The options available when choosing what tradeline is best for you can be overwhelming. For example, you might be wondering if you should get five small tradelines, or one, older, more powerful tradeline. Which one will be the most effective for your needs. Should you get the cheapest tradeline? Should you get the tradeline from the same cardholder, or should you diversify? Listed are five tips on wholesale tradelines here to help you make your decision.

Tip 1: Have At Least 3 Tradelines

At the minimum, you should try to have at least three open and positive tradelines or accounts on your credit report. It isn’t enough to just have one tradeline if you want to get approved for a loan. You can have two lines of credit in your own name, and then purchase a seasoned tradeline to bring your total tradelines up to three.

Tip 2: Older Accounts Are More Powerful

In general, older aged tradelines and higher credit limits will mean that you will see a more significant increase in your credit score. Of course, it depends on your personal financial history, but this rule tends to be the case. You might purchase the same tradeline as someone else and not see as good of a boost because it ultimately also depends on your credit history. However, overall, adding an older tradeline that has a high credit limit will give you more benefits than a smaller, newer tradeline.

Tip 3: Get Tradelines From The Same Cardholder

When you purchase a new tradeline, that new address gets adding to the backend of your credit report. While this isn’t a big deal, and won’t directly affect your credit score, you still need to be careful. If you add too many new addresses in a short time span, it will indicate to the credit reporting agency that you are not in a stable position, and might not be trustworthy with a larger credit limit. Therefore, you should limit yourself to just one cardholder, or two at the most. You can also opt for a tradeline package that will help your account credit look more legitimate.

Tip 4: Look At Your Credit

As mentioned earlier, purchasing a tradeline isn’t going to fix everything. You also need to make sure that there aren’t any problems on your end that will reduce the impact of a seasoned tradeline. Looking at your credit report, you can identify what issues you might have and how to fix it. For example, if the age of your credit account is too low, then you know you need a seasoned tradeline that is at least ten years old. If your debt utilization is over 30%, then you might need a higher credit limit card to help reduce that percentage. For those with many negative inaccurate accounts, you can conduct a credit sweep to clear up any problems.

 

Identifying what issues you have on your end can help you find the best seasoned tradeline for you.

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