People often ask us the same question and that is whether or not adding tradelines to your account is the same thing as repairing your credit.
Is credit repair the same as tradelines?
If they aren’t the same thing, is one of them better?
To start, there are plenty of people who don’t actually understand the idea of “traditional credit repair”.
Understanding Credit Repair
Credit repair in the traditional sense is the process of fixing your credit when it is not in good standing. There are plenty of different reasons as to why your credit might need a bit of fixing. The process of repairing credit can be quite simple. A lot of the time, all it takes is talking to credit bureaus to dispute information. However, there are several different companies out there that can help you get rid of inaccurate or undesirable credit information from your report.
There are certain companies you can pay that get in contact with credit bureaus and lenders so they can remove any negative information. These companies utilize very specific tactics in order to do so. It is important to speak with them about the things you are looking to do with your credit so they can provide you with suggestions.
On the other side of the industry, there are companies that use unethical tactics, such as jamming. We think of jamming as a scam that credit repair companies use, in which they send out repetitive hoards of letters to dispute credit information. Credit bureaus and lenders get buried so deep in these letters that they ultimately end up caving and removing any negative information on your account.
Of course, that is just the concept.
Jamming doesn’t always work. Many customers end up wasting time and money working with companies that utilize jamming tactics, though they never end up seeing any benefits.
Here Is Where Tradelines Come In
Tradelines are an alternative to traditional credit score increase methods. There are a few ways that you can use tradelines with your account.
For starters, you can have your name added to another person’s account, becoming an authorized user. An authorized user is a person who can use a credit line without the liability of debt on that line. You can potentially see serious improvements in your overall credit score if you become an authorized user on an account that is in good standing and has a low balance limit.
The main difference between traditional credit repair tradeline usage is pretty obvious. Think about it like this:
The act of having negative information removed from your account is traditional credit repair. On the other hand, providing positive information for your accounts to potentially boost your credit and make your accounts look better to credit bureaus and lenders is where tradelines come in.
If you are looking to purchase tradelines, or you just want to know a bit more about what tradelines can do for you, make sure to get in contact with us here at Personal Tradelines so that we can help!