Sale Tradelines
By: Heather Hanks May. 13, 2019
Piggybacking is a quick and easy way to instantly boost your credit. It involves searching for authorized user tradelines for sale and adding them to your account. This ensures that someone else’s credit history shows up on your report. Many banks can do this for you, but you can also go through a professional tradeline company. The benefit of working with a professional company is that they will pair you with buyers who pass background checks. The process can be tricky because there is a lot of misleading information out there. There are also scammers lurking to steal your information.
Selling your tradeline is a good way to help someone out. It can also be a good way to boost your own credit score. If you are in the market to buy or sell a tradeline, then you'll need to work with a professional agency to guarantee your protection. It can be hard to find affordable credit tradelines for sale. Always work with a reputable company to ensure your safety. Selling your tradeline is a great way to make some additional income and add credit history to your report. But it requires some work on your part. All you need to do to get started is to have good credit history. Then find the right company to work with and sell your tradeline. This article serves as your guide to finding the best credit tradelines for sale.
How does Sale Tradelines Work
You don't want to just buy any tradeline you come across. The best tradelines for sale are the ones that you purchase safely from a professional company. Working with a professional tradeline agency means that your information will be secure and protected from identity theft. It also ensures that person you are piggybacking with has good credit and can be useful to you when it comes to building your credit.
Sale Tradelines Safely
Sale Tradelines Process
When you sell your tradeline using a professional company, your information stays safe and secure. The authorized users added to your account won't know anything about you. You will know exactly who they are because you will see their activity show up on your account. Any authorized users added to your account cannot spend all of your money or cancel your credit card. Professional companies act as a gateway between you and your authorized user or the person that buys your tradeline. Selling your tradeline through a professional company means that they will find buyers who clear background checks to prevent fraud. They will collect the money from them and send you the information. Then, you'll add the authorized user to your card and remove them several months later. Most companies will pay you through direct deposit after several months of allowing an authorized user on your account.
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The first thing you'll need to do to sell your trade line is to have clean credit history
This means that you should not have any delinquencies within the past year. It also helps if you have a high credit score is this means that your credit history is favorable.
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Next, you'll need to find the right tradeline company to sell your account through.
Working with a professional agency is the best way to ensure your safety. They will do background checks on potential buyers so that your identity and money remains safe and secure. Most banks do not buy or sell tradelines, which means that you'll need to go with a professional agency who does. Look for one who performs a LexisNexis background search on all potential buyers.
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Once you have picked a tradeline company to go with, you’ll need to choose which credit card you want to sell read lines through.
A professional company should be able to tell you what they pay for each trade line that you sell. It's a good idea to increase the credit limit on your cards to make room for potential income from each tree line that you sell. Keep in mind that you can have more than one authorized user per credit card. This is a good way to increase your potential income. Most agencies will have a limit, but most agencies will tell you that to authorized users per credit card is good. If you have business tradelines for sale or mortgage tradelines for sale, then you should keep these accounts separate.
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The tradeline company you go with will help you list your trade line on their website.
Once someone buys your tradeline, you will get an email explaining the process. You won't receive your money for a few months after the authorized user is added to your account. Be sure to follow all instructions in the email provided by your tradeline agency to make sure you receive compensation. You'll need to add the authorized user to the card that you listed as for sale. The credit card company will then send you a new card for the authorized user. You won't have to activate this card.
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The next step is to read all instructions in your follow-up email, which will arrive approximately two to three months later.
This email won't inform you how to remove the authorized user from your account. Follow these instructions to remove all authorized users from your accounts. It helps to keep track of all authorized users. Record information that includes when you added them, which card you added them to, and when you remove them from your account. You also want to keep track of when you got paid.
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Get paid!
Repeat this process as often as you can to sell your tradelines and make some extra cash.
Benefits of Sale Tradelines
The purpose of selling your tradeline might be to make some extra money. People buy tradelines as an easy way to instantly boost your credit score. A good credit score ensures that they get better loan rates and can help reduce their insurance costs. It's important to note that this process is not the same as if you were to go through a credit repair service. Having a negative item on your credit history report will remain there. However, selling your tradeline to someone in need can help them boost their credit score as long as they are not adding more negative items to their report than they already have.
Potential Risks of Selling Tradelines
All potential risk can be eliminated by selling your tradeline through a professional tradeline company. Never try to sell your information by yourself. This is how identity theft occurs. The benefits of selling your tradeline outweigh the potential risks. It's an easy way to earn additional income and boost your credit score in the process. You'll be adding to your credit history, which was is one of the primary ways to boost your credit score. Remember that selling tradelines will not erase any negative items you have on your report. It's not a credit repair service. These items will need to be removed by calling the three major credit reporting bureaus. You can also hire a credit repair service to put in the work to have them removed from your report.
Is Selling Tradelines Legal?
Selling tradelines is perfectly legal. In fact, many banks encourage you to sell your tradeline or to participate in piggybacking by adding authorized users to your account. You can see for yourself by visiting your bank's website and searching for the term “authorized user.” You'll learn countless ways to add someone to your account as an authorized user. This is a good way for all parties involved to boost their credit. Although selling tradelines is legal, not many banks participate in piggybacking. Because of this, you’ll need to look for a trusted and reputable tradeline company who can do this for you.
