Sign up today and your first month is free. No payments until 2022!! Click above to learn more.
What is a tradeline? A tradeline is essentially any account that shows up on your credit report. One common piece of advice for building credit is to add someone else’s good credit to your own credit file also known as being added as an authorized user on their credit card account. That way, your credit score benefits from the primary user's lengthy credit history, on-time payments and low utilization rate. Buying a tradeline is sort of like becoming an authorized user on someone else's credit card account. Buying tradelines is done through a third-party service for a fee, and prices can reach into the thousands of dollars. Once you purchase the tradeline, it will typically remain on your credit report for a short period, after which you'll be removed from the credit card account." While you're an authorized user on the account, you don't actually have access to the line of credit. You just "piggyback" on the primary user's account for a short time – usually anywhere from two months to one year.
Does buying tradelines really boost your credit score? Buying tradelines raises your credit score by improving three factors that go into calculating your credit score:
1 - Payment history You benefit from their own time payment history.
2 - Amounts owed By piggybacking off of another borrower's credit account, you may be able to lower your credit utilization ratio – the percentage of available credit you're using. For example: Say you currently have one credit card with a $1,000 credit limit and a balance of $750. Your credit utilization ratio is 75%. If you buy a $2,000 tradeline, according to your credit report, you would have a total credit limit of $3,000 and a credit utilization ratio of 25%. Since most credit experts recommend keeping your credit utilization ratio under 30%, buying a tradeline would lower your ratio enough to put you in the recommended range.
3 - Length of credit history Generally, the longer you've been using credit, the better your score will be. If you're new to credit, this is an element of the credit score calculation that's hard to improve quickly. However, by renting a seasoned tradeline that's been open for a decade, you can instantly boost the age of your oldest account and the average age of all of your accounts.
Bottom line Buying tradelines are quick and easy way to build your credit quickly.
CREDIT BUILDING TRADELINES We are local here in Las Vegas NV. You can sit down with a credit advisor anytime during business hours. Our credit lines are not added and removed in the usual 90 period that other companies offer. We suggest one tradeline only per customer. The competition upsells and tells you to buy three of their tradelines. One tradeline that hits the right limit, balance and length of time will always move a credit score. To add more than one has a diminishing effect. Meaning after a initial credit score move of 90 points for the first tradeline the second and third line may move the score eight or nine points. It seems like a lot of extra money spent for very little results. Our method is a proven strategy for long term credit building and score increase. *99 per month for six months. Then the following six months and longer are free.
Community Credit Builders
2375 S Jones Blvd. Suite 15 Las Vegas, NV 89146 Office 702-724-0500 Text 702-591-4933