Ask These Questions Before Buying Tradelines


Buying tradelines to improve your credit scores is just like making an investment for your finances. However, before buying tradelines, you should ask yourself the below mentioned question. These will help you get the most out of the tradeline source you buy.

Know The Age of Your Account

Your credit score is also impacted by the age of your account. You should know what is the actual age of your credit account, and how this factor is affecting your overall credit score. Buying the right trade lines for your credit account will also depend on your account’s age. If you have multiple credit accounts, you should calculate the average age of all the accounts you have.

If you don’t know the age of your credit accounts, you can use any popular website to get a free credit report.

How Much Credit You Are Using?

You should also know how much credit you are using in comparison to the credit limit of all your credit accounts combined. This is also known as credit utilization ratio, and is an important factor when it comes to calculating your credit score.

If your credit utilization ratio is significantly higher, it can affect your credit score negatively. That is because credit utilization ratio accounts for about 30% of your overall credit score. You should calculate your credit utilization ratio before adding any trade lines to your account. Having a higher ratio can make adding tradelines to your account a bit tricky.

Know Your Priorities

The age of your credit account is one of the most important factors when it comes to calculating the credit score of your account. That’s because more age means you had more time to gather a positive or negative credit score. So, you should consult an expert before adding tradelines to your account to know your priorities.

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