau or may not report at all. In that case, we will issue a refund or replacement line at no additional cost.

As far as goals are concerned, and whether the trade lines will report to a particular credit bureau, you should not enter into the tradeline arrangement with this contingency. Absolutely no one in the world can control whether the banks and bureaus will do the right thing. In addition, there are things that you could do yourself cause misreporting.

If I overlooked the intention of your question feel free to make comments below and we can drill down into further detail. Thank you!

01 May 2014

If you need to boost your credit score fast with tradelines, that’s a possibility. However, this is not a product which applies in all circumstances. For example, if you have actively reporting collection accounts, the trade lines are to help you. If you have this significantly more negative items than positive, the trade lines are to help they might not over, the deficiency you face in terms of credit. Or other examples include situations in which your credit score and qualify you for a loan, but some particular account or issue in your credit report would cause an automatic denial during underwriting.

fast tradelines

So, if you need to boost your credit score fast with tradelines, you need to consider the totality of the circumstances of your credit file. This can be done by a free credit report analysis by one of our trained experts. We will go through your credit report, line by line. We will ask what your goal is. And from there, will determine whether or not trade lines are a viable option to achieve your goals.

Tradelines are not for everybody or every credit situation, but if you are a potential candidate, will certainly let you know. If we tell you that trade lines are not going to work, you should highly consider our recommendation for alternative methods of credit enhancement, such as credit repair. We want to make sure our services work for clients, sore not to waste time trying to shove around peg in a square hole. If you need to boost your credit score fast with tradelines, let us perform a credit report analysis and help you determine whether tradelines are right for you.

01 May 2014

This is an interesting question. First, in my opinion, the only reason you would purchase a property under business name is for tax or legal purposes… not for credit approvals. Second, it is simply not true that it is easier to build business credit using tradelines. In fact, it is not easier to build business credit using tradelines. The only way that it’s possible to build business credit using tradelines is in the case that you add tradelines to your personal file and then personally guarantee business lines of credit (such as unsecured business lines of credit).

In addition, banks – when considering mortgage lending to businesses – require certain underwriting guidelines such as two years of positive cash flow, equity, etc. Therefore, it is unlikely the business entity will open a door to expedited property purchases and flipping. However, as discussed above, depending on the amount you need, and unsecured business line of credit is a pretty good idea.

I’ve been personally involved in property transactions and have many, many friends in the industry of flipping houses for profit. If they were answering this question, they would say to start out small and acquire experience in the industry before you acquire substantial operating capital. Another tip, look for investors in the area to conduct the same business which you would like to conduct an volunteer to assist them in their next project. This experience, will likely be much more valuable than a bank lending you money.

Nevertheless, there are banks that will lend to you under certain conditions. For example:

business credit for flipping or rental properties

01 May 2014

Approvals for credit cards require more than just purchasing tradelines for sale. Will tradelines help get you approved for credit cards? Possibly. There’s a really two ways to look at this: 1) Manual underwriting 2) Automatic (or computer/algorithm).

Manual underwriting:

I can’t answer you, because I don’t know what’s in your credit report. As a result, I can’t tell you whether or not your credit score will increase enough from adding tradelines to be approved for credit cards. Also, I don’t know with which banks you’re applying. As a result, I don’t know what their underwriting procedures area. So, what do I know? 🙂

Automatic (or computer/algorithm).

In the case of automatic approvals, such as in the case of online applications, you have a much higher chance of approval, assuming your credit scores increase to a particular level. Also, if you have any significant negative items, like charge-offs, late payments or collections for credit card accounts, don’t even both applying until those are resolved. That aside, how do we know what level of credit score is required? Here’s a really cool trick / resource.

getting credit cards with authorized user tradelines

It’s called creditboards. Go to their website, and click on “credit pulls.” Once you’re there, you can search a state, bank, etc., and you will be given results (like the image above) of real people who have recently applied for credit cards. You will see whether they were approved or denied, what credit score they had, the lines of credit their received, etc.

So, once you have this knowledge, you can use our service to add tradelines. From there, you can apply for the lines of credit you’re looking for.

 

24 Apr 2014

Whether its possible to get a 650 credit score with tradelines is a dynamic question. As posed, it’s impossible to answer the question. So, I’ll provide some scenarios in order suggest a possible answer. Obviously, to determine where you can go you need to determine where you are. More importantly than where you are, in terms of credit, you need to know why you are there to begin with. For example, you could have a 500 credit score for many, many reasons. You could have a 500 credit score if you have very little credit and one tiny blemish. Or, you have the 500 credit score because you bunch of credit and the balance of negative to positive accounts results of 500 credit score.

tradelines for a 650 credit score

In the first hypothetical, it’s possible to see drastic increases in score because the positive impact of the added trade lines will not be inhibited by other items in your credit report. In the second hypothetical, the impact an increase in score after adding trade lines to your credit report will be subdued by the other accounts in your report.

So, I guess it’s impossible for me to answer your question. However, we provide free credit report analysis on all client credit reports and after this 10 minute procedure we can answer your question, in fact. While it is possible to reach 650 with trade lines, is not possible to answer that question unless a full credit report analysis conducted.

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