Top 3 Best Tradeline Companies (Reviewed and Compared)

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Updated: 19th Nov 2020
Written by Drew Cheneler
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In this Article: Easily find and compare the best tradeline companies. From low-fees to proven results, and everything in between, we make it easy for you to decide which tradeline is best to buy. 

Does bad credit keep you from getting the loan you want? Maybe an employer turned you down for a job because of your low credit score, or you didn’t get the interest rate you thought you’d get on a loan. If you’ve tried everything and still can’t get your score up, consider a tradeline company.

Keep reading to learn all about best tradeline companies, how they work, and if this financial move is right for you.

What is a Tradeline?

More than likely, you already have tradelines or accounts that report on your credit report. Each account, say your mortgage or car loan is a tradeline. Every new account you open becomes a ‘tradeline’ or a part of your credit report.

The credit bureaus report everything about your tradeline or account. For example, you have a credit card account for two years. You pay the bill on time every month, paying off the full balance each time.

This is an example of a ‘good tradeline,’ which will help you build a good credit score. More importantly, a tradeline is traditionally a quick way to give your credit score a quick boost.

Now, let’s say John has the same credit card for two years. However, John doesn’t make his payments on time, and he leaves a hefty balance.

He has 80% of his credit line outstanding too. These are both negative credit activities and will bring John’s credit score down.

What is a Tradeline Company?

Sometimes you can’t work fast enough to raise your credit score. Bringing late payments current and paying your balance down takes a lot of dedication and time.

It also takes time for the credit bureaus to build your score up again. What if you need something to happen now?

You can buy a tradeline from a tradeline company. It sounds weird, but you can buy your way into someone else’s credit, essentially. With a tradeline, you ‘buy’ your way onto someone else’s credit.

Tradeline companies sell the right to be an authorized user on someone else’s account. While you could do this for free with a family member or close friend, it’s not always an option, which is why tradeline companies exist.

While you don’t get the same charging capabilities, you might get if you become an authorized user for a friend or family member, you get the advantage of good credit, which will hopefully improve your credit score. Remember, there’s never a guarantee that it will work.

Top 3 Best Tradeline Companies

Choosing the best tradeline company is a challenge, especially with scams plaguing the credit industry.

To help you out, we compiled a list of the three top tradeline companies around. These three are favored amongst consumers due to their customer service, reputation, and results.

1. Tradeline Supply Company

Tradeline Supply Company was one of the first companies to offer a 100% online tradeline buying service. They do this to keep prices down, as buying tradelines gets costly.

Tradeline Supply focuses on empowering consumers with proper financial education to help you build better financial habits, while temporarily helping you boost your credit score with purchased tradelines.

Tradeline Supply takes the top spot because they are affordable, reputable, and subject matter experts.

Top Tradeline Companies for you to boost your credit score.

Pros:

  • Offers some of the lowest prices in the tradeline industry
  • Offers’ deals,’ like buy two tradelines, get 10% off the second
  • Provides many details about the tradelines available, including the price
  • You stay on the account for two reporting cycles
  • Tradeline Supply guarantees they will report to at least two of the three credit bureaus

Cons:

  • Tradeline Supply offers no guarantees on how the purchased tradeline will affect your credit score (it may even go down)
  • You must buy the tradeline by the published ‘purchase by’ date or Tradeline Supply won’t guarantee that it will post during the next credit reporting cycle

It is time to hit refresh on your credit. Increase your credit score today with Tradeline Supply the premiere company for buying and selling tradelines.

 
Related: Tradeline Supply Review

2. BoostCredit101

BoostCredit101 guarantees to post your tradeline within 60 days of purchase. They claim it usually takes an average of 2 weeks, though.

BoostCredit101 offers a full refund or replacement if the tradeline does not report to two credit bureaus.

Pros:

  • Offers full transparency, allowing you to sort tradelines by price, lender, limit, age, and statement day
  • Guarantees to post the tradeline to two of the three credit reporting bureaus
  • Uses encrypted servers to keep your information safe and they eliminate all customer data after 90 days
  • Thoroughly verifies all parties, buyers, and sellers to reduce the risk of fraud
  • Provides ample education on their blog and over the phone with a financial professional

Cons:

  • The Better Business Bureau does not accredit BoostCredit
  • You must talk to a consultant to buy a tradeline rather than completing the entire process online

3. CreditPro

Around since 2007, CreditPro has extensive experience compared to other tradeline companies today. They claim to offer the lowest prices in the industry, saving consumers as much as 40% – 60% on purchased tradelines as they are a wholesaler selling to advisors.

Pros:

  • Posts tradelines in as little as 5 – 7 days from the date of purchase
  • Offers tradelines with utilization rates 15% or lower
  • You stay on the tradeline for 60 – 90 days
  • Has over 2,000 cards to choose from with varying ages (some are up to 30 years old)

Cons:

  • Has a C+ rating with the Better Business Bureau
  • There is no transparency as you can’t see the available wholesale tradelines on their website

Is it Legal to Use a Tradeline to Raise Your Credit Score?

It is legal to use a tradeline company to raise your credit score, but there’s a catch. The law doesn’t prohibit it, but lenders may frown upon it. They are smarter than you think.

Most lenders can tell when a new tradeline is legitimate (you are an authorized user for a friend or family) and when it’s bought.

If they know you bought it, they may not lend to you, but the chances of this happening are small. But nonetheless, still something to consider.

Additionally, in 2008 the Fair Isaac Corporation took this issue to Congress, and the Federal Trade Commission (FTC) stated that it is not illegal however the reporting agencies may frown upon it. Whether you decide to purchase a tradeline or not is entirely up to you. Just make sure you know the risks involved. 

If you are still unsure then check out this study conducted by the Federal Reserve Board of Governors. 

Best Tradeline Companies: How to Buy a Tradeline

Buying a tradeline is not as overwhelming as it seems. The hardest part of your job is finding the right tradeline.

Do you want a high quality (more expensive) tradeline or a few lower quality (less expensive) tradelines?

Once you choose, take the following steps:

  • Add the tradeline(s) to your cart (if you’re buying it online).
  • Read the contract carefully. This is like a rental agreement. Know what you’re agreeing to and ask questions if you aren’t sure about something.
  • Make your payment. Most companies allow online payments. If not, you’ll make a payment over the phone with your credit card.
  • Provide the necessary documents. The tradeline company must verify your identity before they can upload the information to the credit bureaus. They may ask for your driver’s license or Social Security card. Most companies have online upload options.
  • Check your credit report. Don’t rely on the tradeline company to provide you with updates, check your credit report yourself. It may take 30 days or longer depending on the company you choose, but always verify that the tradeline reports.

What Makes A Good Tradeline Company?

Like all financial products, consumers need to be wary of tradeline scams. Here are some common characteristics of the best tradeline companies.

1. Industry Reputation

First and foremost, you want to buy a tradeline from a company that commands industry experience. Do your due diligence and make sure the tradeline company has been in business for a couple of years.

If you can, ask the tradeline company to provide some statistics. Statistics to ask for and review (if you can):

  • Years in Service
  • Success Rate
  • Average Credit Score Increase
  • How Often They Report
  • Location of Headquarters
  • Number of Employees
  • Credit Consultation Services, are there any?

These are just a few metrics you should try to uncover before you purchase a tradeline.

Fortunately, reputable tradeline companies will publish this information on their website for public review. Do a little bit of digging and find this information.

2. Affordable

Let me be clear. Affordable does not mean cheap. Only buy a quality tradeline. It is not worth the risk buying a cheap tradeline.

You want a tradeline with a long account history and is established. This is what will move your credit score in the right direction.

Make sure to buy a tradeline that aligns with your financial goals and will not break the bank. Account for it in your monthly budget, and see if you can actually afford to purchase a ‘quality’ tradeline.

3. Transparent & Honest

The best tradeline companies will be honest and transparent about their operations. They will be upfront about their prices, often listing them on their website for public consumption.

Additionally, they will publish data about previous customer experiences. They will highlight their strengths, but will also reveal their weaknesses. Buying a tradeline is not an ‘immediate fix’ for everyone, and they know that.

4. Supportive Staff

Reputable tradeline companies will have a supportive staff. They will take the time to get to know your needs and will help you find the perfect tradeline that aligns with your financial goals.

Tradeline companies recognize that this is a big decision. They will do whatever they can to help ease the stress.

Furthermore, make sure the tradeline company has dedicated customer support representatives. This is important in case you run into any account troubles or administrative errors.

5. Mailing Address

The easiest way to tell the difference between a real tradeline company and a scam is whether or not they list their physical mailing address.

They best tradeline companies will list their mailing address, phone number, hours of operations, and more.

6. Quality Tradelines Are Offered

As a consumer, you only want to buy quality tradelines – more commonly known as ‘seasoned tradelines.’ These are established tradelines with a demonstrated track record of on-time payments and are in good standing.

Established tradelines will cost you a bit more, but this quality is what makes buying a tradeline worth it.

How Long Do Tradelines Stay on Your Credit Report?

Purchased tradelines are temporary. Most companies report them on your credit report for one or two cycles. Your contract will provide the exact details.

Buying a tradeline is a quick, temporary fix. While the account may remain on your credit report for longer than one to two cycles, it will no longer report as active. It does its job in one or two cycles, and that’s it.

Tradelines are ideal to use before you apply for a mortgage, loan, or credit card and are looking for a quick credit score boost. In fact, that is what most consumers do.

Are you ready to increase your credit score?

How Much do Tradelines Cost?

The cost of tradelines varies greatly. You can buy one for a few hundred dollars or a few thousand dollars.

It is important to note that older tradelines are more expensive than newer ones. Why? The account is older, which means it is considered ‘safe’ and ‘established.’

Ask yourself what you want out of your tradeline. Do you want:

  • A high credit limit?
  • A low balance?
  • Long history?
  • Low utilization rate?

If you want it all, you will pay in the thousands for it. If you only want one or two of the features, you will pay less, but of course, you get what you pay for.

In our opinion, it is better to buy an older tradeline that is established. Ultimately, this will mitigate your risk. Remember, a quality tradeline is far more advantageous than a cheap hundred dollar tradeline.

Five Benefits of Using a Tradeline:

#1. Less work on your part

Yes, it costs you money, but you get the ‘good tradeline’ without the work.

Without it, you’d have to monitor your credit continually, fix errors, lower your balances, bring your payments current, and wait to see how your credit score reacts.

A tradeline takes the guesswork out of it; you get the ‘good tradeline’ and it hopefully improves your credit score.

#2. Get Better Loan Terms

The higher your credit score, the more favorable terms lenders offer. This may mean a lower interest rate, a better type of loan (fixed rate versus ARM or balloon), or lower closing costs.

#3. Have More Options

If you have bad credit, you have minimal options when you apply for a loan. If you have good credit, though, you have more options, giving you a better chance at securing the loan you want rather than ‘the only one available.

#4. Better Insurance Rates

Believe it or not, your credit score can help you land favorable insurance rates. So, if you are tired of paying thousands of dollars a year for insurance, they buying a tradeline makes sense.

Even if you can add just a few points to your credit score, that can be the difference between paying $100/month or $50/month in insurance premium.

#5. Favorable Rent Agreements

Landlords use your credit score as a pre-determining factor. They want to make sure you can pay each month. Having a bad credit score makes it difficult to find a place to live.

Adding Authorized Users: Is it an Effective Strategy?

When you buy a tradeline, you are added as an authorized user to someone else’s credit. In the credit industry, this is known as ‘credit piggybacking.’

You may be asking yourself, is this an effective strategy to improve my credit history?

It is. In fact, being added as an “authorized user” to another persons credit is a quick way to improve your credit history. Traditionally, this route is faster than credit repair; however, the effects are not permanent.

So, if you are looking to boost your credit history and improve your financial well-being, then consider buying a tradeline. It is a smart strategy.

Buying Tradelines: Common Pitfalls

Most consumers make rash decisions when buying tradelines. Avoid these common pitfalls and set yourself up for success.

#1. Go With the Cheapest Option

Like we said earlier, cheaper does not mean better. When buying tradelines quality trumps quantity. Disreputable companies will sell you tradelines that do more harm than good.

If you are serious about buying a tradeline, then make sure you prioritize quality over quantity/price.

#2. Thinking a Tradeline Will Repair Your Credit

This is one of the biggest mistakes you can make when buying a tradeline. A tradeline will not ‘repair’ your credit. It is designed to increase your credit score.

Repairing your credit means removing negative items from your credit report, such as:

A tradeline is not credit repair, so do not confuse the two.

#3. Fail to Research Tradeline Companies

It pays to do your research. All too often, consumers decide to buy tradelines from disreputable companies. Before you make a decision, research two to three different tradeline companies and go with the best one.

Fun fact, we did the research from you. In our opinion, the best company to buy a tradeline from is Tradeline Supply.

#4. Not Knowing What a ‘Tradeline’ Really Is

A tradeline is not a permanent fix to your low or bad credit score. However, it is certainly a step in the right direction.

Remember, when you buy a tradeline, you are added as an authorized user to another person’s account. You will remain on this account for two cycles, which is enough time to substantially improve your credit score.

Alternatives to a Tradeline:

Credit Builder Loan

A credit builder loan, as the name suggests, builds your credit by taking out a loan. Here’s the trick, though. It’s not a loan. You borrow from yourself. The payments you make to the loan go into a savings account.

At the end of the loan’s term, you receive the balance plus interest earned. If you are interested, then we highly recommend Self Credit Loan Builder. They are an industry leader, and have helped thousands of customers build their credit responsibly.

Consider a Secured Credit Card

A secured credit card has fewer qualification requirements because your credit line is equal to the deposit you make on it. If you cannot make your payments, the credit card company takes your deposit.

To build credit, though, you want to make your payments on time. Use the secured credit card to buy things you would have paid cash for and then pay the balance in full to show good financial habits.

Find Errors on Your Credit Report

When is the last time you checked your credit report? Just going over it and requesting errors to be fixed can improve your credit score.

Of course, this requires effort on your part as you must pull your credit report (you can get a free copy here) and then write to the credit bureau and creditor letting them know of the mistake.

Include proof of the errors so the credit bureau can fix the error as quickly as possible. However, this is often a hassle, which is why we recommend you partner with one of the best credit repair companies or consider using credit repair software.

Wrapping Up: Top 3 Tradeline Companies

If your credit score needs a quick boost, buying a tradeline may be helpful, but don’t rely on it. Try exhausting the other options first and see how your credit score reacts.

There’s no guarantee that any efforts will improve your credit score – it’s a bit of trial and error, but buying a tradeline may be one you need to get that temporary boost to get your credit score higher.

Drew Cheneler
Drew Cheneler
Drew is a recognized Credit, Small Business, and Personal Finance Expert. He has been quoted in CNBC, Fox Business News Section, The Huffington Post, Business.com, Moneyunder30, US Chamber of Commerce, and more. He is known for breaking down complex personal finance topics into action-oriented advice, so you can make the most of your hard-earned money.