But, as a tradeline seller, does it affect your own credit score? In fact, the law allows you to add an authorized user to your account anytime you want. When you buy a tradeline, the credit history of the primary account holder appears on your credit profile as well. The main purpose of tradelines is to help increase low credit scores.

Once one of your listed tradelines gets purchased, we will notify you. After you submit your cards, we will review your application and approve/decline all or some of your cards based on their statistics. By “uploading”, we mean just letting us know what cards you want to monetize with us. Your Authorized User (AU) slots are advertised on our website as tradelines available for purchase. We develop and support our website, and drive internet traffic to it while building partnerships with wholesale buyers (credit repair companies, mortgage brokers, realtors, etc).

• Selling tradelines through GFS Group is transparent, financially rewarding, simple, and requires very little time to complete.
• It appears at least fairly logical to say that selling tradelines may be safer than buying or selling a home.
• The power of your card literally has the potential to put their score through the roof.

It happens if this card has a big limit and a long account age, and doesn’t have any negative history such as late payments. A person added to this slot as an authorized user will more than likely get his credit score increased while they are holding this slot. A tradeline, or Authorized User tradeline, is an open Authorized User slot on a credit card. Because the tradeline recipient never actually gets access to your credit card, they can’t run up a balance without your knowledge. We only accept cards with a spotless credit history, no late payments, and a utilization rate under 10%. Please consult with a qualified financial advisor before making any decisions related to selling tradelines.

As much as people hate to hear that hard work is required, we generally accept that nothing comes without risk. You have to put your heart, money, and intent on the line if you want to achieve success. Basic logic and a little common sense will show that an individual can’t really offer quality advice on a subject without some sort of experience or education. Above all, stay alert and aware of your surroundings at all times.

We are known for being an excellent platform where people with low credit profiles can buy tradelines from. Instead, focus on feedback that mentions specific experiences with actual credit cards. When trying to improve your credit score, working with a reputable tradeline company can be a smart move. It will also ensure that the authorized user benefits right from your credit history.

• There is no risk of them accessing or utilizing your card for any type of purchase.
• I’ve recently pinned a post with a list of all my previous posts and links to those so you can navigate to the subjects that interest you most about selling tradelines.
• And if you do know, or if you’re already selling tradelines with GFS Group, now is the time to take full advantage of the industry’s best paying referral program.
• In the demanding world of real estate, taking care of your mental health is essential for long-term success and fulfillment.
• This is very lucrative considering the time required to add and remove an authorized user.

Control the Showing Environment

We always have buyers who are ready to purchase top quality cards, and now is a great time to begin making extra cash. Knowing how to sell tradelines isn’t a skill, it’s simply having the ability to understand simple concepts and accurately follow instructions. These brokerages are often referred to as a tradeline company, and there are a lot of them out there who have different business models and operate using their own set of standards. You can safely add up to 2 users at a time, and you can use as many cards as you like. All they know is the issuing bank, the amount of years the account has been open, and the credit limit.

How to Make $1,000 Per Referral By Selling Tradelines

But this is a niche area that you’re working in by selling tradelines and you’ve got to treat it a bit differently and find the extra value wherever you can. If you don’t want to sell your $17K, 2-year old Barclay’s card because it has a lifetime limit for AUs and you’d prefer to let it age awhile to optimize the lifetime income, I can understand that. But if he were added to a card that has 9 years of age and a limit of $4,200 (the same stats as the card mentioned at the beginning of this post), his average account age would jump to just over 3.5 years, his overall credit limit would now be $6,400. If he applies for a card how to sell tradelines and make easy money and requests a $5k credit limit, the probability he’ll get that is pretty low, especially with a thin credit profile that doesn’t have any installment loan history. The buyers of tradelines are not always people who want to improve their credit profile to make big-ticket purchases. Those cards with lower limits shouldn’t be ignored just because you perceive your oldest 4 or 5 cards to be the only ones worth selling.

Especially if they aren’t sure if they have any skills or own anything valuable to sell. This will prevent you from adding an AU to a card that is already maxed out. Ensure that the card is sent to your address, not the authorised user, for safety and security purposes. Activate two-factor verification with your bank, and use a different one for each card if you have more than one.

Why People Are Willing To Sell Tradelines?

Regular checks help maintain the health of your account and facilitate prompt resolution of any discrepancies. This aspect is crucial for maintaining trust and integrity in the business. You may do so by checking your account details online. It includes how long they should remain on your account and if there are any other conditions needed. Typically, this happens two months after adding them to your account. It’s easier to agree on a price point when you have a great credit record.

The most common questions that most people immediately ask are “Is this even legal? This is the only payment method we offer, as it is safe, secure, and ensures timely payments without the complications or risks of third-party platforms like paypal and others. We pay your commissions direct to your bank account via direct deposit. We never ask for any sensitive information such as any digits printed on a card, expiration date, etc.

Which credit card provider is an important factor that people consider when buying tradelines. Remember, this is a community geared toward clarity, transparency, the sharing of knowledge, helping others, and providing facts (or as close as we can get to facts) based on the real experiences of cardholders who are selling tradelines. Still, when broken down by the time spent vs. the money made, you can easily reach into the hundreds (or even thousands) of dollars per hour selling tradelines. This is because those cards have a higher impact on the buyer’s (authorized user) credit score.

Things You Should Know About Business Tradelines

Older accounts with long-standing positive histories will have a greater impact than newer ones. If the company is vague about these aspects, consider it a red flag. A legitimate company outlines its terms of service. They can help increase your average credit age and boost your score.

This community is NOT for people buying tradelines

If the issuing bank isn’t making money from this, there’s no reason for them to be happy about it. If making money while helping someone in a positive manner is something you find attractive, you’re probably prepared to look deeper into the subject. But if you’re interested in getting an extra no-hassle payday for nothing more than utilizing your good credit, you’re a great potential candidate. However, you have to accept that you can suffer setbacks in credit. Additionally, we have the hardwired tendency to think that nothing comes easy, and any opportunity to make easy money must have some hidden catch or a secret downside.

Share this article

The reason that people pay brokerages to help strengthen their credit score is not because they have bad credit. The time it takes to add an authorized user is minimal (5 to 15 minutes) and that could equal as much or more than you’ve ever imagined making when broken down by the hour. Yes, you’ll be required to study a bit so that you know where you’re sitting, what your potential income will be, and how to best arrange your cards and credit to optimize your earnings. Yes, you will greatly mitigate your chances of running into any problems with your card issuer by following the instructions of your tradeline company (the brokerage). When you sell tradelines, you’re not risking your financial future. However, not everyone sells tradelines and not everyone knows what it means.

If you have a meme that is very relevant and that you strongly feel is relevant to the majority of people in a conversation, use your best judgement or contact moderator before posting. Memes can take up a lot of space, cause visual confusion, and make it hard for people to follow a conversation or stay on topic. I’m hoping to share some wisdom and help others with whatever I can – each and every time I post here. I hope you see it as time well spent, and thanks for being a part of the community.

Sometimes just a mention of the practice gives people the chills. Depending on the age of the card and its respective limit, the cardholder will receive anywhere from $70 to $550 or more for a single sale. As you can see, and when the circumstances are correct, this is a very simple recipe for easy money on the part of the cardholder. Whether this individual is your friend, family member, neighbor, or, a complete stranger who pays a third-party (known as a tradeline company or tradeline brokerage), the situation and desired outcome is the same. If you already hold a lot of valuable cards, this could be an absolute game-changer for you in regards to extra income.

Step 5: Start earning! Add the new authorized user to your credit card account.

Selling tradelines is legal — for now — but it may violate your credit card provider’s terms and conditions. Still, you should avoid selling tradelines if you’re about to apply for a mortgage or business loan. This can significantly benefit the authorized user, as their credit score may improve by associating with your positive credit history. By adding someone as an authorized user to your card, you essentially share your credit history with them. Alongside having good credit, look at how old your tradeline is, how pristine your payment history is, and whether you have an excellent credit utilisation rate on your credit card. While this had been done in the past for spouses and children to be able to use credit cards, the byproduct was an association of the card’s credit history with their names.