How To Get Tradelines
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Buying a tradeline is a tried-and-true strategy for boosting credit scores in the short-term. However, you might find the process of buying a tradeline to be foreign and complicated, especially if it’s your first time doing so.
In addition, you might not know whether to trust the seller of a tradeline. Some companies may be trying to scam clients by making false promises or overcharging for a low-quality tradeline.
In this article, we’ll share exactly how to get tradelines from the most reputable online vendor, Tradeline Supply Company. As you’ll see, the process is quick and simple, and anyone can get started immediately. We’ll also answer other frequently asked questions about tradelines to make sure you’re fully prepared before entering an agreement.
How To Get Tradelines
Overall, getting a tradeline usually involves the following steps:
- Find a reputable tradeline company. For online tradelines, our top recommendation is Tradeline Supply Company. Be sure to research other companies thoroughly if you decide to work with them.
- View available tradelines by navigating to their website or going to their physical location. Nowadays, more and more companies are posting their listings online for convenience. This lets you easily browse through hundreds of tradelines.
- Choose the right tradeline for you. Not every tradeline is created equal. You will have to compare and contrast different options to pick the best one for you. We’ll discuss this more throughout the article.
- Checkout. Pay for the tradeline and sign any necessary paperwork.
- Check your credit score for verification. There are multiple ways to get your credit score for free. Make sure the tradeline posts during the reporting period. If it doesn’t affect your score, some companies do offer a full refund.
As you can see, the process of buying a tradeline is not difficult. However, the third step of choosing the right tradeline for you is definitely the most challenging part. We’ll discuss this more in the next section.
Getting a Tradeline at Tradeline Supply Company
Suppose that you choose Tradeline Supply Company and navigate to their website. There, you might see a page that looks like this:
Each listing has a number of columns. Specifically, you should pay attention to the following:
- Credit Limit: A higher credit limit can pull down your total credit utilization, which should significantly increase your score.
- Date Opened: The longer a tradeline has been open, the better. Part of your credit score is “Length of Credit History,” so purchasing a more established tradeline will bump up the average age of your credit.
- Purchase Deadline: You must purchase the tradeline on or before this date in order for it to appear during the Reporting Period.
- Reporting Period: This is when your tradeline will show up on your credit report. From there, it should stay there for two reporting periods, or 60 days.
- Price: In general, the better the tradeline, the higher the price.
Consider all five of these factors before deciding on a tradeline. Depending on your circumstances, you might prioritize one factor more than another. Here are some common scenarios:
- If you’re planning on applying for an auto loan in a month, you’ll want to make sure the reporting period for your tradeline is relatively soon. On the other hand, if you’re not applying for an auto loan until three months later, shop for a tradeline with a later reporting period.
- If you have a long credit history but high credit utilization, prioritize a tradeline with a higher credit limit. On the other hand, if you don’t have much credit history, it makes much more sense to prioritize a tradeline with the oldest date opened.
Once you finalize your selection, you can easily add the tradeline to your cart and checkout.
Customer Testimonial: Peter Fuller
Peter Fuller wrote this review of Tradeline Supply Company on Google:
I don't normally do reviews but I felt I had to give credit when do. I started with a credit score of 645 and with just 1 tradeline with tradeline supply with a 19 year history my score went from 645 to 813 the day the tradeline hit my credit report. Needlessly to say I was overjoyed.
Peter’s review shows how powerful buying a tradeline can be if your credit file is still relatively thin. Adding a strong tradeline with a 19 year history of perfect payments instantly skyrocketed his score.
Peter’s results may not be indicative of your results. However, this does show that such large score increases are definitely possible. A tradeline from Tradeline Supply Company or any of our top 5 best tradeline companies may help boost your score by over 100 points as well.
How Do Tradelines Work?
According to the Consumer Financial Protection Bureau, a tradeline is a credit account along with all of its associated information. Tradelines are regularly reported to the credit bureaus, who then display them on your credit report.
Buying a tradeline means that you’re asking someone else to add you as an authorized user to their account. This gives you the full benefit of their account’s credit history, which can significantly increase your credit score.
Are Tradelines Legal?
Yes, tradelines are legal. Despite this, you may have seen other sources question both their legality and morality.
It’s perfectly normal to question anything that’s branded as a quick fix to your credit score. However, there are no laws prohibiting you from using a tradeline to “piggyback” off someone else’s good credit. In fact, this concept is known as credit piggybacking, and many creditors actually encourage it.
For example, consider credit card companies. They commonly encourage their customers to add family members as authorized users to their credit cards. This makes sense, as this can potentially increase usage of their products.
On the other hand, when someone buys a tradeline, they typically aren’t planning on actively using the account for anything other than a score boost. In this case, since the creditors don’t benefit from this arrangement, they are less likely to approve of this practice.
So in reality, both adding a family member as an authorized user and buying a tradeline are both legal forms of credit piggybacking. You can safely purchase a tradeline knowing that this practice is 100% legal.
How Much Does It Cost to Buy a Tradeline?
Tradelines usually range between a few hundred dollars all the way up to a few thousand dollars. The exact price will vary across tradelines, especially since some are higher in quality than others.
For example, tradelines with a longer credit history and higher credit limit are better. As you’d expect, such tradelines are also more expensive.
At Tradeline Supply Company, prices range from $200 on the low end to $1,750 on the high end. These are considered very reasonable: you’re less likely to find better prices at other companies simply because Tradeline Supply Company uses an online business model.
Should I Consider Buying Multiple Tradelines?
You might be wondering whether it’s better to buy multiple, perhaps lower-quality tradelines as opposed to a single higher-quality one. While there’s no definitive answer, we would usually recommend going for the single, high-quality tradeline due to the following:
- Budget constraints: You’ll usually get more bang for your buck when you buy a single high-quality tradeline.
- Extending your oldest credit line: Part of your credit score is how old your oldest line of credit is. If you can find a single tradeline that’s older than all your existing ones, it could be worth purchasing that one.
- Very thick credit file: If you already have more than 10 credit accounts open, a single strong tradeline would have a larger effect on your score than multiple weaker ones would.
On the other hand, reasons for buying multiple tradelines could include the following:
- You have many late payments: If you have a poor payment history, you may want to “dilute” this by purchasing multiple tradelines with good standing.
- Posting to a specific bureau: Tradeline companies usually promise that a tradeline will post to at least two credit bureaus. If, for any reason, you need a tradeline to post to a specific bureau, buying multiple will greatly increase your odds of that bureau picking up the tradeline.
Can I Get a Tradeline For Free?
No, you won’t find any tradelines that you can get for free. However, companies like Tradeline Supply Company do offer promotions that get you significant discounts if you buy multiple tradelines.
Technically, if a family member or friend is willing to add you as an authorized user to their credit account, you could also do that. If their account is in good standing, it will have similar effects to buying a high-quality tradeline, and it’s free!
Can You Sell Tradelines?
Yes, it’s also completely legal to sell tradelines. In order to do this, you must have at least one account that’s in good standing and has a decent amount of history (usually at least three years old).
Many companies that buy tradelines also allow users to sign up as sellers. Tradeline Supply Company is one example–they will pay you a commission for each sale of your tradeline.
Conclusion and Next Steps
Without a doubt, tradelines are one of the best short-term strategies to improve your credit score. In this article, we showed that obtaining a tradeline is a simple five-step process that you can start immediately.
Specifically, we would recommend heading over to Tradeline Supply Company to browse their current selection of tradelines. Using this article, you can pick out the best tradeline for your situation and get an instant credit score boost.
We recommend finding a high-quality tradeline at Tradeline Supply Company, which will positively benefit your credit score.
When doing research, Credit Help Info relies on credible and authoritative sites. These research sources are provided so that you can see exactly where we get our information.
About the Author
Chris Morgan is a credit expert and founder of Credit Help Info. He has been featured in Addition Financial, GOBankingRates, MSN Money, Yahoo Finance, and many other publications. He has read hundreds of books and resources on finance and the credit industry. Because he did this, you don’t have to. As a school teacher for over 20 years, Chris enjoys taking complicated material and breaking it down into manageable information that’s easy to understand.