Tradelines of credit are the accounts on your credit report. They give a picture of how you handle your finances and can affect your credit score. The types of tradelines you might see include mortgages, auto loans, credit cards, and other accounts. Tradelines for sale are usually credit card tradelines.
We have tradelines of credit for sale on this site, they are secondary tradelines. Secondary tradelines are tradelines you get when someone else adds you to their tradeline as an authorized user. This way your credit score will piggyback from the credit limit and account age brought on by the added tradeline.
What Are Tradelines?
A trade line, or tradeline, is a business credit account record provided to a business credit reporting agency. Every credit card, loan, and a mortgage is a tradeline that will be included in your credit report. For the purpose of this post, we will be referring to credit card tradelines.
How do tradelines of credit work?
It’s important to learn about the tradelines of credit so you can understand how they work. Your credit report shows more than just your credit history. Every time you apply for a new loan or line of credit it’s known as an “inquiry” and this is recorded on your credit report and can hurt your score.
What aspects of your credit score will improve
A tradeline will improve your credit utilization rate and your average account age. Your credit utilization rate is how much credit you’ve utilized out of the total amount available to you. The average age of all the credit accounts in your name helps define your credit history. You can limit the number of new accounts you open by opting for tradelines instead. You can use a tradeline to buy up a larger percentage of available credit, which will improve your utilization rate. Tradelines are not loans and there is no contract or co-signer required.
Takeaway: Tradelines are an excellent way to improve your credit score without opening new accounts or putting yourself at financial risk.
Where to buy tradelines?
Online, mostly. And specially from our site. Here is a list of resources to get started: a list of tradelines for sale, a tradelines FAQ, various posts about tradelines, a chart of tradeline prices from competitor sites, and a contact form to ask further questions.
Tradelines of credit
In summary. Understand what tradelines are. Tradelines can be added to aperson’s recit report if the person is added as an authorized user to someone else’s card. Authorized users can use the account without affecting the main holder’s credit score. A hard inquiry may occur when the authorized user inquires about a tradeline of credit.
Takeaway: Tradelines can help you improve your credit history and score, but they must be managed carefully.
If you have other questions you can also post them below.
Thanks for reading this far.
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