If you have a bad credit score on your credit account, you might be looking to improve it in order to borrow more money and get low interest rate offers on the loans you take. Doing this is possible by buying tradelines from tradeline provider company.
However, since there are many fraudsters in the market which miss lead people like you, you should do the due diligence before buying any amount of trade lines from a tradeline provider.
Here are some easy ways of choosing a good tradeline provider company. You can get various authorized user tradelines for sale by choosing a good company.
What is The Number of Banks They Utilize?
One of the best ways to assess the quality of service or tradeline company is by taking a look at how many banks they use in their service. Knowing this is very important since lots of banks do not provide accurate credit reports.
So, if a trade line provider company is using too many banks, this might indicate that their failure rate is high, or they are trying to use a type of address fraud.
In an address fraud, a trade line company basically shows both yours and the AUs address as the same when they are not. This is a type of fraud that you must avoid.
How Much Utilization They Use?
When hiring a tradeline selling company For the task, you should also ask them how much utilization they use in their tradeline service.
Asking this is very important because some companies use as much as 30% utilization ratio, which is not good at all. Hire a company which utilizes 15% or less of your account.
How Long Their Tradelines Will Take to Post?
When it comes to actually posting tradelines, some companies say that their trade lines might take 60 days to show up on your credit account. This means that they do not have an efficient tradeline posting system in place. Tradelines should only take a few weeks before they show up on your account.