Can Tradelines Boost Credit?
Yes, tradelines can boost credit.
Tradelines are debts that you’re paying off like credit cards or auto loans, or any time of loans.
Payment history, credit age, credit card utilization, inquiries, total account, and derogatory marks are the six main categories that your credit is composed of.
Inquiries and derogatory marks will hurt your score, the others can help to boost your credit.
If you have some payments that you’ve missed or your credit card has overutilization, those are things you want to consider before you purchase tradelines.
Try not to end up with a massive limit on your tradeline, which can hurt your credit, you need to find the best tradeline for your situation, that is very important. You can search for tradelines that will add history for example if that’s best for your situation.
There are many ways to explore tradelines but don’t be overwhelmed, we can help you find the right solution for you, make sure to contact us for more information.