What is a Tradeline?
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 credit cards of all types.
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, you will not have access to use the card but will benefit from the tradeline profile.
Why Would Someone Want to Buy a Tradeline?
Tradelines are the makeup of a person’s credit report. Tradelines assist with building the credit profile. How you positively maintain your credit profile results in building 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.
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. The truth is that since the credit scoring algorithms are secrets, no one knows exactly how it works. There are a lot of inferences, correlations, and speculation that has taken place to try to understand the way credit scores work. Use a tradeline calculator to help you determine which tradelines to buy.
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.
How Did I Do?
It was a pleasure to be able to assist you as your tradeline supplier. If you could please be so kind to rate my services and leave a review, I would truly appreciate it.