4. How to Purchase AU Tradlines

Hello, and welcome to this module, how to purchase authorized user trade lines. So this is going to be highly relevant for you. If you don’t know anybody in your network or someone that you’re close to, where you can deploy the authorized user tradeline strategy. So here is what we’re going to cover. So the first thing I’m going to break down is when you should purchase an authorized user trade line, the next thing I’m going to get into is the tradeline purchase. Key facts, just things you need to know. You can reach out to the specific trade line vendors that I’m going to recommend that I’m going to recommend and show, uh, the tradeline vendor sites that I suggest, and really just walk you through how to go about looking at them and how to implement them. So this is gonna be a fairly quick module.

However, it’s going to be action oriented because I’m going to show you how to purchase the trade lines. Assuming you have identified, this is going to be the strategy that you feel was going to be the best to boost your credit based off everything else that we’ve already done. Again, I’ve already repeated myself, but I’m going to repeat myself again, do not purchase a tradeline or become an authorized user on a trade line. As the only thing to improve your credit. All you’re doing is putting clean water in a dirty glass and the content of your credit report needs to be cleaned first before this really, really, really has a benefit on your credit. Now let’s go and hop right in. So when should you become an authorized user or become an authorized user? When, when should you purchase a line? It’s very similar to a slide that I’ve covered in a previous module.

The first thing is after you’ve completed the first eight weeks of the 700 Credit Score Academy without fail, don’t go out and do this. If you haven’t done that and, and ensure that there’s no negative items on your credit report, you do have that holy grail credit mix. You have the ice, you’ve established some credibility. You’ve done all the things that you can do on your, on your end. Also, all those negatives are removed from your credit report, with the exception of late or missed payments on open and current accounts. Also, if you’re looking for an extra boost at the end of this process, to really put you in position to apply for big ticket purchases. So it’s not necessary to do this for big ticket purchases, but all that’s going to do is give you that additional age and, and or that additional available credit to decrease your, your utilization percentage and, or just give you the ability to look like you’re more financially responsible.

So these are the key points in which you want to apply for the biggest one being before you do that home or car purchase, really the car purchase. And or if you’re looking to get like more personal loans. So this is when you want to do this. Now, couple of key facts that you just need to know. So the fraud alert must be removed from your credit report because the vendors are going to need your information in order to put it on, become for you to become an authorized user. So you have to go and remove the fraud alert. The other thing is need to understand that paid trade lines typically only report for two billing cycles. So again, we don’t sell trade lines. I’m just referring you to a vendor that does. And again, what I’ve found is that there’s typically on there for two billing cycles with TransUnion, for whatever reason, it’s going to stay on there, but it’s going to, it’s going to show closed.

So it’s not gonna, it’s not going to be open. So it’s going to be an open account on there for two billing cycles that will have that history there. The other thing is like the typically that’s 60 days, and then make sure, you know, you apply for credit after the tradeline has reported. So just because you purchased the trade line and I’ll get into logistics of this, when I show you the trade line vendor sites, just because you purchase it, does it mean that this reporting and you want to make sure that it’s actually reporting on your credit file before you go out and start really aggressively using that credit during that timeframe, because you now have that boost in that, that extra boost, that’s going to give you a, the score it’s going to give you a higher score. So with that higher score is going to get you into a little bit more higher tier categories.

So that way that is going to get you through the door. And then, and when I say, get you the through the door, remember the score gets you through the door. The report is what gets you the, the approval. So everything that we’ve done up to this point is make the credit report look good. The content of the credit report. Now, all we’re looking to do is have a really stronger score to get us up to maybe like a lower interest rate. And then we can back up our credibility with our, our report, which is why I’m saying ad nauseum, don’t do this until you’ve done the, the other foundational pieces. And then you want to look for accounts that are at least 6 to 10 years old with high available credit. Okay. And I’ll show you what I mean. So this account needs to be at least 6 to 10 years old.

If you’re looking to apply this strategy. So case in point last a few years ago, when I went in to get my Chase business card, I had waited for years before I wanted to get a Chase of credit card, really on the business side, I wanted to get them on a personal side, but I really, really, really wanted that business credit card from Chase because I knew Chase offered the higher limits. And I knew that if I got Chase, because I personally bank with Chase, they give me a good limit. So the first thing I’m going to explain to you is number one, I already had a really good banking relationship with Chase, no overdraft fees, nice account balances, good strong cash flow, manage the cash effectively. So that was on my, that was on my side. Then I was within the 5 and 24.

And then last, what I did was I went out and I purchased a Chase tradeline specifically, and it was a $65,000 trade line. Now it was a, it was an investment. However, I waited to I’ve wait until that Chase trade line was reporting on my credit file before I went and applied for the Chase business card, make a long story short because I was able to have the good account history with Chase. They saw my account balances that coupled with the fact of having that $65,000 authorized user trade line reporting entries, that was a personal trade line. I really believe that’s the reason why I’ve got such a high limit with my Chase business card, which was $51,000, 0% interest for 12 months, which is phenomenal. So I’m breaking down that story for you. So that way you can understand that that’s kind of, when you want to apply, you want to wait until, and that trade line was when that trade line also was 10 years old. So when you’re

Going to apply for, I would say business credit or personal loans or anything like that, you want to have a content there. And you’re really looking to do this, to add you that additional boost to extend you that additional credibility. Okay. So let’s go and get over to some of the sites that we have. So the first one is going to be right below. This video is tradeline supply. I have, this is the truth. This is the actual site that I went to to get that trade line that I was just breaking down. And all you want to do is click on this side that says by trade lines, all right? And then once you’ve clicked on by trade lines, the list of all of their trade lines will pop up. All right?

And this is how you use this little, you got to scroll down. Quick, drink of water. And what you’ll notice is you’ll see the bank, the card ID, which isn’t as relevant, the limit, the date opened and the purchase date, and then reporting period. Now all of these things are, are important then, then whether it’s in stock. So if you simply do like this, you just click on the arrows you’ll and you want to see the highest limit, the, how this, the highest limit that this site currently has is $40,000. So that’s not bad to be able to add a $40,000 tradeline, but then we want to look at, okay, when was the account open? What was open in July, 2018? So, um, it’s really not as old, uh, that’s only like two years old. And then we can see the other key thing that I want to show you here too. So, number one, we see that this is July, 2018, but then it’s saying, if I purchase by July 11th, then it’s going to report between June, July 22nd and July 29th in that seven day time period.

So why is this important? This is important because if it’s July 13th and you purchased this trade line and you’re expecting it to be reporting by that, it’s not going to report until August. It’s not going to report until the following month, which will be August 22nd to August 29th. So you want to make sure when you’re purchasing a trade line, that you look at the purchase by date to ensure that if you look at it, do this and make that big ticket purchase within that timeframe that you do it when this is reporting, which means make sure if, so, if you were looking to purchase this trade line before July 11th, and it’s going to report the same exact month, so that’s a really key thing, but you’ll notice that these are the, these are the two things you really want to be. Look at these three things you want to be looking at.

So if I’m looking at these trait lines, so we see 2018, here’s one 2010, 28,000 from Discover. And if a purchase by July, 2014, then I’m good to go. And this is really good because that’s 10 years. Here’s another one Chase 2007, that’s 13 years for purchase by July 11th. And we can just keep scrolling down and try to find the really good mix of trade lines. So when I look at this, I don’t necessarily look at the price because when you’re doing this, you’re really investing in your credit and you’re borrowing this for a specific reason. So we can see that there’s 2016, one is 4 years old, it’s a $20,000 limit. So it’s not as long and is 522 bucks for that 60 day timeframe. But the more moral of the story you just want to go and you want to find those, those trade lines.

Here’s another one. This is back from 2008. So it was 12 years of history, $14,000 limit. And that’s $715. As long as I purchased by July 23rd, it’s going to report August 4th through August 11th. So all of this information is really, really good. And you can see you just do your research here, just like I’ve showed you. So if I’m wanting to, let’s just say, purchase this Chase tradeline line for $32,000. Actually I wouldn’t do that. One. What I would do is, and I’m going to go to another site as well. I have personally worked with this side so I can vouch for it. So, um, let’s say, I’m going to do this. I thought I saw one for 10. Okay. It was discovered. So if I going to move forward with this, I would click on, add to cart and it’s going to take me to, the ability is going to take me to a place where I can purchase this trade line.

So all I need to do is just say, Hey, look, I want to proceed to checkout. And you will be able to really execute the process. So I already have a username and password because I’ve used this before, but you would just create an account. But once you credit your account, you’ll be able to log in with your account and then you’ll be able to access whatever you look into purchase, right? And you would decide to disclose your terms and all that good stuff. It’s going to be emailed to you. And you just follow the process. I’m not going to complete it because I’ve already done this, but it’s just breaking down how their process works and how to go about purchasing the trade line. Now, one key thing is they are not going to allow you to purchase this credit. So you will have to use an ACH wire ACH debit from your checking account.

So you will need your routing and account number in order for this to go through. Um, and that’s how that works. So authorized user trade lines to trade land supplies. Really good. I have used it several times over for several people to, uh, I recently found out about this other company called Boost 101. Now I haven’t used it, but I’ve had clients who have used it works. It works very similar to trade line supply. And in some scenarios, you’ll notice that Boost 101 may have more trade lines available or higher limits available than tradeline line supply. And the trade line supply may have more available than Boost credit 101 so it’s just another resource. This link is right below the video as well, but you can take a peek at. So all you need to do is click on the buy trade lines and a very, very similar scenario pops up like it just did on trade line supply.

So the only thing about this is that you can really, you can go, um, it kinda lets you look at the limit. So if I wanted to say, Hey, look, I want to get a $50,000 limit. It’s going to tell us right out the gate that these are the trade lines that they have available to have 50,000. Here’s one with chase $68,000 limit. And it’s 4 years old. And as long as you purchased by, it looks like the 28th. Um, it’s going to report by July 9th, right? So that’s, if you wanted to go for the gusto, you can see is quite, um, quite a bit of money. It’s $1,900, but I know it would be worth it. If you’re looking to get that big ticket purchase. Here’s another one. If I’m looking at these two, Chase and Citibank, this one’s 55,000 in his 27 years old, guy’s 27 years old.

Here’s another one. That’s what the Citibank, 54,000 that’s 19 years old. Right? So these two are really, really strong trade lines. And I might’ve been sure why this one is more expensive than this one, because this one actually, um, has lesser years in this one. But again, you would just follow the same exact process if you don’t want to get that large of a tradeline. And this is say you wanted to do like a 20 or $30,000 tradedline is going to give us all the 20 or $30,000 trade lines. If I wanted to do, Hey, look, I want the trade line to be at least 4 to 10 years old is going to tell me how it appears $25,000 trade line with Barclays and 6 years old. This is solid 25,825 bucks is another one with Synchrony Bank, 25,004 years old by about a third is the report by the July 14th.

So really, really, really great tool to use. So both of these are excellent options. You can see that USAA, Citibank all of these different trade lines has given me the ability to purchase. So here’s another one. Again, you can see, that’s another thing I’m going to show you the larger, the limit and the longer, or the older, the trade line, the more expensive, expensive it’s going to be. Okay. So you just would just click on at checkout and it works literally the same exact way as trade line supply, right? It just it’s like literally the same exact side. I don’t even, I don’t know if they’re in business together or not, but they may not be. They probably just say, Hey, look, we’re going to do the same exact thing you’re doing it doesn’t really matter. But look, you just follow the process and you pay for your trade line and that’s it. So this really shows you how to go out and purchase trade lines. So I will see you in the next module. Take action. If you feel like this is going to help you with that extra boost, assuming you may meet the criteria for purchasing the trade line.