3 Simple Ways to Add Tradelines to Your Credit Report

Home Manage Money 3 Simple Ways to Add Tradelines to Your Credit Report

A trade line is a record of activity for any type of credit extended to a borrower and reported to a credit reporting agency. For example, a mortgage loan is a tradeline, a credit card is a tradeline and trade lines are used by credit reporting agencies to calculate a borrower’s credit score.

Most creditors look at tradelines to determine if you are creditworthy, therefore, adding positive tradelines to your credit report come in handy to improve your credit score. Some people are even buying authorized user tradelines to get their credit score back up, however, it is not the only way. 

Pro-Tip: You can also add an authorized user tradeline on a primary tradeline. If you have a primary credit card, you can get someone authorized to post a tradeline on your credit report or vice versa — someone can put you on as an authorized user if you have a good credit score.

liability insurance

Creating a New Credit Account

Opening a new credit account automatically creates a new tradeline which allows you to have a positive record on your credit report. Also, increasing the number of total available credit lines can boost your credit score only if you are responsible for the payments.

Factors that determine your credit score include the type of credit you have in your account like mortgages, credit cards, etc. and the difference of how much money you had in that account and how much money you used. Where creating a new credit account can help you gain positive credit score, it can quickly destroy it too if you are not careful with the usage. 

Want free money?

  • Aspiration: Want to get spotted a $100 for free? Simply sign up for Aspiration, and the free banking app will give you cash for free, you just relax while it gives you $100 just for opening a new debit card. There’s no catch. This bank account is legit and only takes two minutes to sign up for an account.

I always advise people not to go for this option if they already have good credit from different sources. Your focus should be to go for quality rather than quantity. If you stay below the limits of your existing credits cards, the chances are that you won’t need to open new credit accounts. 

Adding an Authorized User Tradeline

By far, the most efficient method of boosting your credit score is by adding authorized user tradelines to your credit report. The difference between a primary tradeline and authorized user tradelines is that primary tradeline is handled personally by you and an authorized user tradeline is an account opened and managed by someone else.

Want free money?

  • Robinhood is a free investing app for your phone. I really mean free all around – free to join and they don’t charge any fees to buy or sell the stock. You can get a share of stock like Apple, Ford, or Sprint for free when you join through this link (must complete application). The value of the free share may be anywhere between $2.50 and $200 and fluctuates based on market movements. You’ve got nothing to lose.

This process is called piggybacking, which involves adding someone with good credit history on your account, and in turn, it gives a positive influx of credit and payment history. If you rent authorized user tradelines from trusted vendors like Personal Trade Lines, it will help you boost your credit score in no time. 

Add a Pre Existing Account to Your Credit Report

This is one of the handiest and least risky ways to add tradelines to your account. Quite simply, you can ask a parent, a relative, or a close friend to add you to their account. This will allow you to benefit from the other person’s positive payment history. However, you can do damage to their credit history if you are not careful and they can in-turn damage yours too.

You can also confirm that all your current and existing accounts are listed on your credit report so that whenever you successfully pay off a loan, creditors know about it. All your previous loans, mortgages and credit cards need to be listed on your credit report to avail the benefits of a positive score.

The Best Apps to Save You Real Money

Want free money?

Simply sign up for Aspiration, and the free banking app will give you cash for free, you just relax while it gives you $150 just for opening a new debit card. There’s no catch. This bank account is legit and only takes two minutes to sign up for an account.

We are on our phone a lot, right? Wouldn't it make sense to save money with the best money saving apps?

AppAt a glancedownload
capital one shoppingBestow
Leave your family $1M. Who doesn’t want to be a millionaire? While we don’t all have trust funds waiting for us, there is still a way to provide protection for your loved ones with up to $1 million in term life insurance. You could do this for as little as $8 a month by getting a free quote from Bestow.
Get a $100 bonus at Aspiration when you open and fund an account with $10 or more. Then use your Aspiration debit card to make at least $1,000 worth of cumulative transactions within 60 days of account opening.
Open a new account in the next 24 hours and you could get up to $200 in free stock.
Truebill reviewTruebill
This free app delivers on its promise to save you money effortlessly. You can use it to lower your bills, cancel unwanted subscriptions and bill negotiations.

About the author

On a similar note...

Explore More On

Our Favorite Apps

personal capitalThe First and Only Interest Earning Crypto Account
  • Receive up to $250 Bitcoin bonus when you make qualifying deposits over the first 30 days
  • Receive up to 8.6% annually on your crypto
  • Join the most trusted financial services for crypto investors on the market
aspirationThis Company Will Give You $150 for Opening a Free Account
  • Boost your savings and earn up to 1.00% APY interest on your savings
  • Get up to 10% cash back on your purchases
  • Get $150 bonus when you spend your first $1,000 with your new Aspiration Plus Card
personal capitalGet Up $500 in Free Stock for Joining
  • Commission-free stock, ETF and options trades
  • Get a free stock worth up $500 when joining (must complete application)
  • Simple, easy to use investor platform with no account minimums
sofiAll-In-One Investing That's Easy to Use
  • Invest in stocks, ETFs, crypto, or automated investing in all one app
  • No commissions for stocks and ETFs
  • Complimentary access to SoFi Financial Planners
personal capitalThe Smart and Free Way to Manage Your Money
  • Take control of your finances with the perfect union of technology and highly personalized service
  • Get access to free online financial tools, including retirement planner, investment checkup, net worth calculator and more
  • Digital-first wealth management advisor with 24,000 clients in 50 states
blooom401K and IRA Management
  • Start your free 401k and IRA management now
  • Find and reduce hidden fees
  • Improve your diversification
citEnjoy the Benefits of a CIT Bank Money Market Account
  • A CIT Bank Money Market Account helps you get more from your savings with interest rates for maximum growth
  • Earn over 7x the national average with high-interest rates
  • It now pays to open a money market account with CIT Bank
Do NOT follow this link or you will be banned from the site!