Will Tradelines Boost My Credit in 2021?

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Will Tradelines Boost My Credit in 2021?

Will Tradelines Boost My Credit in 2021

Will Tradelines Boost My Credit in 2021

One question we often get asked is:


Can our tradelines help boost your credit?


The answer is: most of the time.


You do, however, need to have an account that is in good standing prior to considering purchasing tradelines. Before you purchase any tradelines, you must get rid of debt, late accounts, etc.


We highly recommend that you begin seeking out all of the crucial and necessary information regarding tradelines so that you can better understand what it is that they do. You also need to figure out what they can do for your particular situation. 


It is important to remember that your situation is different from everyone else’s, meaning one tradeline will not work the same for you as it does for someone else. Let’s begin by helping you understand what a tradeline is.


What Is a Tradeline?


A tradeline is any line that is on your credit report. Anything reported to the bureau can be considered a tradeline. 


All debts you are currently paying off, including credit cards, student loans, auto loans, or personal loans, are all tradelines. Authorized user tradelines are the tradelines that you see for sale are often. These are what we call “credit card tradelines. “

Will Tradelines Boost My Credit in 2021

Will Tradelines Boost My Credit in 2021

Can I Improve My Credit Score With Tradelines?


Are you monitoring your credit?


If not, you should be.


Too many people out there ignore their credit, as credit can be a bit scary. For those who have had credit problems before, this is especially true. 


It is crucial to understand that your credit is comprised of six main categories:


  • Payment History
  • Credit Card Utilization
  • Credit Age 
  • Total Account 
  • Inquiries
  • Derogatory Marks


Take a look at the first four. These are the main components that can help you boost your score. The last two items can hurt your score.


While buying tradelines can help you boost your credit score, as many people see every day, you will need to consider the standing of your accounts currently.


Do you have overutilization or missed payments?


If you answered yes, you will want to work these things off before purchasing tradelines. 


Finding the Right Tradelines


Many beginners seek out tradelines with huge limits, but most people don’t require huge limits. Huge limits can hurt you if you aren’t careful.


Of course, it is important for you to find the right tradelines for your particular situation.


For example, if you have a few accounts open and around three years of credit experience under your belt, you will want to find tradelines that can provide you with a solid amount of history, as they can increase your average.


There are several ways to go explore the world of tradelines, and here at Personal Tradelines, we love helping our customers and clients make the right decisions when buying tradelines for their particular situations.


If you are ready to begin your journey to great credit, then make sure to get in contact with us here at Personal Tradelines so we can help. We look forward to working with you!