Seasoned Tradelines FAQs
If you’ve been keeping tabs on the world of credit and finance, you’ve probably come across the term “seasoned tradelines.” Having a friend or family member with a seasoned tradeline can be a real asset to one’s financial health if they add you as an authorized user to their account. Tradeline Supply Company, LLC creates a platform to connect those who are looking for seasoned tradelines with those who can add authorized users to their accounts. Let’s dive into some of the most popular frequently asked questions about seasoned tradelines so we can have a better understanding of what they are and how they work.
What Are Seasoned Tradelines?
A seasoned tradeline is a credit account which has been aged for a period of time, generally at least two years. When people refer to purchasing seasoned tradelines, they usually mean credit card accounts that authorized users can be added to. Just because an authorized user is added to a seasoned tradeline, this does not necessarily mean that the new user will be able to make charges to the account.
Some tradelines are more seasoned than others. A tradeline that has been open for several years with perfect payments and high amounts of credit available will be more valuable than one that has only been open for one year. Different tradelines may be useful depending on the card and each individual’s situation.
Are Seasoned Tradelines Legal?
People with strong credit almost always have several seasoned tradelines in their credit file. The term “seasoned tradelines” simply refers to credit accounts that have been open for a period of time, which certainly does not involve anything illegal. Seasoned tradelines are not illegal, but when purchasing them through a company, it is important to only work with legitimate and reputable companies. Unfortunately, some tradeline sellers use Credit Profile Numbers (CPNs) to create fraudulent identities or mislead those hoping to improve their financial situation. That’s why it’s important to use a platform that does not allow CPNs. Find out why Tradeline Supply Company, LLC doesn’t accept CPNs.
How Are Seasoned Tradelines Different Than Primary Tradelines?
Primary tradelines are accounts that belong to the primary user, the person who was issued the credit. If you have a loan in your name, for example, that would be a primary tradeline. While some people think that primary tradelines hold more weight than authorized user tradelines, this is not always the case. Regulation B of the Equal Credit Opportunity Act requires that creditors consider authorized user information, which promotes equal treatment of all credit applicants. Therefore, in many cases the authorized user position is also weighted very heavily and possibly even equally in some scoring models.
A seasoned tradeline is simply an account that has been aged, which could include both primary accounts and authorized user accounts. However, in the context of purchasing seasoned tradelines, the term usually refers to the process of adding authorized user accounts to one’s credit file. Those who do not have a primary tradeline of their own may turn to seasoned authorized user tradelines for sale.
How Quickly Can Seasoned Tradelines Impact My Credit Score?
Seasoned tradelines can show up on credit reports in as little as 5-11 days, but this depends on many factors including the date the AU is added and the reporting period of the tradeline. Each tradeline has its own reporting period during which changes to the account post to the credit bureaus. These seasoned tradelines are reported to the credit bureaus at around the same time each month, with typically no more than a 7-day variance. Factors such as bank holidays or general reporting fluctuations may affect this timing.
When you find tradelines on Tradeline Supply Company, LLC, we provide a “purchase-by date” that lets you know when you must purchase your tradeline by in order for us to guarantee that it will post in the upcoming reporting period. If you miss this date, we guarantee your tradeline will post by the following month’s reporting period.
If you have purchased a seasoned tradeline that you believe has not posted, please wait until the entire reporting period has passed before reaching out for support. In addition, make sure that your Credit Karma account has been updated after the reporting period.
Are Seasoned Tradelines More Expensive?
The pricing of a seasoned tradeline depends on how seasoned it is as well as the credit limit. A tradeline that has been open for several years with a pristine payment history will be more valuable that one that has only been open for a year.
Depending on each individual’s situation, different types of tradelines may be appropriate, even “unseasoned” tradelines. Contact one of our tradeline experts for help figuring out which tradeline may be right for you.
How Can I Purchase Seasoned Tradelines?
Placing an order for a seasoned tradeline is easy with Tradeline Supply Company, LLC. In just a few steps you can order your seasoned tradeline on our secure website. For a step-by-step guide, check out How to Place an Order.
For more information on seasoned tradelines, be sure to visit our question and answer section.