Making Extra Money as a Tradeline Broker

These days, it can be difficult to find a good side hustle. Making money always requires effort, but sometimes the payoff isn’t worth the trouble. However, becoming a tradeline broker is a terrific way to rake in the extra cash while expelling minimal energy. In fact, there are thousands of people buying tradelines at any given moment. A tradeline broker is needed to act as the middleman between interested customers and legit tradeline companies.

Being a tradeline broker requires very little effort, and is as simple as selling your highest-quality credit tradelines to help others achieve their financial goals. A more accurate description of the average broker’s job duties would be “renting,” because the buyer has only temporary access to the account and the account holder never loses ownership.

Selling tradelines is a simple and streamlined process, especially if it’s overseen by a legit tradeline company with a large number of potential clients. At its most basic state, a tradeline broker simply sells access to their good payment history and/or account age to someone with a less than perfect credit score. By adding customers as an authorized user on their account, that customer receives a swift boost to their credit and can then apply for financing they might have otherwise been rejected for.

Becoming a Tradeline Broker: How Does It Work?

A credit repair company or financial services firm usually hosts a tradeline broker by granting them access to potential account piggybackers. Legit tradeline companies will effectively market the account to prospective clients in need of credit boosting, which further reduces the amount of work required by the tradeline broker whose credit report is being used.

The person with less than perfect credit pays the tradelines supplier and the supplier pays the tradeline broker upon completion of the transaction. There are no special skills required to make money with this side gig. All a tradeline broker needs is a clean, positive credit history, help from legit tradeline companies, and a willingness to share the properties of their perfect credit history with others (while making money by doing it).

While the concept of allowing unknown strangers to piggyback on your credit report may sound risky, it really isn’t. Legit tradeline companies will always keep your personal information protected. As a tradeline broker, only the history of your tradelines is used. This means that buyers can’t ruin your credit rating by charging money to your cards, opening accounts in your name, or anything else. In other words, customers get the benefit of being attached to your tradelines, but they can’t use it in the same way you can.

How Money Is Made as a Tradeline Broker

Not everyone can become a tradeline broker, unfortunately. It requires the account holder follow some rather strict guidelines. After all, you’ll be selling your tradelines to consumers who need it to be in top working condition.

The key to making money as a tradeline broker is to associate yourself with legit tradeline companies. Furthermore, having impeccable credit and a decent number of open credit cards is essential. Chances are, if you have neither of those things, you won’t successfully sell tradelines or make any real side cash regardless of which company you use.

In this consumer-driven economy where many people aren’t as frugal with their credit as they should be, a legitimate tradeline broker is in high demand. Those who want to buy a house, a car, or even new furniture for their home require decent credit to do so. In fact, some insurance policies and jobs even demand good credit scores, making a well-prepared tradeline broker a must-have in many cases.

Legit tradeline companies act as matchmaker for tradeline brokers and consumers who need to boost their credit scores quickly. Usually, the company sells tradelines for a set amount and the tradeline broker makes a percentage of that. The more clients helped, the more money the broker stands to make. Most companies pay brokers a percentage based on two factors:

1. The age of their positive credit history
2. The credit limits on their open credit cards

Put simply, the older the account and the higher the limit, the more money a tradeline broker earns. So, you won’t receive the full amount charged by the company, but you will receive a decent sum that’s directly related to the quality of your tradelines. Once paired with a client with poor credit, a tradeline broker will immediately add them to their credit card as an authorized user and that client receives the benefits of good credit as though they earned it themselves.

Fortunately, there is no direct contact with clients required to get the job done. In fact, legit tradeline companies usually do everything online and need very little from the broker. Most of the time, a tradeline broker only has to sign in to their portal, add an authorized user from the list provided, then log back out to make significant dividends.

Mitigating Your Risk as a Tradeline Broker

Luckily, there is little to no risk associated with becoming a tradeline broker when you work with legit tradeline companies. Because the authorized user has zero permission to spend money or charge purchases on the broker’s account, the chances of becoming a victim of fraud are limited greatly.

Typically, a tradeline broker will receive a new credit card in the mail once the client is added as an authorized user. At that point, the card can be immediately destroyed so as to prevent it from falling into the wrong hands. Meanwhile, the client never even sees the card, so they remain unable to copy card numbers or swipe it at stores.

At the same time, the tradeline broker (a.ka. cardholder) should still do some minor spending on their main card to maintain activity and avoid fees. Simply handle your finances the same as you always would – pay a bill, charge a small purchase, and then pay off the balance at the end of the month. This will keep your credit score and spending limit high, thereby maintaining your ability to make as much money as possible.

Be sure to wait a few months before having the authorized user removed from your account. Legit tradeline companies might even do this for you, so be sure to ask about your rights and responsibilities. Since buying tradelines is a popular option for struggling consumers, you’ll likely have plenty of money-making opportunities. Interestingly, the average amount of time spent by a tradeline broker on each deal is only about a half hour.

 

This article was written for Grand Teton Professionals for Top Tradelines. For Credit Repair Solutions and Support, please contact us at 203-518-4923 or email us at Support@TopTradelines.com. For Media Relations, please contact Misty.Burrell@GrandTetonProfessionals.com

How Your Credit Score Is Boosted When You Add Tradelines

Many people remain uncertain about how tradelines work or why and how they boost a credit score so significantly. Understanding why it’s so useful to add tradelines to your report is the key to speedy credit repair. Typically, credit repair simply means challenging or disputing the negative items that show up on a person’s credit report. However, credit repair can also mean slowing removing excessive limits that are no longer useful. Either way, adding the right tradelines to your credit report can boost your scores quickly and legally without requiring you to send out numerous disputes or remove useless credit limits from your account.

Usually, credit score boosting takes a long time. In some cases, consumers and businesses deal with unfavorable credit scores for several years. Alternatively, when you add tradelines to your credit report it can improve your credit rating almost instantly. Most of the time, credit scores and reports are updated monthly. But, when you add tradelines to your credit report the improvements get made within about 30 days.

The Basics of Tradelines

Put simply, tradelines are defined as any line of credit on your credit report. Trade lines of credit can come in the form of credit cards, utility bills, personal loans, or business loans. While your credit report features numerous tradelines already, adding fresh tradelines to your credit report can make a significant difference.

Essentially, there are two main types of tradelines: primary tradelines and authorized user tradelines. Below are the definitions of both:

• Primary Tradelines – A primary trade line of credit is an account under your own name or one on which you are the cosigner. With primary tradelines you are responsible for any and all debts because you are the chief account holder.
• Authorized User Tradelines – With authorized user tradelines, you are basically an authorized user of a primary account that belongs to another entity. Authorized user tradelines keep you exempt from any responsibility for debt or liability. That’s even the case when the charges are obviously made by you.

With authorized user tradelines, the history of the account gets reported to the three major credit bureaus (Experian, Equifax, and TransUnion). Therefore, if the primary account holder pays their bills on time and uses less than 30% of their available credit, your credit rating is increased as a result.

Commonly referred to as “piggybacking” someone else’s flawless line of credit, those who buy tradelines for credit report improvement use a legitimate method to circumnavigate the otherwise lengthy process of doing it naturally. At times, tradeline relationships are formed through an agreement between two parties. Other times, consumers and/or businesses buy seasoned tradelines for sale through a reputable broker.

Using Tradelines to Boost Your Credit Score

If your ultimate goal is to improve your credit score, then it might be wise to add tradelines to your credit report. However, it’s probably a good idea to utilize both the acquisition of clean tradelines and effective credit repair services simultaneously. Because simply adding a trade line of credit won’t necessarily boost your credit scores without a good foundation, it’s important to delete the negatives first.

Keep in mind that to make the most of the tradelines you buy, it’s important to always research an established company who specializes in listing high-quality tradelines for sale. Often, those companies act as middlemen to keep things clean, professional, and legitimate. Be sure to read reviews, watch testimonials, and talk to customer service agents before buying anything. Furthermore, look for a company that offers a free credit analysis with no obligation, as a comprehensive examination of your credit report can help all parties figure out which tradelines are best for your unique situation.

While you’re at it, never let the fees alone dictate your decision to buy tradelines for credit report boosting. Yes, it is going to require an investment, but think of it this way: You can invest several years of your time waiting on your credit scores to improve on their own, or you can invest a little money to make it happen faster. When you buy tradelines to build credit, you open up numerous doors of opportunity that you would not have otherwise had.

Tradelines are a terrific way to potentially improve your credit rating quickly, and they are especially effective for those who have limited or no established credit history. While they may be beneficial to people with existing credit histories, that credit history needs to be a clean as possible for tradelines to make much of a difference. Bad credit will cancel out any boost provided by new trade lines of credit and will thus end up as little more than an unnecessary expense.

Luckily, effective credit repair is often provided by the same companies that sell tradelines. Moreover, credit repair is usually fast, easy, and can be done online with little to no effort on your part. When prioritizing a healthy credit history, here are a few tactics to keep in mind:

• Get Monthly Credit Reports

There are numerous websites that allow you to check your credit as often as you’d like without incurring a hard inquiry in the process. Some credit card issuers offer that incentive as well. Sign up for email or text alerts while you’re at it, as that makes things much more convenient. Since mistakes can happen on anyone’s credit report, catching them as soon as possible is important.

• Add Tradelines that Actually Work

Think carefully before you add tradelines to your credit report. This goes for regular “new” lines of credit and purchased tradelines. Diligently gauge the potential benefit (or damage) and compare it to any possible near-future situations. If you’re planning to start shopping for something within the next year, then you may want to consider adding seasoned trade lines of credit to boost your scores beforehand.

• Make Payments on Time

While this may seem obvious, it’s an easy one to mess up. Either choose automatic payments that get debited from your bank account or sign up for reminders. Although many lines of credit offer a little wiggle room for a grace period, you don’t want to play with fire. Keeping your payments made on time will naturally improve you credit score and can make any purchased tradelines more effective.

With so many avenues to improve your credit, it makes sense to take advantage of as many of them as possible. Tradelines may be one of the lesser-known strategies, but they are legitimate, fast, and effective if you use them in the right way. Under the ideal circumstances, your credit report can flourish when you add tradelines to it.

 

This article was written for Grand Teton Professionals for Top Tradelines. For Credit Repair Solutions and Support, please contact us at 203-518-4923 or email us at Support@TopTradelines.com. For Media Relations, please contact Misty.Burrell@GrandTetonProfessionals.com