You want to buy tradelines, how many do you need?
It often happens that when you want to buy a tradeline with the intention of increasing points in your credit history, you don’t know how much tradeline you need according to your credit needs. So, if this is your case, stay tuned because below you will find out.
If you are one of those who have very low credit or none at all, you should know that companies value the credit score when there are different types of accounts in it, so a credit statement that reflects one or very few accounts will not have many possibilities when it comes to requesting a credit benefit.
And it is here where the possibility of adding one or another tradeline comes in, which are the ones that will help your file to show a greater number of accounts, helping to increase the points in your credit history.
It is worth noting that if your number of accounts is very low, you can start with one tradeline, but the truth is that the more lines you buy and add to your file, the greater the benefits will be.
Keeping in mind that there may be some accounts with negative information in the credit file, such as late payments and collections, the truth is that these negative accounts must be accompanied by positive accounts in order to improve the credit.
The more it costs, the higher the quality and the more beneficial it is for you. It may sound strange, but here is the explanation. Not all people have the same budget, so only a part can buy lines of higher quality, that is, with a higher budget and often make the mistake of going from little to little, dividing the money in small commercial lines, so it is advisable, wait and buy a line of higher quality, of course if you are really looking for results.
Why does this happen?
Because credit scores consider your average account age and the age of your oldest account; an older account is more likely to increase your points, on the other hand two younger accounts may not offer the same benefits.
Everyone’s goals are different, so each person should evaluate their financial situation and account status or credit score and make a decision as to what is best for them. Keeping in mind that before taking any action it is necessary to verify the pros and cons and to have previous knowledge.
An important fact that should not be overlooked and much less left unmentioned is; how important and beneficial it is to have a credit history with an accumulation of accounts, which unlike having a low or empty account file, becomes a thick and high history. The more trade lines, the more likely you are to have a quality credit history.