TIPS FOR SELECTING TRADELINES
The amount by which a credit score can increase is different for everyone. We stick to a few rules of thumb when determining the benefits that you will receive:
- Higher limits and older aged tradelines correlate to bigger credit score increases.
- More older accounts make your file more solid.
- If you have nothing on your credit file, you must select something at least 6 months old to generate a credit score and avoid a thin file error.
- The fewer addresses you have on your credit report, the better. We can filter the list by address code to help you select lines from the same cardholder or we can help you with this one-on-one. Please contact Val or Mike directly if you want to do this.
- All of our tradelines are under 30% unless otherwise noted in the comment section. All tradelines have perfect payment history.
- If you have negative items on your credit report, this can offset the boost that you could get. You may need to have a credit sweep, which we provide, in order to get the maximum boost possible from tradeline(s). Tradelines are not a band-aid, they are an enhancement.
FREQUENTLY ASKED QUESTIONS
First Coast Financial Matchmakers legally adds positive history to your credit report. We do this by adding you as an authorized user to a tradeline, allowing you to “piggyback” off of the account in good standing. This is possible because creditors will provide credit bureaus the entire account history on any given tradeline for an authorized user. FICO® digests this newly added credit and recalculates your score with drastic improvements. A tradeline is a credit line/account that is on your credit report. For example, any of your credit cards are considered tradelines on your credit report. Your car note is a tradeline. Your mortgage is a tradeline. A student loan reporting to your credit report is a tradeline. The only type of tradelines that we provide here though is Authorized User tradelines, with perfect payment history, low utilization (under 25% unless otherwise noted) and perfect payment history.
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Tradelines post 10 - 15 days AFTER the statement date given you placed your order at least 3 DAYS BEFORE the statement date. Orders and payments must be made AT LEAST 3 days before the statement date in order for your tradeline to post that month. [We are known to make magic happen.]
We guarantee our tradeline(s) will stay on your report for a minimum of two posting cycles which is at least 60 days. Certain tradelines like Discover, Capital One and Chase, can remain on up to 90 days. Note that industry average is only a 30 day posting, so you are getting an amazing deal here. If you would like to extend a tradeline lease for a fee, please let us know by within 35 days of your purchase. Note that after your lease has expired, the account will remain on your credit report. It will just change to a terminated authorized user status. Its great that the account remains on your file indefinitely thus making your credit report more solid.
Every client is different, but we recommend to follow the tips above in order to get the best possible boost to your credit score.
An increased credit score will allow you to secure better interest and approval rates on credit cards, car loans, and mortgages. It also impacts your car insurance rate, the ability to rent an apartment, put utilities in your name without a down payment, or personally guarantee your own business. Also certain professions/employers require a certain credit rating for employment. Having a higher credit score means better loan terms, hands down.
When your authorized user lease has expired, the information will remain on your credit file, however it will show as a closed account. This is fine because the more positive accounts on your credit file, the stronger your file will be. The most impact you will get out of the tradeline will be while you are in an active status on the tradeline. Your score may or may not dip slightly when your lease has expired. What we have seen historically is a dip when the authorized user is removed, but not to as low as it was before the tradeline was added. Every file is different. Don’t delay, take action as soon as your tradeline(s) have posted to your credit file.
No. The tradeline you purchase will appear in your credit file, however you will not get the card. The goal of tradelines is for you to reap the benefit of a credit score increase/file solidification, then reach for your financial goals. What you are purchasing with tradelines is the information to be essentially copied and pasted in your credit file thus giving you an increase to your credit score in a very quick amount of time.
Bank of America Chase Quick Pay Wells Fargo Surepay Western Union Zelle (zellepay.com) We DO NOT accept credit cards or PAYPAL. It is a violation of Paypal’s user agreement for any credit related company to use their platform for their services.
No. However you will need your personal credit as a business owner and entrepreneur. It behooves you to build a maintain a good credit score! We help you do that.
Credit Check Total is best for posting tradelines to your file and seeing results sooner, in real time. We also like Equifax.com, IdentityIQ, and Privacy Guard. Paid 3 bureau monitoring services are always preferred over the free ones like Credit Karma. Keep in mind we do not accept Credit Karma or any free service to report a non-posting issue (industry standard).
No but we can point you to the right direction to getting your own primary, so that you can solidify your credit score even more. Please see our blog post on PRIMARY TRADELINES or ask any members of our team for our free primary e-book.
Half price of the original price for one month’s additional posting (an extra 30 days). Full price of tradeline for 2 additional postings (an extra 60 days.) You must notify us within 35 days of placing your order to make a request to extend your lease. Please get with us and we will help you.
Some lines do not post automatically so we need to merge the tradeline address onto your credit report and by doing this it will make the tradeline report to your credit file. This will result in a credit inquiry to your file. It is the only way to get most tradelines to post. Do not be alarmed, this is just an address merge to your credit file. If you do not want this, there are only four options of tradelines you can pick from that do not require a hard pull, and they require specific supporting documents for the bank. Please email us so we can guide you through it.
Yes. If you don’t then the tradeline will not post properly. It is the client’s responsibility to call each credit bureau and remove the fraud alert, it is a simple phone call to each bureau to remove it. You can always add the fraud alert back as soon as the tradeline reports if you wish.