Between ill-informed companies and individuals promoting false information (due to fraud or incompetence) to rumors created as a result, our clients have a lot of questions. We’ve noticed a continual trend from our clients; they have legitimate questions and have searched hard for legitimate answers. It is clear, Seasoned tradelines and authorized user tradelines are strange animals.
Here are the top ten questions our clients have asked about seasoned Tradelines and authorized user Tradelines.
Question 1: What is this service?
We provide short-term, but quick and substantial credit enhancement by adding authorized user tradelines (or “seasoned tradelines”) to our client’s credit files.
Question 2: How much of a score increase should I expect?
Unfortunately, there is no way to answer this question “generally”. The answer to this question is specific to each individual’s credit conditions, as well as the line(s) selected for them. We’ve seen as few as 20 points and as much as 205 point increases. Score increases from adding tradelines vary depending on a multitude of factors.
Question 3: How long does this process take?
You would expect to see the trade line post anywhere from 15 to 40 days after your close of the transaction. This is due to the reporting schedule of each trade line. We will do our best to provide you with a trade line that posts nearest your close of the transaction date.
Question 4: How long do seasoned tradelines last?
Once added to your credit report, tradelines could remain as long as 7 years, or as short as 3 months. While this gap seems alarming, it’s actually irrelevant.
Why? Tradelines are a short-term fix and you need to capitalize on this benefit as soon as possible. The impact of the tradeline will diminish over time, so you need to utilize the score increase (or “boost”) in a timely manner.
Question 5: What type of tradelines do you sell?
We sell seasoned, revolving authorized user tradelines… and nothing else. No installment, primary, auto, mortgage, etc. Primary tradelines for sale don’t actually exist (legally).
Further, revolving lines make up the largest portion of your credit score, so it doesn’t make sense to add to your file (by purchasing tradelines) anything other than revolving accounts.
Question 6: How do I know what tradelines I need?
Probably the best question a potential client could ask. We have some clients who ask for the “biggest and best” tradeline and some that say “I only have X dollars, what can I get?”. Both situations are the WRONG way to approach a tradeline purchase.
You, specifically you reading this, have a certain need for credit enhancement and your credit report is different from every other person in the United States. Therefore, analysis and expertise are needed to select an effective tradeline for your credit enhancement goals.
Question 7: How much do tradelines cost?
Tradelines range in price based on the age and limit of the line required, usually between $700.00 and $1,600.00 per line. Typically, $700.00 would buy you a $2,000.00 limit tradeline with 2 or more years of age. On the other hand, $1,600.00 will net you a $47,000.00 tradeline with over 20 years of age.
Question 8: How are payments processed?
We use a virtual check system. It functions as an ACH draft and you can see the only checkout page by clicking here. One thing you should know about our payments, as compared to other companies is that we are bonded with a $10,000.00 surety bond providing protection of your funds during your relationship with us. In addition, your money is NOT placed in OUR bank account, it is placed in a trust account pursuant to Section 817.7005, Florida Statutes. We HIGHLY RECOMMEND you read this forum posting by clicking here.
Question 9: Can I add tradelines to a CPN?
No. Not only will we NOT add tradelines to a CPN, if you have one, but we also won’t even add tradelines to your social security number. You won’t trick us by lying about your CPN, we can merge your files, you could face a fine of up to $10,000.00 and we refuse to work with those with such short-sighted goals. Do not contact us about CPNs, please. They’re a waste of time.
Did we miss anything? Comment below and ask.