A tradeline is any account appearing on your credit report.
If someone with a good credit score adds you as an authorized user to one or more of their seasoned tradelines — like a credit card — you might reap the benefits of their positive credit history.
Buying a tradeline is sometimes called “renting” a tradeline. Although the name is different, the concept is the same.
Please reach us at info@tradlinetips.com if you cannot find an answer to your question.
Usually buying one trade line will increase your score 40-45 points. If you need a bigger increase you can just purchase more accounts. There are companies that offer up to 5 accounts that you can purchase which will give you an approximate increase of 200-225 points in your fico score.
A tradeline helps you improve your credit score so it will reap all the benefits a good credit score enables you to achieve. Without a good credit score, you will have limited access and services of your credit card, loan plan, and a higher rate of mortgages. In short, you will have to end up paying more money than usual.
What Happens When You Are Removed From a Tradeline? If you're an authorized user on a credit card, you or the primary cardholder may choose to remove you from the account. If this happens, the tradeline will no longer appear on your credit report
Conventional loans require at least three tradelines (any combination of credit cards, student loans, car loans, and so on) that have been active within the past 12-24 months. FHA loans require two tradelines. It's fine to have more, but if you have fewer, you won't qualify for a mortgage
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