With fiscal responsibility and hard work, you can create a good credit history. A good credit history means you don’t have large, outstanding debts, and you make the best financial decisions possible.
However, one other benefit of great credit history is the ability to make money from setting up authorized user tradelines.
Let’s dive in and learn a bit more.
What Are Authorized User Tradelines?
When you add someone else to your credit card account as an authorized user, you create authorized user tradelines. Back in the day, adults with good credit would add their spouses or children to their credit card accounts to help them build good credit history.
Because credit holders can add anyone as an authorized user to their accounts, they can transfer their positive history to help the recipient achieve their financial goals. An authorized user does not have access to the credit line, nor do they have a physical credit card. Contrary to what many believe, an authorized user cannot make changes to the account either.
The main privilege of being an authorized user is that the person has the chance to boost their credit score with perfect payment history.
For people with good credit scores, this is a great way to make money.
How Much Can You Make Selling Tradelines?
The commission range for selling tradelines typically ranges from about $100 to $500 per authorized user. However, depending on factors like credit card limit and credit age, this number can vary.
Is It Legal To Sell Authorized User Tradelines?
Yes. It is ABSOLUTELY legal. What you might be wondering is,
If it isn’t illegal, why isn’t everyone doing it?
Honestly, we’re not sure! We think it’s because most people haven’t heard of it, and/or aren’t aware of the avenues where they can sell their tradelines.
The process of selling authorized user tradelines is protected under the Fair Credit Act of 2008. Plus, nowadays, you don’t have to be related to the person you sell your authorized user tradeline to!
Get in touch with us today if you want to learn more about selling your good credit!
Getting Started In the World of Selling Tradelines
The most important thing you must do to start is to find a company that is reliable.
Here at Personal Tradelines, we take ethics VERY seriously, which is why we’ve been one of the most trusted tradeline companies for so many years.
However, we cannot say the same for every tradeline company out there. It is crucial to do your research and make sure you find a company that you can trust so that you don’t waste your hard-earned money and time on tradelines that won’t do anything for you.
Buying tradelines is a wonderful way to boost your credit, and selling your own lines is a wonderful way to make extra money on the side. If you have any further questions regarding tradelines, make sure to get in contact with us.