If you’re looking to build your credit fast, you must have heard, “buy primary tradelines”! 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 tradelines for sale are and why you should never buy them.
What are primary tradelines?
Credit is complicated so let’s make it simple. A primary tradeline 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 tradeline.
How Do I Add a Primary Tradeline?
You can add a primary tradeline 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 tradelines for sale post, it’s likely you’ve applied several times but can’t still get approved for primary tradelines. 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 tradelines.
Buy Primary Tradelines for Sale – Auto Tradelines, Mortgage Tradelines, or Credit Tradelines
Using a little common sense will go a long way with most things in life. If a primary tradeline 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 liablewhether you know it or not.
Many of the “legitimate” ways of getting primary tradelines 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 tradeline, mortgage tradeline, or credit tradeline.
1. The Primary Tradelines 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 Tradeline Will Show as a Closed Account
If a primary tradeline 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 Tradelines 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 tradelines as the two other examples.
4. Primary Tradelines 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 tradeline 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 Tradelines 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 authorized user tradelines to fast-track your success.
An authorized user tradeline 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 authorized user tradelines to sell expensive closed primary tradelines 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 tradelines. Here’s how to get started risk-free.
Ready to build your credit the right way?
P.S, we don’t add tradelines to CPNs or EINs