This can help to improve your credit score over time. But not everyone needing to build credit has access to someone who can add them as an authorized user.
This is where Tradeline Supply Company can help.
What is Tradeline Supply
Tradeline Supply Company is a company that allows consumers to purchase authorized user tradelines. Think of it as tradeline renting.
Tradeline Supply Company is a legitimate company, based in San Diego, CA, that has been in business for over 10 years. They have a good reputation and are widely trusted by many consumers.
Tradeline Supply Company has automated the process of buying and selling tradelines, offering some of the lowest tradeline prices in the industry, educating consumers on how credit works, and making tradelines accessible to everyone.
Tradeline Supply provides equal opportunities to those who do not have access to authorized user tradelines through friends and family by providing an online platform that allows for a greater network of connections.
An authorized user tradeline is a credit history that is added to your credit report when you are added as an authorized user on someone else’s credit card account.
Adding positive credit accounts can help improve your credit score, as the accounts will show up on your credit report as having a good payment history, a high credit limit, and a low utilization rate.
Are Tradelines Legal?
There may be some confusion about the sale of tradelines but the Federal Trade Commission (FTC) has not taken a definitive stance on the legality of buying and selling credit tradelines. However, the FTC has issued guidance that suggests that the practice may be legal, as long as certain requirements are met.
For example, the FTC has said that tradeline sellers must be transparent about the terms of the sale, and they must not misrepresent the benefits of buying a tradeline.
Additionally, the FTC has said that tradeline buyers should be aware of the risks involved in buying a tradeline, such as the possibility that the tradeline may be cancelled or that the seller may not be able to provide the promised credit history.
Purchasing tradelines have not always been accessible to everyone. In the past, the high cost of tradelines meant that only the wealthy could afford to purchase them.
However, innovations in the industry have lowered the cost of tradelines, making them more affordable to a wider audience. While the practice of buying and selling tradelines is not illegal, there are many illegal and unethical tactics used by some tradeline companies.
Here are some things to watch out for:
- CPNs. Some companies sell “credit profile numbers” or “credit privacy numbers,” also known as CPNs. These companies claim that you can use a CPN instead of your Social Security Number (SSN) to apply for credit if you have bad credit. However, using a CPN is illegal and can lead to identity theft and other problems.
- Address merging. Some companies ask you to provide your address when you purchase a tradeline. They then merge your address with the address of the person who is selling the tradeline. This can make it look like you have a better credit history than you actually do.
If you are considering purchasing an authorized user tradeline, Tradeline Supply Company is a good option. They are a reputable company that offers a variety of tradelines to choose from at competitive prices.
Pros and Cons of using Tradeline Supply Company
Here are some of the pros and cons of using Tradeline Supply Company:
- Legitimate company with a good reputation
- Wide variety of tradelines to choose from
- Competitive prices
- Easy to use website
- Money-back guarantee
- The process of purchasing a tradeline can be time-consuming
- There is no guarantee that your credit score will improve
- There is a risk of fraud or identity theft
Overall, Tradeline Supply Company is a legitimate company that offers a valuable service.
Here are some additional things to keep in mind when considering purchasing an authorized user tradeline:
- Read the terms and conditions carefully before purchasing a tradeline. Make sure you understand what you are getting and what you are agreeing to.
- Be patient. It can take several months for your credit score to improve after purchasing an authorized user tradeline.
- Keep up with your payments on your own credit accounts. This is the most important thing you can do to improve your credit score.