Why You Should Never Buy Primary Credit Builders for Sale

If you’re looking to build your credit fast, you must have heard, “buy primary credit builders”! I’ve found that people looking to buy primary credit lines have mostly been denied an application for credit in the past to think it’s their only option. The good news is, it’s not. We’ll cover what primary credit builders for sale are and why you should never buy them.

What are primary credit builders?

Credit is complicated so let’s make it simple. A primary credit builder is a credit account opened in your name. i.e., any credit account where you had to enter your social security number, and they pulled your credit is a primary credit builder.

How Do I Add a Primary Credit Builder?

You can add a primary credit builder to your report by getting approved for credit in your name and accepting the offer using the definition above. Once you’ve done that, then about 45 days from the date you got approved is when the account shows up on your credit report.

However, if you’re reading this primary credit builders for sale post, it’s likely you’ve applied several times but can’t still get approved for primary credit builders. You still have some options, and I’ll share them below but before I do, let’s talk about why you should never buy primary credit builders.

Buy Primary Credit Builders for Sale – Auto Credit Builders, Mortgage Credit Builders, or Credit Builders

Using a little common sense will go a long way with most things in life. If a primary credit builder is an account you applied for in your name, how is it possible to buy such an account that you never once applied for?

Could it be possible that they got that account that now has your name on it through fraud? Very likely, and the sad news is you're liable

whether you know it or not.

Many of the “legitimate” ways of getting primary credit builders for sale sound good, but like the saying goes, “If it’s too good to be true, then it probably is!”

I get it! I know you want to increase your score or even have no! However, you need to do it the right way because you know what’s worse than having just a score? Having one and still getting a denial letter because of the low score.

Here’re some more compelling reasons why you should never buy primary credit lines, whether it’s an auto credit builder, mortgage credit builder, or credit builder.

1. The Primary Credit Builders Can be in Default

We’ve heard of people selling primary accounts either in collections or charge-off accounts. A collection or charge-off account may help you generate a score, but your score would most likely be in the 400s or 500s because, in credit, quality trumps quantity. Why would you want that? I wouldn’t!

Many legitimate lenders will not want to take such a risk with a low score, especially if past behavior indicates future action.

2. The Primary Credit Builder Will Show as a Closed Account

If a primary credit builder is an account in your name and you never opened an account that got closed, how do you think they suddenly found this closed account in your name? Yet another red flag! Even if they miraculously got an account in your name that’s closed, the closed account has less impact on your score than an open account in the FICO algorithm.

Simply put, buying a closed account is a waste of your money. Can you please save that hard-earned money to do something better with it?

3. The Joint Account Credit Builders for Sale

Sometimes, lenders require you to have a cosigner or joint account owner to open an account. This method is a great way for building your credit with family and people you trust. It helps reduce the risk for the lender since both join parties are liable for the debt.

The downside is if that person doesn’t pay the debt on time, it affects your credit and can also ruin your relationship. Also, since most creditors require that both applicants’ names are on record at the time of the application, you cannot purchase a joint account. So it falls under the same not very legitimate ways of getting primary credit builders as the two other examples.

4. Primary Credit Builders for CPNs

You may have heard perhaps your friend, family member, or even your credit repair person say you should get and use a CPN. It’s the fastest way to start from scratch and rebuild your credit. That’s no good! Here’s why.

Credit Privacy Number (CPN), synthetic SSN, or fake SSN is against the law. Please don’t take my word for it; you can read about the congressional testimony on Social Security Administration website.

When a lender asks for your SSN, you cannot use a CPN. Providing false information is considered fraud since it’s a false representation on a credit application, a federal crime. A conviction carries a maximum penalty of five years incarceration and a $250,000 fine. (18 U.S.C. §§ 1001, 3571 (2020).)

Most of these numbers are stolen SSN for children and the deceased. If you want to stay out of jail or hefty fines, I suggest staying away from CPNs. Also, ignorance is not an excuse.

5. Pay a Consultant to Apply for a Credit for You

There’re some companies or consultants that will guarantee, for example, a $5,000 limit primary credit line for a fee. Since these people have no final decision on whether or not you’ll get approved, why wouldn’t you do that yourself for free? 

If you’ve been denied in the past when you’ve applied for credit, I know you’re probably saying, been there, do that! Please hear me out. There’s nothing bad about paying someone to help out like you would your accountant. However, it’s how they go about it. 

For most of these services I’ve seen, the fees are steep (upward of $3,000) but more importantly, they apply for credit builder card credit on your behalf. 

From experience working with over 1,000 people, I’ve seen that it’s hard to go over a certain score using only credit builder accounts; most people cap out around 680s. They can also rack up several hard inquiries in the process of trying to find a company that will approve you for the credit builder limit they promised.

You need those high-quality accounts like Discover or Chase to improve your attractiveness to lenders. Think about it from a lender’s perspective; if all you see on a person’s report is hard money lender or credit-builder accounts, how credible does that person look?

There is no hard inquiry high limit option available. Continue to the next section to learn how.

Primary Credit Builders for Sale Alternatives

The key to increasing your score fast is doing it the right way; by applying for a credit-builder account in your name by yourself using your social security number. The downside is building your score this way takes time so if you have over nine months before a major purchase like a home or car, then go for it!

I’ve seen that about two accounts are the sweet spot. Anything more than that tends to hurt your chances of getting approved for higher-quality accounts in the long run.

Our recommendation is to use credit builders to fast-track your success.

An credit builder is an account that the primary account holder adds you to. It can help build your credit even though you may not have access to the card since you inherit the entire account payment history.

So you have to be careful because if the history has late payments on that account, that negative history is transferred to your credit, and similarly for a positive history.

There’s a lot of misinformation out there from people trying to take advantage of others because of the lack of reliable credit education available.

They try to discredit credit builders to sell expensive closed primary credit builders for $2,500-$4,500. Please don’t fall for that! When you understand how the FICO scoring model works, you’ll be able to easily see through their lies since closed accounts have little to no weight on your score.

If you’re looking to add more history to your credit and increase your available credit, we’re your go-to company for everything credit builders. Here’s how to get started risk-free.