Boost Your Credit Score With Tradelines

When it comes to boosting your credit score, there are many tools at your disposal. However, not all of these tools are created equal. Some are more effective than others in achieving your financial goals, and some may even pose an ethical issue. Authorized user tradelines for sale are a common tool used to help people with poor credit achieve their financial goals faster by adding the additional history needed to gain loan and credit card approvals. However, before deciding to purchase tradelines, it is important to understand the legal and ethical implications.

Boost Your Credit Score

A tradeline is an aged, active, and fully-paid-off credit account that's added to your credit report to provide an instant increase in your FICO scores. Ideally, you want to add a tradeline with a high credit limit and long history of on-time payments. This is the type of account that will help you get the best FICO scores possible when completing a credit profile.

Typically, these types of accounts are owned by friends and family members with good credit who allow you to become an authorized user for a fee. But there are also for-profit companies that offer authorized user tradelines for sale. These companies act as go-betweens for people with good credit who are willing to let strangers become authorized users on their accounts (for a fee) and consumers looking to buy those tradelines in order to improve their own credit.

These types of accounts are typically called secondary or supplemental tradelines, because they help to supplement your existing credit report rather than being the primary source of your credit score. They can also be a great way to quickly raise your credit scores for loan or rental application purposes.

Depending on how you use them, supplemental or secondary tradelines can last up to 7 years on your credit reports. They are a very cost-effective and time-efficient way to help you reach your credit score goals and financial objectives.

It is also important to have a mix of different types of tradelines on your credit report. This shows lenders that you can manage a variety of different credit types and can help to increase your average age of credit. There are several types of tradelines that you can add to your credit file, including revolving accounts like credit cards, installment loans (like mortgages and auto loans), and open accounts like utility bills.

Before deciding to buy tradelines, it is important to familiarize yourself with federal laws and regulations that govern the buying and selling of tradelines. The Fair Credit Reporting Act, for example, is an important law that ensures the accuracy and fairness of credit information reported by creditors and credit bureaus. Familiarizing yourself with these laws will help you avoid fraudulent tradeline sellers who may sell you stale and unseasoned accounts that could damage your credit.