If you’re looking for a way to make easy money in the next five years, sell tradelines! It’s an industry that is still growing and will only continue to grow as more people need credit. You can sell tradelines or buy tradelines from other lenders who are looking to sell theirs. To sell your tradelines, you’ll need a good credit score and limit, and your card must be at least a year old. Keep reading to know more about how you can make easy money by selling tradelines!
But, before we start talking about ways to make money by selling tradelines, let us talk about some of the basics you need to know about the tradeline industry.
What are tradelines?
In the credit industry, tradeline is a term used to refer to any credit account. It refers to credit accounts that are listed on your credit report. Credit reporting agencies prepare credit reports. They serve as a guide for lenders in determining your creditworthiness.
However, the term refers to authorized users (AU) of someone else’s credit card account in the tradeline industry. Anyone with a credit card can add a tradeline. While tradeline buyers do not have access to the account, they benefit significantly from it — especially if the primary cardholder has a very positive credit history.
How does a tradeline work?
Any credit repair company can only do so much. Sure, they can work things out to restore or correct a poor credit score with credit bureaus. But, there are cases wherein the best solution is to buy tradelines. The primary purpose of tradelines is to help increase low credit scores. When you buy a tradeline, the credit history of the primary account holder appears on your credit profile as well. Thus, making a difference. Buying tradelines with good credit history can help rebuild credit scores, making it easier to get loan approvals.
Is selling tradelines legal in the USA?
Selling tradelines in the United States is legal. The law allows you to add an authorized user to your account anytime you want. It is essential to know that adding authorized users will not affect your credit record at all. They cannot spend any money on your account as well. Credit card companies reserve the sole right to you as the primary cardholder. They send the AU card to the primary account holder’s address, and the AU won’t have any access to your credit card statement or any information about you and your account.
How does selling tradelines affect your credit score?
Having a high credit score makes life so much easier. It’s easier to get loan approvals—no wonder why so many people these days are into buying tradelines. Tradelines for sale are designed to help improve low credit scores or poor credit profiles. But, as a tradeline seller, does it affect your credit score?
Tradeline buyers never get access to your credit card. Thus, it should never affect your credit score. But, if you have plans of applying for a mortgage or business loan, we recommend not to get into selling tradelines. Credit cards are closed by banks when there are too many authorized users. It can affect your credit score as your credit will decrease, and essentially, your credit utilization rate will increase. While the risk of a credit card being closed is minimal, it’s better to be on the safe side. Wait until you’ve secured the loan before selling tradelines.
Does selling tradelines earn you rewards from credit card companies?
Authorized users of your card do not get any access to your credit card. They won’t be able to make purchases using your card. Selling tradelines won’t make you earn any credit card rewards at all. If you come to think of it, that’s fine because it spares you from any trouble like unauthorized purchases.
What are things to consider when selling tradelines?
There are certain factors to consider when getting into selling tradelines. These factors play a crucial role in how much you can make from selling tradelines. It is also crucial to your success in the tradeline industry. These factors include:
Issuing Credit Card Company: Which credit card provider is an important factor that people consider when buying tradelines. The choices vary, though, as bank policies change. In most cases, people prefer big and well-known banks like Chase Bank, Barclays, and Bank of America.
Age of the Credit Card Account: Age is one of the most important factors that potential authorized users look into when buying tradelines. The older the credit card account is, the better. If you want to earn a significant amount selling tradelines, your card must at least be 10 years old or more.
Credit Score: The primary reason why selling authorized user tradelines is trending is that people want an improved credit report. That is to help them earn higher credit scores. In most cases, you can only sell tradelines with credit scores of 700 or higher. Essentially, having a high score means you have a great credit history, which is what any tradeline buyer needs.
High Credit Limit: You should have at least a $20,000 credit line if you want to make big as a seller. Having a higher credit limit lets you earn more if you’re in the tradeline industry.
How much can you earn selling tradelines?
Credit card holders can make real money selling tradelines. It can be a great source of passive income for you. By selling tradelines, you get to earn. At the same time, you get to help someone with a bad credit score improve their credit record with your positive credit history.
The extra money you earn from selling tradelines vary. You can make somewhere between $125 to $300 per credit card tradeline or for each authorized user. How much you earn depends on factors like the age of your credit card and the credit limit. The older your credit card is, the more you can make. Of course, a card from major banks is a plus, too. We at Coast Tradelines offer one of the best prices for both sellers and buyers. Contact us anytime so we can discuss the rate further. Rest assured, this is an excellent source of extra income.
How and when are you paid for selling tradelines?
Most companies pay sellers once the deal has concluded. Once done, you can remove the authorized user from your account. In most cases, this happens a month after adding them.
As an account holder, it is essential to know that every broker has its policy. In our case, Coast Tradelines notifies you once you’ve earned a commission. Receiving such a notification means you can already remove the authorized user from your credit card. We make payments via direct deposit or check. Payments are sent within three to four working days.
How to sell tradelines easily?
If you want to earn money from selling tradelines, you need to know how it works. Knowing and understanding the business and the industry is key to being successful in this business. You can start to sell authorized tradelines by following these simple steps:
Step 1: Do research and select a tradeline broker.
The tradeline industry is growing. In fact, you will find several tradeline companies out there to choose from. But, each is different from the other. Some may be illegal, while others are doing business the proper way. Coast Tradelines is a legit tradeline broker with years of experience in the tradeline industry. Our services are geared towards serving your best interests.
Step 2: Choose which credit cards you are selling tradelines on.
As mentioned earlier, there are several factors to consider when selling tradelines. Seasoned credit tradelines, high credit limits, and the credit card issuer are significant considerations. If you want to maximize your earning, select the credit card with any or have all of these factors.
Step 3: Receive your price quote.
Every tradeline comes with a price. Generally, older credit card accounts sell more. Having a perfect credit history is can also be your ticket to making more money from selling tradelines. It’s easier to agree on a price point when you have an excellent credit record.
Step 4: Set up an account.
Once you have agreed on the price, it’s time to set up your account. Every tradeline company has its requirements. But, one thing’s for sure, the process is easy you can finish it in just a few minutes!
Step 5: Start earning! Add the new authorized user to your credit card account.
Usually, tradeline brokers would email you once there’s a potential authorized user. The email will also contain the next steps of the process leading to the next step. Only the primary cardholder can add the new authorized user to their credit card account. Once you receive a notification from your broker, you should immediately add the authorized user to your account.
Step 6: Remove the authorized user from your account.
Once the deal is finished, you can remove the user from your credit card account. Typically, this happens one month after adding them to your account.
Where to sell tradelines?
The best and easiest way to sell tradelines is through a tradeline brokerage. There are many tradeline companies out there that specialize in selling and buying tradelines. Coast Tradelines is one of the many choices. But, what sets us apart is our commitment to providing the best tradeline services for both buyers and sellers.
What is Coast Tradelines?
Coast Tradelines is a tradeline company based in the US. We are in the business of buying and selling tradelines. Our company has been in the tradeline industry since 2010. Since we started, our clientele has grown, and we have become a well-trusted tradeline company. As a tradeline supply company, we offer a wide selection of tradelines for sale to choose from. At the same time, we offer easy and seamless money-making opportunities for tradeline sellers. Contact us today to know more about the opportunities that await tradeline sellers like you.
Why Choose Coast Tradelines?
We can run down a list of reasons why you should choose us at Coast Tradelines. But, let us focus on the major ones, which include the following:
Reputable Broker
We have established a good reputation in the tradeline industry. We are known for being an excellent platform where people with low credit profiles can buy tradelines from. At the same time, we provide a space for cardholders to sell tradelines and make money easily.
Industry Leader
We are innovative. We understand that the industry has been growing over the past years, and competition is high. That is why we work very hard every day to always think of ways to do better in this business. More so, to always start a trend rather than following.
Legitimate Company
Unfortunately, there are many scammers out there. They make money from providing poor to non-existent services. We at Coast Tradelines are a 100% legit company that offers real products and services.
Seasoned Tradelines
We have an array of seasoned tradelines to choose from. And we still have room for more seasoned tradeline sellers. With us, you can earn a good amount of extra income by selling tradelines.
Final Thoughts
Selling tradelines is a great way to earn passive income this 2021. As long as you have an excellent credit record, a high credit score and are paying off debts as you should, you will earn big from this side gig. It’s easy to sell them. All you need is a reliable and trustworthy tradeline broker. When it comes to that, Coast Tradelines won’t disappoint. We, after all, have years of experience in the tradeline industry. We have earned a good reputation and provide a great customer experience for tradeline buyers and sellers alike. If you want to know more about our services, contact us anytime!
