As a person aware of the importance of financial health, I ventured into the world of tradelines. My journey led me to Boost Credit 101, a platform renowned for buying and selling tradelines. Here’s my recount as a seller, detailing my experiences with their services. I first became aware of boostcredit101.com (and also my first ever news that tradelines even existed) while going through the Mr Money Mustache forum where you will find a lot of information (albeit all of it scattered throughout several years of posts).
[Related: buy tradelines from us or read the “Resources” section below]
Boost Credit 101 Review
Boost Credit 101 is an online marketplace that facilitates the buying and selling of tradelines. Tradelines, essentially credit accounts, can significantly impact one’s credit score when managed correctly. Boost Credit 101 serves as a bridge connecting those who wish to improve their credit scores with individuals like me, willing to add authorized users to our well-maintained credit accounts.
First Impressions of the Platform
When I first visited Boost Credit 101, I was struck by the clarity and professionalism of their website. The platform was straightforward, providing detailed insights into the process of buying and selling tradelines. Their focus on security and legality was reassuring, considering the sensitive nature of financial transactions.
Buying tradelines
Navigating the Selection Process
The process of selecting tradelines on their platform is straightforward. They offer a range of tradelines from various credit card companies, each with detailed information about credit limits, age, and expected reporting dates. This is pretty standard and most tradelines companies offer the same setup (layout). The list of available tradelines for sale is a vailable here.
This is a view of the prices charted against the credit limit and the acount age:
My Selling Experience with Boost Credit 101
Becoming a Seller
The registration process to become a seller was relatively simple. However, you may need to wait until they are enrolling sellers (you can sign up for an email update). Boost Credit 101 required thorough verification of my credit accounts to ensure they met their standards. Basically you need to keep the cards in good standing: use them regularly so they keep being reported to the credit bureaus, and with a low utilization rate (10% or less).
The Selling Process
Once approved, you can decide what tradelines to sell. Like most brokers, they set the fee you will receive based mostly on the credit limit and age of your credit card.
Customer Interaction and Support
Throughout the selling process, I hadno direct interaction with buyers, as Boost Credit 101 handled all of the customer relations. However, whenever I had queries or needed assistance, their support team was always responsive and knowledgeable, making the experience hassle-free.
Financial Rewards and Observations
Earning Potential
As a seller, the financial rewards were tangible. I found that selling tradelines through Boost Credit 101 offered a straightforward way to earn extra income using my well-managed credit accounts.
Find out what cards they currently take by searching for BC101 on this table:
Tradeline Database - Admin
Use this list to find what companies take each card (hint search by card if you want to find where to sell it)
Find out how much you can make by searching for BC101 on this table:
Tradeline Database - Payouts
Use this list to compare rates across companies, across cards, decide whether to season a card, etc
Reliability and Payments
Payments for tradelines sold were prompt and accurately reflected the agreed-upon terms. You will be paid once the buyer (and the broker) confirm that the tradeline posted. This typically hapens at the two months mark. The payment is made via direct deposit, this is also pretty standard for the industry.
Boost Credit 101 Review: Conclusion
My experience as a seller with Boost Credit 101 has been overwhelmingly positive. The platform’s emphasis on security, coupled with its efficiency and reliability, makes it a reputable choice for anyone looking to sell tradelines. For those considering this avenue, Boost Credit 101 offers a comprehensive, user-friendly, and profitable experience.
In summary, if you’re exploring ways to enhance your financial standing or seeking additional income streams, selling tradelines through Boost Credit 101 could be a worthwhile option. Remember, it’s crucial to stay informed and understand the responsibilities involved in this unique endeavor.
Resources
The following is a list of resources to start learning about tradelines. We have a list of tradelines for sale, and a tradelines FAQ. Also various posts about tradelines, and a chart of tradeline prices from competitor sites. Finally, a contact form to ask further questions.
Please feel welcome to ask any questions below.
Things that I use, like, and am affiliated with:
Google Fi offers great cell phone service in 120 countries, get $20 off using the link. Get discounted phones with service activation and no contract.
Uber and Lyft are offering discount rates on your first rides using the links.
AirBnB where you can be home anywhere in the world; get up to $55 off with the link.
I never spend money before I check Mr Rebates, Raise, Ebates or Honey to get cashbacks, rebates, discounts, coupons or cheaper gift cards.
This blog is hosted at Hostgator