Trdeline, do they work?
Strange as it may seem, yes. Commercial lines work and in 2021 they continue to provide their service in helping to increase credit scores.
When a person buys a commercial line they are added as an authorized user to another person’s card or account, who will report the new information to the credit bureau and add this new positive information to their credit history, which will benefit them in raising their FICO score and minimizing existing negative information.
Thanks to tradelines your credit can increase up to 200 points and many more, it all depends on how good a trade line purchase you make. This is completely true and effective, for more than 25 years companies have been engaged in this type of service and it is completely legal. And, if you have damaged your credit and want to reinvent yourself, it is necessary to buy tradeine.
How does this work? It’s really quite simple. You pay to use the account of a person who has already established an excellent credit history on the account.
You are listed on the account as a joint account user just before the account is closed. The previous account holder transfers out of the account and you become the primary account holder and inherit all of the excellent payment history. It then appears on your credit report, usually within 15-30 days. This is legal because federal law allows you to add users to your accounts and does not prohibit renting or selling user designations.
‘The number of tradelines you purchase will determine the approximate increase in your credit score.’
That is, purchasing one tradeline will increase your score 40-45 points. If you need a larger increase, you can purchase more accounts.There are companies that offer up to 5 accounts that you can purchase that will give you an approximate 200-225 point increase in your Fico score. This is incredibly good for someone who has a credit score that is in the 500’s and needs to quickly get to 720 to get the best benefits and of course interest rates, better payments and lower down payments.
It is worth noting that this service costs what it is worth when talking about upfront costs.
The current price for a master account is around $1500. It may seem expensive, but it is worth the price, as increasing your score by even 40 points can make the difference of paying hundreds of thousands of dollars less in loan payments.
How long does it take for Tradelines to post?
Once you have purchased a trade line, the estimated time it takes to post that information to your credit report is 15, 25, 45 and up to 90 days, but the truth is that there are companies that guarantee to post in less time.