If you’re thinking of purchasing tradelines, you need to make sure that you proceed with caution so that you don’t make any mistakes. Tradelines are wonderful tools that may enhance your credit, though when not applied correctly, they can do more harm than good.

Let’s take a look at the top tradeline-buying mistakes.

Having Credit Card Freezes or Account Fraud Alerts

If you have credit card freezes or fraud alerts on your account, you will not be able to post tradelines on your credit. When accounts are hit with fraud alerts, they freeze. This means that no new information can be added to the account. If you have fraud alerts on your accounts, you must contact credit bureaus to have them removed prior to adding tradelines to your account.

Not Having an Understanding of Tradelines

It is extremely important to have an understanding as to how tradelines work. If you do not understand how they work, you might not

find the right ones for the particular situation you are in. Make sure to give us a call here at Personal Tradelines if you are unsure which tradelines are best for your current situation.

A Lack Of Credit Score Knowledge

Before you go and purchase tradelines, you must understand how your credit score works. We have a few blogs on Personal Tradelines that help visitors gain a better understanding of the elements that compose a credit score. When you have the knowledge, you have the power. Having an understanding of how your credit score works can provide you with a better grip over your finances and your need for tradelines.

Buying Tradelines Based On Price

You don’t want to judge a tradeline based on the price of that tradeline. Many people assume that more expensive tradelines are more powerful, which is not true in the least. Yes, sometimes they can be, but the price is certainly not a determining factor.

Your credit utilization ratio is the amount of revolving credit you are using now divided by your total amount of revolving credit. Sometimes, people refer to this as a credit utilization ratio. Generally, this ratio is expressed as a percentage.

Let’s say you have two credit cards with $10,000 available in total. If you have a $5,000 balance on one, then you have a credit utilization rate of 50%.

When calculating your credit score, credit scoring companies will use your credit utilization rate. This number often makes up next to 30% of a credit score, making it one of the most important numbers to look out for.

It is important to keep a low credit utilization rate, as it shows lenders that you don’t need to use all of your available credit. High credit utilization rates show lenders that you might be overspending, which can lower your credit score.

Understanding Revolving Credit

Revolving credit is the only type of credit that goes into a credit utilization ratio. Lines of credit and credit cards are types of revolving credit. Mortgages, auto loans, or installment loans, are not part of this ratio.

They call it “revolving credit” because the amount of credit you carry changes and carries over from month to month. There is no end date that is pre-determined. You borrow against your credit limit every month. Each time you borrow, you reduce the amount of credit that is available to you.

The important thing is that you don’t reach your credit limit and continue making on-time payments to make sure that your account stays in good standing. You also need to keep in mind that you’ll pay interest on this credit every month as well. To keep your credit utilization rate low and your interest from accruing, it is important to pay off your balance every month in full.

What Is a Credit Utilization Rate?

How Does Closing a Credit Card Impact Your Credit Utilization Rate?

Similar to the way that applying for a new credit card can have a negative impact in the short term, closing a credit account can also have a negative impact. Whenever you close your credit account, you reduce your limit overall. Closing a credit account won’t do anything if you don’t owe anything on your credit cards as it is, as your credit utilization rate is already 0.

Connecting My Credit Utilization Rate and My Credit Score

There are many factors that can impact your credit score and your credit utilization rate is just one of them. Keeping it low, however, can have a significant impact and help you maintain a higher score. Of course, increasing your credit score can come from many different actions.

Top Tradeline-Buying Mistakes 

A person that has established credit might find a tradeline worth $1,000 and make the assumption that it is the best one for them. However, that particular tradeline could have a lower age or utilization ratio, which could either not affect that person’s credit at all or hurt that person’s credit in the long run.

Improvement is not adding more of what you already have. You want to select tradelines that are a good match for your credit.

Relying on Tradelines Alone

You can’t only rely on authorized user tradelines to help you with your credit. Most scoring models take your entire mix of credit into account, meaning it is far more desirable for one to have multiple kinds of good credit.

These different types of credit can include mortgage loans, car loans, installment loans, etc. You must also account for any late payments, delinquencies, or collections on your accounts, prior to purchasing tradelines as well.

What Tradelines to Buy?

The question of “which tradelines a person should buy” is probably one of the most important and often-asked questions that we get here at Personal Tradelines. Navigating the world of tradelines can be quite confusing, especially if you have never navigated it before.

Do note that there are many things to consider. Just as there is no other person like you on Earth, tradelines don’t work the same for every person.

There are different elements that come into play when deciding which tradelines to buy.

Come with us as we explore the ins and outs of which tradelines you should buy for your specific needs.

Choosing The Right Tradelines

To start, you need to determine what your priorities are when you are buying tradelines. What are you looking to accomplish? What are your financial goals?

In creating priorities for yourself, you will have a much easier time deciding on your future goals.

For example, you might choose to go with older tradelines if your main goal is to increase the overall age of your oldest account. This is especially true for young people or anyone who is just getting into the world of credit.

Which Tradelines Should I Buy?

If you focus on your credit limit and you want to lower your overall utilization ratio, then you might decide to go with tradelines that have a higher limit.

We have plenty of different tradelines here at Personal Tradelines for you to sift through. You can even sort out our list of tradelines based on certain factors like age and credit limit.

What About Perfect Payment History?

Payment history accounts for a whopping 35% of your credit score. In fact, it is one of the most important components when it comes to your credit score overall.

This is why we often put so much emphasis on buying tradelines that have perfect payment histories. You can do serious damage to your credit report with even one missed payment.

The beauty of all of our tradelines here at Personal Tradelines is that they have perfect payment histories. You never have to worry about whether or not purchasing trade lines for sale can help with your potentially imperfect payment history or whether or not a tradeline will lower your score.

The best way to buy a tradeline is to purchase one through a reputable company, and have that company help you choose which tradeline to buy. You want to make sure you buy your tradelines from a trusted source who can help you select the right tradelines for your credit needs.

It is usually not a good idea to buy a tradeline from an individual person, a company without an established track record, or if the price is too low and the deal seems “too good to be true.”

In the worst-case scenario, they could just take your money without making you an authorized user on the tradeline. In other cases, maybe the tradeline they sell you doesn’t have as high a credit limit as they promised, or the credit card account is very new (not aged or “seasoned”).

But if you buy your tradeline from a respected company, you can ensure that you get what you pay for, and that the tradeline will positively affect your credit score. Then you are able to accomplish your financial goals.

Here at Personal Tradelines we have 5 star ratings and have been in business since 2011. We have the experience to help you buy our seasoned tradelines at wholesale prices that will meet your needs. Plus, we offer a 60 day money back assurance that the tradeline will post to your credit report.

If you’re not sure which tradeline to buy, our experts can help you choose. The two main factors when buying tradelines are the account’s age, and credit limit. We verify all of our tradelines to make sure they have the stated account age and limit. How much of a credit boost you need determines which tradeline you should buy, and we can help figure that out.

To buy a tradeline, browse through our tradeline inventory and send us an email or call if you prefer. We also have packages which include multiple (2 to 5) tradelines. If you’re on a tighter budget we also have some tradelines under $500. Once you have an account registered with us, you will be able to access it 24/7, and even pre-order tradelines if you want.

Another good reason to buy tradelines from a company like Personal Tradelines is that we act as an intermediary between buyers and sellers, keeping both parties’ identities private. This way everyone is safe and secure with their financial information.

Besides buying tradelines, you can also sell them to us. If you would like to sell authorized user spots on your accounts, please visit our cardholders page and fill out the form.

Hopefully this post has answered for you how to buy a tradeline. In conclusion, the two main points are 1) Buy from a reputable tradeline company 2) Have them help you choose which tradeline to buy.

We hope you will choose us for all of your tradeline needs, and if you have any questions we are always here to help!