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How to Choose the Best Tradeline Company

If you’re looking for ways to improve your credit score, using tradelines can do wonders for your FICO Score ®.

When it comes to choosing a superior tradelines company, there are plenty of key things you need to look for.

This guide explains the process of boosting your credit score using “piggybacking tradelines” and how to choose a legit tradeline supply company, so read on to learn more about how you can get a higher credit score with the right credit tradeline.

What is A Tradeline?

Every credit report has a listing of various accounts used to purchase everything from a home to a vehicle to everyday items. These accounts are lines of credit, also known as “tradelines.”

When you apply for a mortgage or a loan, the lender will review your credit report and look at these credit tradelines. The tradelines with a higher limit or an older age tend to weigh in your favor to get a higher credit score.

Over time, your credit tradeline becomes “seasoned,” meaning you’re able to successfully keep that line of credit and pay it on time. Any credit tradeline with a record of being paid on time that has a long lifespan will keep your credit score higher.

For some consumers, getting access to a tradeline might be difficult. That’s where buying tradelines comes into the picture.

Before you decide to add a new tradeline to your credit, there are several things you should know. Choosing a reputable company with at least 10 years’ experience can make a huge difference in terms of your success.

People with bad credit or no credit may need to buy a tradeline to boost their credit score. You can also add yourself as an authorized user to another person’s tradeline when possible. Let’s look at the pros and cons of using the authorized user method for boosting your credit scores.

Piggybacking Tradelines

If you need to boost your credit score fast, you can ask to add yourself to someone else’s account. This process makes you an “authorized user” of the account. Once you’re added, the information goes on your credit report.

When choosing to use the AU method, make sure the credit holder has a high limit and a low balance. If their current balance is high, it could end up hurting your score.

You can become an authorized user to a friend, family member, or spouse’s account as long as they are willing to call their bank and add you to their card. If the original credit tradeline holder defaults or is late on their payments, it might come back to haunt you.

Make sure you choose someone who has a good history with this particular tradeline. The goal is to make your utilization rate go down, meaning you’ll have more available credit in proportion to how much you owe.

The piggybacking method can work well for some people, and many lenders take authorized users into account when it comes to scores. Another alternative would be to try credit repair methods that can help you boost your score on your own. The downside to traditional credit repair is that it takes a lot longer and requires a lot more effort from you as a consumer to get your number higher.

If you can’t seem to get a new tradeline or buy one yourself, the authorized user method provided by someone you know can be helpful. Just make sure you don’t use the account to make purchases and instead, just let it sit there as it ages on your credit report.

Selecting A Tradeline Supply Source

In the world of credit, not all credit tradelines are the same, so it’s crucial to find the best tradeline company that has a true understanding of the industry. When your credit report is pulled, the lender or creditor will view your open tradelines to determine your overall creditworthiness.

First, you need to find a company that has a good reputation for success. The high quality tradeline companies have been in business for at least 10 years. They understand which tradelines are reliable and provide the best, fastest results.

Costs for credit tradelines vary depending on things like age and the credit limit of the tradeline you choose to buy. A good rule of thumb is that the older the tradeline, and the higher the credit limit, the more likely it will improve your credit score. Young tradelines with a fairly low credit limit may not help as much, and in some cases may hurt your score.

FICO calculates your utilization ratio and factors it into your score, accounting for around 30% of your total credit score. The lower your balance as compared to your credit limit, the more your score will boost upward. 

You’ll need to make sure that the credit tradeline you purchase reports to all three credit reporting agencies. A reliable tradeline company will do this, and will ensure that the new tradelines are reported as quickly as possible for fast results.

The tradeline company should have experienced staff who can do a full analysis of your current credit situation. They can take that knowledge and use it to determine which credit tradelines will give you the biggest boost.

When you choose to purchase from a reliable tradeline supply company, you won’t have actual access to the card or account. This eliminates the temptation for you to spend money and instead keeps your score on an upward trajectory.

Qualities of the Best Tradeline Company

Now that you know a bit more about the tradeline supply companies and how they work, you can start looking for the best tradeline companies that sell them. The length of time they’ve been in business is crucial since it requires a full understanding of how the process works in order to gain successful clients.

Just like with tradelines, the best tradeline supply company will have been in business for at least 10 years. You can check out the age of the company by visiting the Secretary of State website for state where they are from, or by viewing their profile on the Better Business Bureau (BBB), or on whois.net

The best tradeline companies have a dedicated office space you can visit. Avoid tradeline companies displaying a PO Box or virtual office address. If you see these kinds of sneaky tactics, then you know they’re trying to hide from you, so you can’t find them when something goes wrong. Think about it…would you hire a babysitter for your kids, or date someone using a fake address?

The tradeline companies operating legally and ethically will be Accredited by the BBB as a “Credit Repair Company” and have a high Consumer Satisfaction Grade.

A good tradeline supply company will understand your unique needs, and they’ll make recommendations as to which credit tradelines are of high quality. The better the credit tradeline, the bigger the impact it has on your credit score.

Businesses that sell tradelines to consumers know which ones will provide the best results and have the best chances of giving you a big boost to your FICO score ®. They’ll work with you to explain how the process works so you have a good understanding of how tradelines can benefit you.

Transparency is also crucial when choosing the best tradeline company. A list of currently available accounts, limits, and pricing should easily be easily found on their website so you can shop around for the best options.

Quite possibly the most important characteristic of a high-quality tradeline supplier is how readily available they are to answer your questions. Whether it’s via email, text, or telephone, you should be able to contact them at any time to get clarification, make changes, or get answers. Hiding their phone number on their website? Getting their voicemail? No response to your email or text within 24-hours? That’s a major red flag. If they aren’t responsive before you buy tradelines, then how do you think they’ll act afterwards?

Experienced tradeline companies also follow the current laws and do everything in an honest and ethical manner. They’ll never mislead you into adding a primary seasoned tradeline, which is considered fraudulent by some in the law enforcement community.

Using authorized user tradeline to boost your score, however, is not illegal and does an excellent job at increasing your credit score. Talk to a professional tradeline company who can assess your current credit situation and make recommendations for the best tradelines to use.

Deciding on the Right Tradeline

Once you’ve decided that piggybacking authorized user tradelines is right for you, it’s important to determine which strategy will serve your needs best. Keep in mind that credit boosts will vary dramatically depending on the customer.

A big factor in your credit score outcome will depend on what you currently have listed on your credit report along with what tradelines you choose to purchase. In general, the more cards you add to the report, the bigger the boost should be.

If you don’t have many credit cards on your report showing as open, our tradelines will have a bigger impact on your score. And of course, the higher the limit and longer the history of the tradelines you choose, the bigger the boost will be.

No two credit reports are the same, so you should not expect specific results after adding tradelines. Instead, be patient and keep a close eye on your FICO as the tradelines begin to appear in your report.

Once the tradelines post to your credit report, you can start applying for things like a new car or a home mortgage. The benefits that adding tradelines provide can be a real lifesaver for those who are in the midst of a serious credit crunch.

Do your research and find out more about how adding tradelines to your credit report can give you the score you need.

Once you determine how a new tradeline (or a few) can help you, it’s time to contact a reputable tradeline supply company to walk you through the process.

Start practicing good credit habits like paying off your current credit card balances in full every month. Over time and with a combination of quality tradelines, you’ll be amazed at how much your credit will improve.

Use Tradelines to Your Advantage

Now that you know more about how to find the best tradeline company and how to use them to your advantage, you can boost your credit score fast. A quality supplier will give you credit tradelines that make your FICO score soar.

Only choose companies with a solid reputation and years of experience so you can get the best results.

For more on how to boost your credit score with an authorized user tradeline, visit the rest of our website to learn more about us today.

Bill Airy

About the Author:

Bill Airy is the CEO and Founder of BoostMyScore. For over 12 years he has helped American consumers get a second chance at a better financial life by helping them to improve their credit score. He regularly publishes helpful content on this Blog to educate others about Credit Scores and best practices when trying to improve them.

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BoostMyScore Team