How to Choose a Tradeline: A Buyer’s Guide

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Tradelines refer to your credit accounts. These can be your credit cards and loans. Your credit accounts and how you manage the debt are factors that affect your credit score. If you need to raise your credit score; you can buy tradelines to help you with it. But buying just any tradeline won’t do.

A low credit score can be very problematic when you need to apply for new loans. So, it is important to choose to buy tradelines with due consideration.

Here’s a simple guide to help you buy the right tradelines.

The Right Product

When you wish to buy tradelines; you need just the right product to help you.

Buying credit cards with good payment history and becoming an authorized user on such an account can boost your credit score considerably.

When your credit score is low; it is difficult to qualify for new credit cards or loans. So, opening new credit accounts to raise your credit score is seldom a possibility. Also, it can take a long time to build a good credit history on a new account. Having a good credit history on an account is essential to help you with a high credit score. So, simply buying (if you manage to get approved for one) new tradelines is not the solution when you need quickest way to raise credit score.  

Yes, you can become an authorized user on a family member’s credit card. But it is always a risky endeavor. You will get the benefit of the person’s good credit. But if there are delayed payments or other problems with the account; it will reflect in your credit reports too.

When you buy tradelines from authentic sources, you get all the benefits and none of the risks. You are not responsible for the tradelines; as in making the payments on them. You also don’t get to use the tradelines. Your credit score will simply get a boost with the tradeline’s good credit history.

You can buy one or more tradelines. The tradelines need to be at least 2-3 years old (if not more) to boost your credit score in a short span of time. You, essentially, lease the tradelines for a specific period. When you make the payment, you become an authorized user on the tradelines your lease. The good credit history on those tradelines will immediately reflect on your credit reports too. Within a short span of time, you will begin to notice an improvement in your credit score.

Once your credit score is high enough, you will be able to get approved for loans and new credit cards.

The Right Company

When buying tradelines, it is important to deal with only reputable and authentic companies. A simple online search can help you find the names of tradeline companies in your area. You can also ask the people you know for referrals.

Once you have a few names with you, check their websites to know more about their business. Authentic companies will always list their inventory along with the prices for prospective clients to check and buy. When the products are listed along with their rates; you won’t get any surprises later in terms of the costs. It will also help you make an informed choice about which tradelines to buy as per your budget and requirements.

Next, look for the office address and phone numbers listed on the companies’ websites. It is best to stay clear of companies without such details not mentioned on their websites. Authentic companies also list details about their business in clear and precise terms for prospective clients to check.

Authentic companies are also responsive to their existing and prospective customers’ inquiries. If you are buying tradelines for the first time, you may have at least some questions about the process. You may have queries despite good information on a company’s website. You may also have doubts about the efficacy of the process. These are all legitimate concerns of you as the customer. Authentic companies will always help you out by responding to your queries and help you make the right choice regarding the tradelines.

With these guidelines, you can buy tradelines as per your unique requirements.

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