What do credit profile numbers and big foot have in common?

What do credit profile numbers and big foot have in common?

Sep 16

You are probably aware of the “credit profile number”, which is like Bigfoot: everyone’s heard of  ’em, but no one seen ’em (except the fringe element of our society and those that want to believe in something that doesn’t exist). The concept of adding trade lines to a credit profile number (or “CPN”) seems to be the magical combination to boost credit scores to heights you never thought possible. Unfortunately, for everyone involved, this is simply a wive’s tale and may bring about legal consequences should one pursue it. Wait, what are you talking about? What’s a CPN? If you haven’t heard of a credit profile number, it’s simply the application for a new nine digit number or the acquisition of a pre-existing nine digit number (usually a child’s or a deceased individual’s Social Security Number) used for credit purposes. This supposed benefit is derived from the fact that this new (or “secondary”) number is not associated with any prior credit history. Therefore, it’s as if you could start fresh with a new credit file… and all of that negative stuff attached to your current credit file magically becomes a relevant. The jury’s still out on credit profile numbers… literally. Despite the fact that it appears to be nothing short of horse malarkey, there are compelling cases made in favor of credit profile numbers. Superior trade lines, LLC describes the credit profile debacle in detail. They reference obviously unqualified companies who ramble on about nonsense, they reference well seasoned attorney who opine about CPN’s as well, and reference a 200 page blog post written by a proponent of the “strawman” theory. The point superior makes, with which I have to agree, is that even if credit profile numbers existed outside of Loch Ness, the legal process and burden associated with obtaining a credit profile number would probably outweigh the time and energy it would take to pay off all your debts and sue creditors who reported inaccurate information about you to the bureaus. It’s not about “right” or “wrong”… it’s about wasting time. People will believe what they want to believe, and to the extent you believe in credit profile numbers the only warning we present you with is the time you will waste with them. Without even touching the legality of credit profile numbers, we would simply worn you against wasting your time. Even if all the credit...

Tradelines Credit Repair Secrets

Tradelines Credit Repair Secrets

Sep 16

Were not trying to mislead you with an intriguing title (you know… “tradelines credit repair secrets”)  that seems to indicate were going to share with you some secret that unlocks the mysteries of credit repair or tradelines themselves. In fact, trade lines have almost nothing to do with credit repair. That’s the secret. Those who smashed the two concepts together are either misinformed or use the two concepts as keywords to get you to land on their page. Credit repair also helps to improve credit scores. Credit repair is the systematic targeting of negative items in your credit report followed by a series of legal challenges to the credit bureaus or the creditors themselves. When executed correctly, credit repair can and often does result in the removal of negative, inaccurate, misleading, or outdated information in your credit report. The removal of such items ultimately has a positive impact on your credit report and as a result a positive impact on your credit score. If you add trade lines to a credit report with a substantial amount of negative items, you might not see a return on your investment in those trade lines. Sure, your score will increase, but certainly not to the degree you hope for or require for funding efforts. Trade lines do help to improve credit scores. Assuming your credit report is in a relatively clean state, trade lines are an option to enhance your scores further. For example, let’s say you didn’t have any credit at all. You may be turned down for credit as a result of a lack of credit. In this situation, the addition of trade lines will allow your potential lenders to rely on at least the authorized user status of the tradelines. For another example, let’s say you have fairly decent credit though most of your current credit accounts have high balances relative to the limits your lender provides you. The addition of high limit low balance trade lines can counter the negative impact of your upside down debt to credit ratio. As a result, your debt to credit ratio will look more favorable to potential lenders and your credit score will have increased due to the decrease in your debt to credit ratio. Using trade lines and credit repair together correctly. As indicated by the two previous paragraphs, trade lines in credit repair are both great mechanisms to enhance your...

Seasoned Tradelines Credit Accounts

Seasoned Tradelines Credit Accounts

Sep 16

What are seasoned tradelines credit accounts? Seasoned trade lines or authorized user trade lines (sometimes referred to as “piggybacking” credit), are a form of credit enhancement whereby a company adds pre-existing and well-established credit accounts to a third-party. This process is been around since the equal opportunity credit act of 1974 and hasn’t changed since. Since about 2007, this process became a mainstream product from which the average person like you could benefit. Where to get seasoned tradelines credit accounts? Before looking to purchase season trade lines, you should consider reaching out to a friend or a family who may have superior credit. If they have positive standing revolving accounts, and if they’re willing to add you as an authorized user, they could add you to their account and you would inherit the positive payment history they previously established. However, even if you do not know someone willing to add you as an authorized user, there are many companies who specialize in linking together those with exemplary credit and those who need assistance with the credit boost. How much should I pay for tradelines? Trade lines range in price between free (assuming your friends or family would add you for free) up to $1000 or more per trade line. From what we’ve read on the Internet, the average price is between five and $800 per tree line. Usually, you can find great for trade line prices if you’re purchasing more than one trade line at a time. Regardless, I would personally take the price listed on the website as a starting point and try to negotiate with the company with whom you intend to do business. More important than the price you pay, however, is the protection of your funds during the transaction between you and the company. Make sure to use a credit card, PayPal, etc., or ensure that the company protection money with some form of escrow, bond, or trust account. How to avoid seasoned tradelines credit account scams and rip offs? As previously discussed, make sure the company with which you’ve chosen to do business is actually a company. If they say they’re from Georgia, go to the Georgia website and check for their business records. If they ask for upfront fees in violation of the credit repair organizations act, they’re probably not the company for you. The bottom line is, use your best judgment. Consider...

Tradelines and Credit Report Enhancement

Tradelines and Credit Report Enhancement

Sep 15

Tradelines credit report enhancement is a method through which an individual adds third-party credit accounts to their credit report. The net effect, of course, is that the individual inherits the payment history and other positive characteristics of the third-party’s account(s). In doing so, your credit score usually increases dramatically. This process is usually facilitated by a intermediary; a company dedicated to linking individuals with bad credit and individuals with good credit. There are many companies out their that provide tradelines services, but make sure you search well before hiring them. It doesn’t really enhance your “credit report”, but does enhance your “credit score”. You should not mistake the difference between enhancing your credit score and enhancing your credit report. While adding tradelines to your credit report can increase your score, it doesn’t necessarily enhance your overall credit report or credit profile. This fact is quite obvious; by simply adding new accounts to your credit file you should be aware that this does not take away any negative items you currently have. Best ways to use tradelines credit report enhancement techniques. you should carefully consider whether or not you should add trade lines to your credit report. There are a lot of factors that go in to this consideration. Personally, I would recommend consulting with the trade line expert to determine if trade lines could help enhance your credit report… I mean enhance your credit score. Trade line credit report companies. There are million companies out there that claim to provide trade lines for your credit report. Actually, I should say more accurately, there are million websites or individuals that claim to be businesses that offer tradelines for your credit report. The distinction of course, is that most of the sites or individuals are quite unqualified to be giving you any credit advice in the first place. In that regard we recommend you thoroughly review any company you consider. Google the company’s name and put “scan” or “ripoff” after their name. Make sure you search at least two or three pages deep into Google has some companies have been quite successful in suppressing the truthful negative reviews about themselves. Trade line credit report and costs the last consideration you should take up is the cost of trade lines. We say this because the most important part is to find a quality company that’s capable of assisting you. If you chase...