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5 Steps for Adding Tradelines to Your Credit

The process for adding tradelines to your credit report might vary depending on which tradeline company you use. However, the general step-by-step procedure is basically the same.

#1. Choose the tradeline

Look for tradelines that fit your needs. Generally, you can expect to pay more for an older tradeline, as this means the account is older.

You can choose as many tradelines as you want, but be mindful that quantity isn't necessarily better than quality. It might be worth paying a bit more for fewer tradelines instead of buying up a bunch of lower quality accounts.

#2. Read and sign the contract

When you purchase a tradeline, you actually rent it for a period of time. This means you're added to the account as an authorized user for a short amount of time, such as two reporting cycles.

When you buy the tradeline, the tradeline company will prepare a rental or lease agreement that sets forth your rights. Read it carefully before signing, and make sure to contact the tradeline company if you have any questions.

#3. Complete the payment process

Tradeline companies have sophisticated customer payment processes that let you complete a secure purchase online.

In some cases, you might be able to make your payment over the phone. However, most tradeline companies give you the option to pay online.

#4. Upload any required documents

You might need to provide the tradeline company with copies of certain documents. For example, the tradeline company might require a copy of your driver's license and social security card.

In many cases, you can upload your documents to the tradeline company's system from your computer. Make sure the tradeline company's site is secure before you upload any personal documents to its website or customer portal.

#5. Check your credit report

Once you've purchased the tradeline, the only thing you need to do is wait for it to appear on your credit report. You can monitor your score for free using the Discover Scorecard.

Tradeline companies will usually provide you with updates as your credit history improves. However, you should still check your report to make sure the tradelines show up as promised.

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