Primary tradelines are accounts that belong to you. This means you are financially responsible for all debts on this account and you are the “Primary Account Holder”.
There are different types of Primary Accounts
1. Revolving Tradelines
These types of accounts that do not end, they revolve. A credit card is the best example of a revolving tradeline, you can run up debt on it, pay it off in full or over time, and when you do, you have your entire available credit to use once again, this is what is commonly known as a revolving account or tradeline.
2. Installment Tradelines
This type of tradeline is the kind where you make installments to pay down a balance and when you’ve made all of your payments, the account become paid and closed. Meaning that once the account is paid in full, it ends or is closed.
The best example of an installment trade line is a car finance account (buying a car and making payments).
3. Mortgage Tradelines
A mortgage trade line is basically a mortgage account on your credit report.
It is technically an installment account, but because mortgage accounts tend to be very large in dollar amount,
we decided to give them a separate category. On mortgage accounts, you typically have 360 installments and
once you are done making all of your installments or payments, the account becomes paid and closed.
Boosting your credit score with Tradelines
Adding a trade line to your credit report.
Having a high limit, low balance tradeline account posted on your credit files, by a real credit provider, can literally boost your credit score by a 100 points.
It’s quite amazing and hard to believe until you’ve seen it with your own eyes.
Credit repair companies love trade lines because they are a fast and sure way to boost your credit scores
and amaze you in the process.
Mortgage brokers and real-estate agents love them because they give their clients a quick
credit score boost which will help them qualify for better rates.
Now that you know what tradelines are…
There are many things to consider about going online and searching for trade lines for sale.
We’ll start by saying that you must be careful.
There are a lot of scammers out there who will claim that they can fix your credit and boost your
credit score using trade lines.
They claim to be able to post a primary tradeline to your credit file. These tradelines are sure to be Authorized User lines. This means that you are not the primary account holder. Creditors will not approve an AU unless the AU being added has a strong provable relationship with the Primary Account Holder. Underwriters who approve loans will require that the AU
1. Has a provable relation with the the PAH. (e.g. Spouse, family member, room mate, Business partner, etc.)
2. Has actually used the credt card. and
3. Has made a payment on the account.
The easiest way to get a few Authorized User Trade Lines to appear on your credit report is to become
an authorized user on someone’s credit card account.
Parents have been helping their children start out in life with good credit by doing exactly this.
Married couples and even friends have also been known to add each other to one another’s
accounts as authorized users to help boost credit scores, and the results have always been impressive.
But then there is the question of shopping for authorized user accounts.
Many questions remain:
Are the accounts really going to help my credit report and score?
Can I trust the company?
What if the person who’s account I become an authorized user on makes a late payment, or defaults?
Do not become an AU on a persons account that you do not know. Generally Creditors will not allow aN AU unless the three requirements listed above are meet. and Credit Bureaus will not accept AU slots without these requirements.
SEASONED PRIMARY TRADE LINES
The "seasoned" part simply implies that the account is aged or that it has an established history.
Below is a list of information that will be on your tradeline, but not every tradeline will contain every item.
Some are for specific accounts such as credit cards, loans or delinquent accounts.
Account name – It includes the name of the lender.
Account number – This is your credit card or loan number. It is not displayed in full on your credit report because of security and privacy issues.
Type of Account – The account is categorized into four account types: revolving, installment, open, installment, or mortgage. A revolving account is usually a credit card such as a retail card, bankcard, or gas card. If you don’t pay in full, the amount you owe “revolves” and it is added on to what you owe the following month.
Installment loans are accounts in which you owe a fixed amount each month for a specified time frame. A vehicle loan is a good example. Open accounts require you to pay in full each month, such as the American Express green card. Mortgage has its own category even though it is also an installment loan.
Account Owner/responsibility - There are four categories of payment responsibility: joint, authorized user, cosign and individual.
A joint account is shared by two individuals, which are usually a husband and wife, who are both responsible for paying the account.
An authorized user is listed on the account, but is not responsible for payment. A child is often added to their parent’s account as an authorized user..
A cosigner is responsible for paying the account, if the signee doesn’t pay it.
An Individual account has one person solely responsible for payment.
Payment status – This is the time frame in which you pay your bills now. The best status is “pay as agreed”.
The list is as follows: Pays as agreed - 30 days late (30-59 days past due) 60 days late (60-89 days past due) 90 days late (90-119 days past due) 120 days late (120-149 days past due) 150 days late (159-179 days past due) 180 days late (180 days late and above) Repossession Charge off Bankruptcy
Date opened – This is date you opened the account.
Date reported – This is the last date a credit grantor reported this account on your credit report.
Date of last activity – The last date there was some type activity on the account, which is usually a payment or billing. This determines the currency of the trade line.
Date closed – The date you or the credit grantor closed the account.
High credit – The maximum amount you have ever charged on this credit card.
Credit Limit - The maximum amount you can charge on the credit card. For a loan this is the original amount of the loan.
Balance – The amount you owe. For a credit card it is the unpaid amount. For a loan it is the monthly payment.
Terms – The monthly payment and number of months of the installment loan.
Months reviewed – The number of months this account has been reviewed, which is how long it has been open. If it is closed, it will be reflect the amount of time it was open.
Date of first delinquency – The first date that you were past due or at least 30 days late on the account.
Date of major delinquency first reported – The first date you were past due 120 days on the account.
Historical payment status – This includes how you paid this account for the past seven years. For the months that you didn’t “pay as agreed”, the month and the rating are listed. As you can see, tradelines are the core of the credit report. They include both current and historical payments which indicate how well you pay your bills now and in the past.
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Q & A
Q HOW IS THIS DELIVERED?
A. This is delivered by instant download.
Q CAN I GET IT BY INSTANT DOWNLOAD?
Q IS THIS THE AUTHORIZED USER OR UCC1 FILING METHOD?
A. No but We teach you how to properly do both of these methods
Q HOW LONG DO THE TRADES STICK?
A. For 5-- 7-10 years, because you own them, it’s legally your account.
Q DO THEY POST TO ALL 3 BUREAUS?
A. Yes. But not at the same time
Q HOW LONG DOES IT TAKE?
A. After you are set up with the accounts, it takes only long as a posting cycle.
Q IS THIS INFORMATION HARD TO UNDERSTAND?
A. You don't need to understand it, our associates will do it all for you.
We give you background information the history of trade lines and step-by-step
"HOW-TO" instructions including the forms that you need.
If you can read and comprehend this page, it will be simple for you.
Q CAN THESE ACCOUNTS BE BACK DATED?
A. They are already backdated.
These are REAL ACCOUNTS and you will pick the ones that fits your needs.
Q WHERE DO THE TRADES COME FROM
A. The originate from the original creditor.
Banks, Credit Card Issuers, Auto Dealers, Retail Stores, Mortgage Lenders etc. etc.
We show you how to access them.
Q DO I HAVE TO SPEND MORE MONEY WITH YOU AFTER I PURCHASE THE COURSE?
A. Not at all. You will have to pay to acquire the tradeline (pennies on the dollar)
and pay a low monthly fee for the line to keep posting.
Q HAVE YOU GUYS USED THIS METHOD?
Q DOES YOUR COMPANY POST TRADE LINES?
A. YES, But on much higher amounts
Q WHAT KIND OF TRADES CAN I POST?
A. Primary, Revolving and Installment
Q DOES THIS WORK FOR BUSINESS CREDIT PROFILES ON EXPERIAN, NEXUS LEXUS & DUNS OR JUST PERSONAL ACCOUNTS?
A. For Business you will have to procure business tradelines and a DnB number for the business.
They work for any credit reporting agency as they all have to abide by the Fair Credit Reporting Act
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Many Tradeline posting scammers (dealers) will charge a large upfront fee and set up a fake payment history for you and report this to the bureaus.
This will not end well for you.
This is how they operate.
They presell enough tradelines to buy a small business that already has at least 200 in house credit accounts. (Such as a Jewelry stores, computer, furniture stores, used auto dealers etc. etc.) Then they apply to the credit bureaus for a reporting account.
When they are approved: they start reporting tradelines accounts....
The credit bureaus will allow them to report up to five years of credit history, if they can prove they have an existing client database.
The bureaus will do an on site inspection, but overall it’s very likely for established businesses to be allowed a reporting account (if they have at least 200 or more trade lines accounts within their current inventory), which they will quickly reassign to those
who are interested in aggressively fixing their credit and positioning themselves to apply for credit using these tradelines for an excellent credit history.
(usually major credit cards, auto loans and mortgages)
A Seasoned Primary Tradeline is listed on your credit report that will essentially, and intentionally miss report (LIE) your credit to the bureaus as "paid on time for 60 months" and never late, no 30 days, no potential for bad credit, its reporting from the past, and will still show an open credit line, with a low balance to add to the positive impact on you credit score.
They will show a $2,500 to $50,000 limit, but with a very low balance, you still owe a few hundred dollars to keep the account open and current...you get the picture. This will have a massive positive impact on any credit score, and will quickly allow a person to apply to lenders with an almost certain approval instantly, that is if you know where to go, and how to apply.
Companies that issue credit to consumers must qualify and meet certain guidelines with the credit bureaus. Eventually these who do not comply with the Bureaus' Reporting Requirements will lose their reporting account.
Unfortunately if the provider gets shut down at any point during the process, it can take months for the word to spread and many people can lose their money if the provider does not offer refunds.
I have heard numerous reports of brokers getting stuck owing tens of thousands of dollars
simply because the provider lost their ability to report these made up Trade Lines.
In order for a tradeline to have any positive impact on a credit score it must be updated every month. Most people elect to open 3 to 5 tradeline accounts with different providers to obtain maximum credit score increases. This also minimizes risks if one provider gets the ax from the credit bureaus.
If you're interested in this type of aggressive credit enhancement, it's important to understand the correct methods to employ. There are legal companies that provide these types of tradelines. They do everything according to the Bureaus rules. They report tradelines to all 3 Bureaus every month. By allowing a high credit limit with a small balance reporting monthly to the Bureaus - will result in a massive impact on any credit scoring model.
You can have these resources.
This was a quote from a dealer who has been dealing in credit lines for over 12 years.
If you really want to boost your credit score with lines in your own name,
your best 2 methods are:
1. Opening new accounts with a high limit low balance legal business that have reporting capability with all 3 bureaus
2. Finding real tradeline accounts that are already posted on the credit bureaus computers and then transfer responsibility of these existing accounts to your name.
This gives you a legal and honest way to get payment history with all three bureaus.
Generally this type provider will only reassign a portion of their potential capacity with the reporting bureaus. Credit reporting bureaus such as Experian, Equifax, and Trans Union all have different guidelines, policies and requirements that businesses must follow in order to maintain their credit reporting capabilities.
Experian is by far more difficult and can take one to two years to become fully qualified to report.
Equifax and Experian is what most consumers are looking for.
Having a strong credit score with one or more credit pulling resources is important for a couple of reasons.
Lenders such as Navy Federal Credit Union, Penn Federal, And other credit unions primarily utilize only Equifax as there source for checking credit before they approve a consumer or business for credit lines and other loans.
If a person adds a primary trade line to their credit file and this tradeline posts to only your Equifax, You will have plenty of funding opportunities with just this bureau by its self.
Equifax lenders are among the easiest lenders to get approved with, especially credit unions.
Experian is the largest of the three credit reporting bureaus. Experian is generally polled by major banks such as Wells Fargo, Citi, Chase, Bank of America, USAA, and Discover to name a few. So if a consumer can acquire a trade line that calls on both of these credit-reporting bureaus they generally can qualify with numerous lenders.
INSTALLMENT VS. REVOLVING DEBT
WHICH ONE HAS A LARGER IMPACT ON YOUR CREDIT SCORE:
Installment loans do have balance-to-original loan amount ratios which effect your score.
You will save money paying off your higher rate interest installment loans,
but it won't do much for your credit score.
Scores will improve faster by paying down your revolving credit cards.
The bottom line is REVOLVING Credit Card Lines
These revolving lines do not have to be Visa or Mastercard.
The challenge for many is finding a provider that has a trade line that is posting timely.
When a provider has a product that is working, they generally place them very quickly.
Typically there will be a limited number available, and when word gets out and goes viral,
these go quickly.
for more information email@example.com
Funding For Tradeline Portfolios
Individuals and small business are often find themselves at a disadvantage:
when they look to secure funding for their tradeline portfolios purchases.
We specialize in acquiring funding for our clients who are buying Tradeline portfolios.
It’s often difficult to find loans from traditional lenders to support your debt portfolio.
We remain focused on helping you take advantage of those opportunities when they arise.
Our associates professional staff presents you with loan packages designed to let you succeed.
This allows you gain leverage that is typically available only to higher-profile buyers.
But with our commitment to helping small business grow,
We stand by ready to help you to acquire the funding you need to secure your Tradeline portfolios.
This is part of the Tradeline eCourse. For no extra cost on your part
Thank you for visiting this website.
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