Tradelines are the credit industry's term for the accounts on your credit report. This includes all your individual credit cards and loans.
Simply put...people buy tradelines to increase their credit scores quickly to buy a car, get a loan, qualify for credit cards, etc. Tradelines are totally legal.
1.Can you give me the average score increase for this tradeline? I can not answer this question. There is no meaningiful average effect of a tradeline. All tradelines will react based on your credit profile. A tradeline that worked really well for you, may not for your friend. I can not guarantee a certain increase or give an average increase.
2. Im at a 575 credit score and I am trying to buy a house, what tradeline can I get to give me a 720 credit score? Again, I can not answer this question. Also, who said that that you could even go from a 575 to a 720? I am not saying it is impossible but I can not advise you on this type of credit score request. The credit score algorithm is not an exact science and anyone that says they can give you an answer to this is lying.
3. If I buy this $25,000 tradeline will I get approved for a $25,000 credit card? Purchasing a high limit tradeline does not guarantee that you will be approved for a high limit credit card, Credit card companies look at your income, expenses, credit score and possibly other factors to determine what limit they will approve.
4. My closing date says the 5th but it is the 15th and it has not reported. Please read the follow up email after your purchase. Most tradelines will post in 14 days from the closing date. MOST. Sometimes tradelines will skip a billing cycle ( I can not control that) if that happens you will need to wait 7 days after the 2nd billing cycle to see if its a non post.
5. What is the refund policy? You will receive a full if your tradeline does not post 10 days after the 2nd billing cycle. I will need to see proof of non posting with all 3 credit bureaus showing. ( can not use Credit Karma)
6. I really need this to post before the 24th, will it post on or before that date? Tradelines are known to post fast but I always tell people very politely that I am not the person for you if you are on a heavy deadline. Tradelines can sometimes take up to 60 days so I want people to understand that up front.
7. I want the tradeline that is expensive with the high credit limit. Do not underestimate the power of age. Sometimes people think that a $30,000 tradeline will help their credit better then a $2,000 tradeline. Not necessarily, A high limit tradeline with a low age will bring some peoples,credit average age down which in return will lower their score. On the other hand a tradline that has a $2,000 line and is 10 years old will show that you have been making payments for 10 years on time and could have a greater positive impact on your score and may not cost as much to purchase.