Tradeline

Tradeline F.A.Q

What is a tradeline?

In the broadest sense, a tradeline is any account that appears on your credit report. Different types of tradelines include mortgages, auto loans, student loans, furniture loans, jewelry loans, installment loans, and of course, credit cards of all types.

However, if you made it to our website, you may be interested in purchasing tradelines, and that is something a little more specific than this broad definition listed above.

We sell authorized user tradelines, which means you can pay to become an authorized user on someone else’s credit card. This account will then appear on your credit report showing your authorized user status.

Why Would Someone Want to Buy a Tradeline?

Well, tradelines (in the broadest sense) are what make up the majority of a person’s credit report. It does not need to be said why someone’s credit report is important. We all know how important a credit report is. Essentially, everyone wants to have the best credit report possible.

To this end, it is wise to study how tp build good credit. The basic answer is to open credit accounts of various types and make all your payments on time consistently. If you do this, over time, you should have good credit.
By optimizing the factors that go into a credit score, you could eventually even get a perfect 850 credit score.

 

What if I Currently Have Bad Credit?

If you currently have bad credit, turning that around and building good credit is the exact same process. Open new credit accounts of various types and make all your payments on time. It may take longer to rebuild your credit than it originally took to build your credit because those negative marks will remain as part of your credit report for quite some time. You may also want to consider beginning the process of credit repair through our services.

How Can Tradelines Help?

When purchasing authorized user tradelines, when you get added to the credit card as an authorized user, it does not show on your credit report when you were added. Rather, the entire history of the account is reflected in your credit report, with some exceptions depending on the bank.

For example, if an authorized user is added to a credit card that is 20 years old, it will simply appear as a 20-year-old credit card that this person has on their credit report with an authorized user status. Therefore, the credit scoring algorithms often just assume this person has been on this card for 20 years. If the tradeline has a perfect payment history, that is a nice thing to have in your credit report.

Also, while there may be several different utilization ratios at play in the secret credit score algorithm, an authorized user tradeline can play a factor in the overall utilization ratio.

 

Which Tradelines Should I Buy?

In short, you only want to add tradelines that are superior in age and credit limit to what you currently have in your credit report.

If you currently have high utilization, higher-limit tradelines may help with your overall utilization ratios.

You should also know what your average age of accounts currently is. You only want to add tradelines that can increase your average age of accounts in a meaningful way.

Ask about our Tradeline Calculator Services to help you calculate these ratios quickly and easily.

While we do not offer any guarantees on specific results, we do guarantee that your tradelines will report on your credit report. Since everyone’s credit report is so unique, it is up to you to use the knowledge and tools we provide so that you can determine which tradelines would be best for you.

 

Reporting/Posting F.A.Q

Can I Still Add Tradelines if I Have Fraud Alerts or Credit Freezes on My Credit File?

Unfortunately, no you cannot. Fraud alerts, credit freezes, and other types of locks will block new information from showing up on your credit report.   

If you have fraud alerts, credit freezes, or other types of blocks on your credit report and you purchase tradelines from our company, this constitutes a default of the user agreement, and we will not issue any refunds for non-postings in this case. 

If you have fraud alerts, credit freezes, or other types of blocks on your credit report, you are welcome to remove those in advance and then purchase tradelines from our company.

In order to remove those blocks, you must contact each credit bureau individually to ensure that they get removed properly. We also recommend that you wait 30 days after the blocks are removed from each bureau to ensure that your credit file is cleared.

 

How Long Do Tradelines Stay on Your Credit Report?

We guarantee that you will be an active authorized user for two reporting cycles, which is approximately two months. During this time, the tradeline will be reported as an open account.

After the two months of being an active authorized user is complete, the authorized user will then be removed from that account and the tradeline will then appear as a closed account, but it will usually remain on your credit report as part of your permanent credit history. Many banks will continue to report this closed account for as long as 7-10 years, but it may fall off the report sooner depending on the bank.

Open accounts typically hold much more weight than closed accounts, so tradelines should be thought of as more of a short-term maneuver with possible longer-term secondary benefits. In many credit scoring models, we have seen evidence that closed accounts often continue to have an impact on someone’s overall credit picture.

Real-World Example

We have seen a credit report in which the person had a 720 credit score but they did not have any open accounts at all. Their entire 720 credit score was comprised of strictly closed accounts. Obviously, they were all very good accounts, most likely with significant age, perfect payment history, etc, but the take-home message is that closed accounts clearly do still count.

However, it should be noted that closed accounts will have a diminishing impact as time goes on. This is due to the credit bureaus giving weight to the recency of events.

For example, a one-day-old collection account will hurt someone’s credit score more than a five-year-old collection account.

In this example, the five-year-old collection account will have a much weaker impact on someone’s credit score when compared to the impact a one-day-old collection account will have on the person’s credit score.

In much the same way, the benefits of a positive but closed account will also diminish over time.

Tradeline Extensions

If you need a tradeline to stay on your credit report for longer than two reporting cycles, you can purchase extension to stay on the tradeline for as many reporting cycles as you need.

You can purchase unlimited extensions in increments of one cycle with each cycle being half the cost of the original tradeline purchase price.

Extensions may be purchased up to six weeks after the tradeline’s original purchase date.

 

How Many Bureaus Do You Guarantee the Tradelines Will Report To?

We have checked with all the banks we work with and confirmed that every bank on our list does report to all three credit bureaus. However, it is well known that the banks’ and credit bureaus’ reporting of data is often less than perfect.   

For this reason, we guarantee that the tradeline will post to at least two out of the three major credit bureaus. We are not saying that it will only post to two bureaus, rather, we are simply saying that our money-back guarantee is that it will post to any two out of three bureaus. The majority of the time, it does post to all three bureaus, but in the event that it only posts to two bureaus, we did deliver on our promise.   

Often, people ask if we only guarantee that it will post to two out of the three bureaus, can we tell them which two bureaus they will post to? Unfortunately, we do not know the answer to this question, because again, more times than not it ends up posts to all three bureaus.

Whenever it posts to less than three bureaus, that usually implies there was some sort of error in the data transmission either from the bank or on the bureau’s side. We do not know why these glitches happen, but we do know they happen, and they are a reality in this industry.

Therefore, as a consumer, it is best to plan for all possibilities, and this is also a good reason to consider adding multiple tradelines from different banks to hedge against these possible data errors.