Trade lines that were allowed to age for at least two to
five years are considered seasoned tradelines.
These seasoned primary tradelines are generally revolving
credit lines and their purpose is to greatly increase consumers' credit scores.
The history of the tradelines usually determines the significance and impact
they have on credit scores such as a person's FICO score.
Primary tradelines and seasoned tradelines with a high
credit limit and a zero or very low balance further enhances the influence they
have on an individual's credit score.
Some people have questioned the legality of this practice
and in fact, it is somewhat of a gray area. The reason for this is that credit
bureaus are just private businesses that operate a reporting service and are
not government agencies. They report consumer credit scores for small
businesses. They actually give reports on the credit of the small business
owner's customers. The same credit bureaus report to both small and large
businesses or anyone to whom a business owner wishes to extend credit.
When credit is available that allows a customer to make
purchases immediately, there will naturally be more sales made, especially on impulse
buying. If a business had not been doing well in the past they may sell a small
percentage of their reported sales as seasoned tradelines.
Seasoned Primary Tradelines
The business owners will report customers have paid them in
a timely manner for many years on the same product they are currently offering.
That may or may not be true, but this process is utilized by a sizeable
underground market to report credit. The challenge for anyone using this system
is that credit bureaus have become more sophisticated recently and can more
easily detect such tradelines.
It is now more difficult for anyone wanting to get into the
tradeline business quickly because the credit bureaus spend several hundred
thousand dollars protecting their reporting system. A new business trying to
quickly establish itself with the credit reporting bureaus is less successful
than an already established business that goes gray.
To be successful, businesses need to be very diligent to
maintain their quality of service and not over estimate their reporting
capability out of greed. If the business would do this, they will fail and
their entire reporting capacity will ultimately be lost with the credit
reporting bureaus.
Tradelines do have value, because even a new one starting
out can create a positive influence on an individual's credit over time.
Primary tradelines are just a fraction of seasoned tradelines, but they are
less expensive to purchase. They can also be created in multiples, which
obviously cannot be done with seasoned primary tradelines, which are harder to
find and more expensive. It is simply not feasible for most individuals to
purchase several seasoned primary tradelines.
When searching for primary tradelines as a way to fix creditfast or help to repair your credit, be sure to watch the provider for some
time. Check whether they are actually posting for other people and request
posting proof before making a purchase. When a tradelines provider is making
regular posts, they will sell out quickly. If they are actually posting, they
will usually have limited offers available.
If the provider is easily available and has many spots open,
take a closer look. Providers of seasoned primary tradelines will not typically
be readily available. Those who actually are performing the way they say they
will are very rare. Just be aware of the entire situation before putting up any
money. Take time to research, ask for proof and try to find online reviews of
their performance and business practices.
Seasoned primary tradelines are able to positively influence
and enhance an individual's credit and may go a long way when you want to fix
credit fast. However, you need to be sure you are dealing with a reputable
service provider so that you do not make a purchase and then find out it is
worthless. Primary tradelines may be just what you need for your business or to
start a small business. A bit of research and asking the right questions will
help to ensure a satisfactory transaction that will help your business far into
the future.
Want to know more please visit our website: http://tradeliner.org/
The Total Method to Credit Enhancement!
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