Many people use tradelines to increase their credit these days. Though the method has been around for quite some time, tradeline buying is becoming more and more popular each day.

Some people have close friends or family members that have great credit. Often, these people can become authorized users on their friends or family members’ accounts to begin establishing good credit. If the account is in good standing with a relatively low balance compared to their credit limit and positive payment history, it may help them build credit.

Buying tradelines from a reputable tradeline company is a lot like becoming an authorized user on an account that belongs to a friend or family member. However, there are a few major differences to consider, which we’ll go over in this short tradeline buying guide.

Buying Tradelines 101

When you buy tradelines from a tradeline company, the main difference is you don’t personally know the person that you are becoming an authorized user with, and you must pay the tradeline supplier for access to that particular tradeline.

A tradeline company will ask for a fee so you can use them as a third-party service, and that fee will depend on the company.

This is one of the reasons it is so incredibly important to do your research and make sure that the tradeline supplier you are buying from is reputable. You can do your research by looking at user reviews to see how real people’s experiences pan out when purchasing authorized user tradelines for their own credit needs.

The last thing you want is to spend hundreds, if not thousands, of dollars on a low-quality tradeline that doesn’t do anything for your credit score.

What Happens Once You Purchase a Tradeline?

Once you make your tradeline purchase, the tradeline will post to your account. It will then remain on your account for a given period. During this period, the goal is to use the positive information on that tradeline to increase your score. The credit bureaus will view that positive information as a credit-boosting element.

Eventually, the tradeline that was posted will be removed from your account, though your actual credit score will remain the same.

Contrary to what some may believe, purchasing third-party authorized user tradelines is a completely legal and legitimate process and can be an especially efficient way to boost one’s credit score.

Final Thoughts – Get Your Tradelines Today!

Here at Personal Tradelines, we’re all about ensuring that our customers have a good understanding of Personal Tradelines so they can make the right financial decisions for themselves.

We understand that working towards good credit can seem like an uphill battle, which is why it is so important to have a company by your side to provide you with all the necessary tools and knowledge to ease you through the process.

If you are ready to take the first step on your journey to better credit, make sure to get in contact with us!