3. Do you need a license to sell tradelines?
Tradelines fall under credit repair services, so tradeline sales are regulated by Credit Repair Organizations Act (CROA), Telemarketing Sales Rule (TSR), and state versions of those laws and rules. There are no federal requirements for licenses, but there are some state requirements, such as in California.
4. Can I sell my authorized user tradelines to a company?
Yes, some companies will sell your tradelines, including Superior Tradelines. Ask one of our associates about our vendor program for more information.
5. Can I sell my personal authorized user tradelines without an agency?
By selling your tradelines, you effectively become a credit repair organization subject to all those rules and laws. The laws are written in such a way that you become responsible and might as well just become a credit repair company. It is possible, but it is not without risks.
6. Are there tradelines companies that will teach me to buy and sell tradelines?
First find a good company to work with. Use the steps we outlined above to find someone trustworthy and reputable. They will want success for themselves and for you, and they should be training and educating you on all these things because they will profit from educating you as well.
7. Do I need a certain credit score to qualify to sell tradelines?
Not necessarily. The most important thing is that the tradeline that you are selling has a perfect payment history with no missed payments; with the balance never being over the limit; the account is not in dispute status; and the balance of the card during the time of enrollment has to be kept at or below 10%.
You can have bad accounts on your credit report which is OK, but as long as the account you enrolled is perfect, then it qualifies.
8. How much does it cost to hire a professional tradelines companies?
If it’s a low-quality company, you may pay a really low amount but not get much in return. Or the tradeline is so insignificant it won’t really make much of a difference. Then some people overcharge and tack on extra unnecessary fees, and that won’t help you either.
The sweet spot would be a legitimate company that does things in-house and has its own inventory. You could probably expect to pay around $500-1000 per tradeline, but that can vary greatly.
9. If I refer people to Superior Tradelines, will I get paid for the referrals?
Possibly! We have an affiliate program and a referral program available if you qualify. Talk to one of our associates for more information.
10. What is the most important factor in determining the best tradeline companies?
If we had to choose, we would say the most important factor is time in business. If they have operated for under one year, they are just getting started out and just won’t know the industry well enough. After two years a company really starts to know what they’re doing, but we don’t suggest going with anyone with less than 5-10 years of experience. After five years of experience a tradeline company could be considered a legitimate professional.
11. Do you have a reseller program for tradelines?
Yes, we have a reseller program! We call it an affiliate program. This program is designed for people who have clients that need better credit scores by adding tradelines to their credit report.
Credit repair companies, mortgage brokers, real estate agents, car salesmen, etc., are all industries that benefit from our affiliate program.
Once you’re approved for our affiliate program, you can purchase our tradelines for your clients at a flat rate. This rate is negotiated between you and the representative with whom you work at Superior Tradelines LLC. Getting started with the affiliate program is easy, just click the image (and fill out the form shown) below.
In addition to credit repair companies, we also work with real estate agents who have clients who need better credit scores.