Primary Tradelines VS. Authorized User Tradelines
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Have you heard either of these terms before? They both have to do with your credit report, but each serves its own purpose. The main difference between the 2 is who is responsible for paying balances on the accounts. Read on to find out more!
What are Primary Tradelines?
Primary tradelines are the credit accounts that are opened in your name where the creditor has extended credit to you. You are responsible for the transactions that occur on these tradelines. These are the kind of tradelines that most of you are likely familiar with.
How Do Primary Tradelines Help My Credit Score?
There are 5 main factors that are used in calculating your credit score. These include Payment History, Overall Credit Utilization, Credit History Length, Credit Mix, and Amount of Inquiries. Primary tradelines are one of the main items on your credit report, so they will affect each of the 5 factors listed above. If you would like to learn more about the basics of your credit score then check out our article titled, "Your Credit Score & What it Means to You" .
Can Buying Primary Tradelines Repair My Credit?
If you could buy primary tradelines than yes, they would greatly help improve your overall credit profile. Unfortunately, primary tradelines can not be purchased since the original owner is the only one who is responsible for the account. But don’t fret, there is something called an Authorized User tradeline that can be purchased and can help to diversify your overall credit profile!
What are Authorized User Tradelines?
Authorized user tradelines are a revolving credit card account onto which an individual is added as an authorized user. They are typically revolving lines of credit on which someone places another as an authorized user account holder. The account will report to the client’s credit report and can help to increase average account age, improve payment history, and lower utilization depending on the client’s specific needs. This proven method has helped countless people improve their overall credit profile.
Do People Actually Buy Authorized User Tradelines?
The answer to this is ABSOLUTELY! People have been legally buying and selling authorized user tradelines for years to help bolster their credit profiles. The important part is to make sure you are doing business with a reputable company.
What to Know Before Buying Authorized User Tradelines?
One of the most difficult decisions when it comes to authorized user tradelines is choosing which company to purchase them from. There are many dishonest businesses out there who may not provide the services that you expected. This article is meant to provide you with an introduction to authorized user tradelines and how they could benefit you, while also providing a safe, proven marketplace to purchase them from.
Before purchasing a tradeline it is important to make sure you have a copy of your up-to-date credit report for all three major credit bureaus including Transunion, Equifax and Experian. This will allow you to be able to make an informed decision when it comes to choosing which tradeline will serve you best in your specific situation. Tradelines usually can make the biggest difference when being added to a blank or nearly blank credit profile. If there are many negative items such as collections, charge-offs etc. a tradeline may not be able to make much of an impact. In those situations you may want to address the derogatory items prior to adding a tradeline. 3FreeScoresNow.com provides clients a free 7-day trial which includes a 3-bureau credit report among other benefits.
Best Authorized User Tradeline Companies
Why don’t we get right to it? The top of the list, the cream of the crop, the best of the best, Tradeline Supply Company! This company has been in business for many years and are in my opinion one of the best, safest tradeline companies out there. Not only do they offer authorized user tradelines for sale, but they also provide free educational resources to make sure that clients are well informed before making a purchase! Tradeline Supply Company has one of the largest inventories of tradelines to meet any client’s specific needs. Although prices may be a bit higher than other alternatives, it is well worth the money for the extra peace of mind and resources available to customers on their website. Another important feature of Tradeline Supply is their guarantees policy which clearly lays out what they do and do not guarantee, which helps to prevent misunderstandings and confusion in this all too often confusing business. Don’t take my word for it, check them out and see for yourself!
Another GREAT authorized user tradeline company worth discussing is Tradeline Genie. Tradeline Genie has been in the business for years and has extensive, industry specific knowledge as well as a history of great customer service! Their website is located at TradelineGenie.org and is very easy to navigate. It also has a great FAQ section that should answer any questions you may have. My favorite thing about Tradeline Genie is the amazing prices! Their tradeline prices are unbeatable which is why they are a great choice for the budget conscious consumer. Also, they have a great cardholder program where you can make passive income while helping others to achieve their financial goals! If you are interested in this program, please send them an email at Orders@TradelineGenie.org.
Hopefully I given you a better understanding of the difference between primary tradelines and authorized user tradelines. Although they have distinct differences, they both play an important role in the calculation of your credit score. If you would like to learn more about how you can improve your credit score, visit our article titled, “How to Improve Your Credit Score”.