Tradeline Supply Company, LLC
Tradeline Supply Company, LLC is one of the first companies to make purchasing tradelines online easy and efficient. In the past, buying tradelines was expensive, costing thousands of dollars for a single tradeline. Tradeline Supply is among the first of a new breed of online-first companies that seeks to bring down the cost and difficulty of buying tradelines through advanced technology and market synergies.
FAST FACTS
Company started
Number of tradelines:
Highest limit:
Tradeline Supply Company, LLC is one of the first companies to make purchasing tradelines online easy and efficient
In the past, buying tradelines was expensive, costing thousands of dollars for a single tradeline. Tradeline Supply is among the first of a new breed of online-first companies that seeks to bring down the cost and difficulty of buying tradelines through advanced technology and market synergies.
Tradeline Supply is not a credit repair company, and they do not advise customers on their credit or guarantee improvements to their credit score. In addition to helping consumers take the first step in improving their credit, the company also provides tools and resources so that their customer’s first step is on the right path to a solid credit score.
Tradeline Supply’s Tradeline Calculator helps users to calculate how adding one or multiple tradelines can improve their credit utilization ratio and add more “seasoned” tradelines to their account.
Tradeline Supply also has a full library of helpful buyers guides, articles on how to choose a tradeline, and other relevant resources that put the power of unbiased, quality information at their users’ fingertips.
Overall, for consumers looking to use a tradeline as the first step toward improving their credit score and getting their finances back on track, Tradeline Supply is the first place they should look.
Tradeline Supply’s Strengths
Tradeline Supply is easy to use. Their website is beautifully designed to show buyers at a glance how much qualified tradelines cost, and their calculator makes visualizing the impact of buying a tradeline as simple as possible.
Tradeline Supply also makes it easy for people with established, excellent credit to sell tradelines. Credit card holders can make commissions between $50 and $300 for each tradeline they add to their account, based on the age of the card and the amount of time it has been active. Because tradelines are only active for two months, holders of seasoned credit cards could make up to $1,000 per month.
The number one reason to use Tradeline Supply is the excellent, free information they offer to their buyers. Their commitment to educating and informing their customers sets them apart.
Tradeline Supply’s Areas for Improvement
Tradeline Supply has made advances in bringing down the cost of tradelines, but the most valuable tradelines can still cost you nearly $1,000 for two months. Tradeline Supply buyers should be aware that they have a limited window of time to use the credit boost offered by Tradeline Supply to repair their credit.
Is Tradeline Supply Right for You?
It’s important to keep in mind that tradelines are not a permanent fix for poor credit. Once you have been taken off a tradeline, your credit may revert back to where it was before you were added.
That said, Using a tradeline to improve your credit score can open a window of opportunity for you to take other measures that can permanently improve your credit. When you use a tradeline from Tradeline Supply, it allows you to take further steps toward improving your credit. These include:
- Opening a new credit card
- Taking out a low-interest rate personal loan
- Buying an inexpensive used car
- Asking to raise the credit limits on cards you already have
Your credit score is based on several factors including your debt-to-credit ratio, which is the amount of credit you have versus the amount of money you owe. Increasing your credit limit without increasing the amount you have borrowed will permanently improve your score.
Also make sure to make regular, small payments throughout the month on your credit cards. These are also called micropayments, and they not only boost your credit score, they also keep you aware of how much money you owe on a regular basis.
If you still have trouble getting a credit card or a loan, try applying for a secured card or loan. Secured credit requires an up-front deposit. Make sure to only get secured credit that reports to all three major credit reporting agencies.
Pros
- Fair pricing
- Majority lines have at least 4 years of history
- Responsive, informative, professional customer service
Cons
- Tedious purchasing process
- Low number of lines with limits higher than $30k
- Website can be clunky and difficult to navigate
Well rounded company with fair pricing, inventory filtering, and easy payment options (ACH)
Around $400 for a line with $10k limit and $600 for $30k limit. Pretty good pricing considering clients are added on the card for 2 months.
Inventory is dynamic. Good variety with majority lines opened at least 4 yrs. Lacks high limit ($30k+) lines and lines that post to 3-bureaus (only 5% of inventory when we checked.
Customer service was responsive and had a number to call. Responses were informative. Line selection can be filtered and tradelines can be purchased via ACH. Purchase process can be tedious and requires a lot of information (creating an account, submitting credit report, etc.).
Response was available. Positive first impression with great professionalism.
Over 50% of our survey takers rated this company with a score 4 or higher.