Here at Las Vegas Tradelines, we have a clear understanding of effective credit building strategies, and we’d love to share them with you! Far from being the prerogative of financial muscle, tradelines are accessible and can build credit in a healthy way.
11 Common Tradeline Buying Mistakes to Avoid
1. Misunderstanding Tradeline Operation
Understanding tradelines is the first step toward mastering them, and here at Las Vegas Tradelines, we understand not everyone is an instant expert. That’s fine! However, underestimating and seeking incorrect guidance can lead to disappointment.
Purchasing tradelines should be done with caution and due diligence, but also excitement. At times, sales agents may exaggerate the features of some products and give you a misleading impression of the market depending on the amount of commissions they receive for a particular product. The truth is, each situation is unique, and each individual requires a personal touch.
Education, awareness, and a dedication to increasing your standing are what drives us here at Las Vegas Tradelines. We want to see you thrive and avoid being drawn in to potentially meaningless investments. Get in touch today to see how we can turn your situation into a winning one.
2. Ethical Issues with Tradeline Companies
This industry dictates a level of ethical gray areas that are unfortunately exploited all too often. At Las Vegas Tradelines, our commitment is to you, and only you. Trust is essential and we believe it begins with the personal relationship forged.
Some of the typical issues with tradelines include tradelines that fail to post, pricing issues relative to objective value, and the simple quality of not reaching expected levels. These are the dealings of unethical companies who will be quick to take your money.
In addition to this, security of online transactions is paramount, and working with a reliable company includes this consideration. A professional looking website is often the first clue. Further information comes from reviews and how trustworthy they seem, or whether they may have been a scam. Finally, customer service levels are a key indicator of the quality of a company.
3. Tradeline Assessment- Is Price Everything?
It is tempting to use price as a judgement on so many things we do. However, when looking into tradelines, it can often be misleading. Just because a tradeline is expensive does not necessarily mean it is a wise investment, more reliable, or a sure winner.
We might make judgments based on our credit and what seems to have the potential to improve credit. However, there are many tradelines that seem like wise investments that can have damaging effects on credit. Lowering utilization ratios and improving age of accounts are important factors.
At Las Vegas Tradelines, we take your investments seriously, and are here to guide you through the potential of each investment.
4. The Influence of Credit Scores
Your credit score can be an important factor in investing in tradelines. We understand that having a good overview of the mechanics of credit scores is important. At Las Vegas Tradelines, we are here to guide you every step of the way.
Our resources and industry experience allow us to guide you along the process of understanding your credit score. Taking the time to assess potential opportunities is important. Understanding how credit scores can affect these opportunities is equally important.
Get in touch today and allow us to guide you through the world of credit scores.
5. The Influence of Credit Freezes and Fraud Alerts
Your account management should be fully assessed before entering the world of tradelines. At Las Vegas Tradelines, we have the knowledge and experience to guide you through account management, and identify any problematic areas.
Typically, some of the most concerning obstacles involve credit freezes and fraud alerts. While not the end of the world by any means, they create uncertainty with tradelines, and it is unlikely a tradeline will be posted on an account displaying these issues.
Credit bureaus should be contacted in the case of fraud alerts credit freezes. You will be able to remove either by requesting it with them. When the fraud alert or credit freeze is no longer there, tradelines become an option.
6. Testing the Waters with Cheap Tradelines
This is a common mistake in many areas of life. Experimentation, though often healthy, must be guided and have some form of logic. With our expertise in the tradeline field, we can create logical solutions to tradeline issues.
Ultimately, this approach is not a solid commitment. Investing in something without truly believing in it can create an adverse effect. This is not good in the world of tradelines. Trial and error is not the approach. At Las Vegas Tradelines we eliminate the risk, and omit the time wasted experimenting.
As mentioned, age of accounts is important, and experimentation can have a big impact on the age of accounts and the average that goes along with it.
7. Using Tradelines in Lieu of Debt Repayment
High utilizations ratios can stymie credit progress, whether you are in the tradeline game or not. As long as it is there, it will be a factor in your credit score. As such, paying credit cards off remains just as important when looking into tradelines.
Though a highly effective way to build credit, tradelines are not a substitution for debt repayment.
8. Incorrect Personal Information
Though seemingly obvious and simple, there are oftentimes when information such as an address does not match across various reports. This slows down the progress and creates a needless obstacle, so ensuring diligence in completion of all requirements is a wise choice!
9. Working with Tradeline Age
As mentioned, the age of a tradeline gives it important value in the long term. This is something we here at Las Vegas Tradelines understand. Average age of accounts is an important metric and cannot be underestimated.
The average is created through sound investment over long periods of time. Deciding on an appropriate tradeline is hugely significant. It can put you back in a big way if chosen incorrectly or with haste. On the other hand, a wise investment can bring exceptional growth.
10. Tradelines as Credit Repair- Unwise and Short-Sighted
Using tradelines as a way to repair credit is incorrect. Though it is tempting, it rarely ends in success, and we at Las Vegas Tradelines understand the need to repair bad credit. The need stems from credit reports, which can influence a lot of other things.
First, checking the accuracy of credit reports is crucial, as they are not immune from inaccuracy. Removing inaccurate items is crucial to moving forward. At Las Vegas Tradelines we are able to identify these things and help resolve any issues.
Credit repair and tradelines can work together under the right conditions, and we are here to guide you through the process every step of the way.