One of the best ways to improve your credit score in just a short amount of time is to buy tradelines. While it’s a great way to get ahead financially, you need to know what you’re doing before you actually get involved in the process. The following outlines some basics you should know before purchasing tradelines for sale.
What Is a Tradeline?
A tradeline is a credit account on your credit report. Each account offers a separate tradeline with the creditor and debt information. Your tradelines contain a multitude of information such as:
- The name of the lender
- Part of the account number
- The status of the account
- When the account was opened
- When the last account activity occurred
- The current balance
- The monthly payment amount
You’ll also find what type of account the tradeline is if the account has been closed, what the original credit limit was, and the payment history. Tradelines play an important part in being qualified to open new accounts or make big purchases. All the listed information is used to calculate your creditworthiness, which is known as your credit score.
Adding Tradelines to Your Credit Report
If you’re looking for a way to boost your credit score because your current tradelines provide a negative snapshot of your history, you may want to look into authorized user tradelines for sale. Seasoned tradelines are easy to purchase! You buy the card you’re interested in becoming an authorized user on, collect your credit report, get added as an authorized user, and watch your credit score get a boost. It generally takes one or two weeks for the tradeline to show up on your credit report and make a change, though many purchasers notice the change in a shorter amount of time.
Keep in mind the way tradelines can boost your score is the same way they can hurt your score. If you are considering buying tradelines, you need to be smart about it. Using a professional for assistance can help to ensure you purchase a legitimate credit account.
What You Should Expect
Purchasing tradelines for sale isn’t like picking up a gallon of milk. One size doesn’t fit all, and you should work with a professional to ensure you get the right tradelines to boost your credit score. Some things you should expect when working with the professionals include:
- Seasoned Tradelines – Something that is “seasoned” is something that is aged. Older tradelines with a great payment history look better on a credit report. You should always expect to purchase seasoned credit tradelines to get the best bang for your buck.
- Guaranteed Posting – You should never pay for something that isn’t going to happen, and a reliable tradeline company always lives up to this. Expect to have your tradeline posted or your money back.
- Excellent Options – You don’t want subpar tradelines on your report, especially if you have a long way to go to improve your score. You should expect excellent options on credit cards that have 15% expenditure or less.
- Personal Information Protection – This kind of information swapping can get scary when not handled by the professionals. You should expect protection of your personal information with the most quality encryption technology available.
In regards to your actual credit score increase, what you can expect depends on a handful of factors. This includes the number of tradelines you add, the credit limit of those tradelines, and how seasoned the tradeline is. Purchasing tradelines will offer that boost, but you need to do your part as well. Your own credit history will also come into play, as will whether you keep your credit standing good with every creditor and get your bills paid on time.
What You Can Expect to Pay
Authorized user tradelines for sale differ in price depending on the credit limit and the issuer. You might pay $999 for a $49,500 limit with Citi, or you might pay $199 for a $3,600 limit with Synchrony. It really depends on what you’re looking for, what amount of increase you need for your credit score, and how much you’re willing to pay to achieve your goals.
Get Started by Speaking With an Expert Today
Tradelines for sale can improve your credit score and your life. Contact Coast Tradelines today by filling in our online form, contacting us via email, or calling (202) 945-9556.
