08/09/2022
COMMON MISTAKES MADE WHEN BUYING TRADELINES:
1.) FRAUD ALERTS OR CREDIT FREEZES
If you have fraud alerts or credit freezes on your account, new
tradelines will not post to your account.
2.) NOT KNOWING HOW TRADELINES WORK.
The most important factor in purchasing tradelines is to know
how they work. Without understanding, it is easy for
commissioned salespeople to lead you astray and sell you
tradelines that are not the best for your particular situation.
3.) NOT UNDERSTANDING HOW CREDIT SCORES WORK.
It is vital to have a general understanding of how your credit
score works. Knowledge is power, and understanding how credit
scores work is worth the investment since your credit can affect
everything from your finances to your job.
4.) VALUING LIMIT MORE THAN AGE.
Many people initially focus on only how large of a credit limit a
tradeline has. They often think that the tradeline with the most
credit limit is automatically the best. Individual results will vary.
5.) BUYING TRADELINES INSTEAD OF PAYING DOWN YOUR DEBT
Having high credit card utilization ratios is a negative factor in
your credit report. This negative factor will always play a part in
your overall credit picture as long as it exists. The only way to
solve the problem is to pay down your credit cards.
6.) ASKING WHAT THE AVERAGE BOOST OF CREDIT SCORE IS.
We do not guarantee any boost of your credit score and we also
cannot say what the average credit score boost from a tradeline
is. Tradelines affect everyone differently.
