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.

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.

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.

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.

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