7 Secrets Tradeline Companies Don't Want You to Know

[Music] all right guys welcome to the credit game my name is mike you know i come to you every single day monday through friday and even on saturday so i can be inside your ears talking about credit to make sure not only that i'm holding myself accountable to learning credit and being an expert in the space but also to make sure that you guys are learning what you need to do when you need to make a credit decision and how you're going to execute when it is time to make a credit decision you see if you no credit like the back of your hand literally as you look at it you know what it looks like if you knew that every time you had to make a credit decision that you would have an outcome to your favor well then guess what that's what i'm talking about by expert so i'm going to ask you guys first if it's your first time on the channel welcome aboard first and foremost i want to thank everyone you guys this was a video to me to say thank you for being a subscriber it means the world to us and our organization that you are a subscriber to our channel so that's just me thanking you guys for doing that hitting the like button and turn on your bell notifications showing that you want the videos every day those three steps right there are absolutely uh so important to not only your success but to the success of the company and being able to raise the national credit score to 667 to 700 that's my goal and i want your help doing that and i'm going to help you raise your score by giving you the tips the tricks and things you need to do every single day that's why i do this channel every day for you guys i love you guys i thank you for subscribing so make sure it's your first time subscribe if you're already subscribed make sure that you definitely smash the like button uh if you can find your heart to do that that it resonates with you and then lastly turn on your bell notifications make sure you select all i'm gonna get right into it we're gonna talk about the seven reasons um actually we'll say it like this the seven benefits of having trade lines so what our clients are asking us is they don't know a whole lot about trade lines to some people it's extremely um you know everybody knows about it and to some people they never have heard of a trade line before they're like what is a trade line right so i'm gonna clear some of that air today to make sure that you guys know what it is how it works the benefits of it and really uh just the ins and outs of trade line so let's start with this what a lot of people are asking is why trade lines sometimes don't report okay so first you have to understand what a trade line is let me explain what a trade line is okay when we're talking about the term trade line when you're talking about credit repair okay trade line means that we have somebody okay whether it's your father or your mother your uncle a company that has great credit no missed payments uh they've got one card doesn't mean you have to have a great credit score they just have a card that has no late payments their utilization is low on that card and that card reports the credit bureaus and they are willing to say hey i will add you as an authorized user now there's no impact to the card holder okay you can't steal their identity and you know they don't know it you know as far as like you know them being able to use the card or being able to get any of your information you can't get any information okay so first of all from a trade line standpoint as the person with the card there is no risk to you okay i'll talk a little bit about risk in a minute but for the most part there's no risk okay you're helping somebody else out what a trade line is this you're piggybacking off of their credit if they got a ten thousand dollar credit limit and a card's like eight years old okay then it's never missed a payment no late payments and the utilization is typically under 25 percent on that card and they don't plan on maxing it out then you want to get added as an authorized user okay because that is going to copy paste onto your credit then they'll you'll have the 10k limit and you'll have the eight years of history now i want to list out a few cards because people are saying why do some lines post and some don't so secret number one is this not all credit um cards number one report to the credit bureaus and number two some don't report for reasons that i'll explain in a second okay so capital one usaa navy federal discover okay citibank these are lines that are what they call automatic posting okay that means that there's no work done on your part all the person has to do is call the credit card company if they're one of those cards and say hey i want to add a xxx your name here's their date of birth here's their social you do nothing the card will report okay we'll talk about time frames in a minute companies like chase um synchrony bank wells fargo just to name a few of them typically when you contact them they don't take the social so there's a workaround if you're like i must have a chase all my credit report is an authorized user there's a workaround we're gonna talk about that okay but generally speaking the automatic posting lines are much easier to get to report for you than something like a wells fargo chaser synchrony okay so that's secret number one is to pick an automatic posting line over something like a chase wells fargo and synchrony bank because those take additional work which we'll talk about in a minute okay um let's talk about secret number two because a lot of people are asking about what about amex well the cool thing about amex is it's great if you are being added as an authorized user to amex because you're trying to lower utilization the one thing that does not happen with the amex is it does not report age okay so it's the one line that no matter if it's 10 years old or one month old it's going to show up as a one month old account so it is not good for if you need to add age to your credit report so someone's trying to sell you an american express and you've got high utilization typically american express have higher credit limits so therefore it's a good card to lower your utilization okay because you're adding that new credit on there but it will not report any age it'll report as month number one okay so that's secret number two is again understanding that if you're looking for age don't go amex if you're looking for utilization it's a great card okay secret number three is remember we were talking about um getting a line to report remember the chase to wells fargo and synchrony you can still use those but what you need to do is you need to log into your credit monitoring service and you need to add an additional address and that address has to be the card holder's address onto your credit report because when the card holder contacts chase wells fargo synchrony they're going to ask for the name date of birth they will not ask for the social remember i told you a little bit more difficult to get these report the way you can do it is adding the card holder's address onto your credit report so you would log into your fico your identity iq and then where it says update address instead of your address there you would change it out for the cardholder's address okay and that would make the line report okay that is one way to get the line to report so a lot of people are saying hey this line didn't report it was a chase it was a synchrony didn't report okay and that is the reason why okay now let me do a disclaimer right up front i don't sell trade lines we are not a trade line vendor um the reason for this video is i'm gonna explain it and at the end however uh we use a third-party vendor for trade lines with our program and i want to make sure that you guys know if you're going to purchase trade lines you got to know exactly which ones to purchase and i'm going to tell you what i would do if it was me that was getting trade lines the kind of trade lines that i would put on my personal report okay now you have to understand what a statement data is okay so one of the most important things about um getting a trade line okay and you guys are going to want to back go through this video a million times okay just go back to the video so that we have this information and then make your purchase of the trade line okay statement date every single credit card has a different statement date okay so if today is october 15th for example okay and you are about to purchase trade lines what you want to look for is a statement date that is after the 15th by a few days so you would be looking for something like october 17th october 18th these are going to be the fastest posting lines if you pick a card that has a statement date prior to the 15th and again the date i'm saying is the 15th because if today was the 15th now today was the seventh i would be looking for a few days after the seventh like the eighth ninth or ten okay so whatever day you're in at about two to three days and that's the statement date of the card that you want to get okay you guys follow me now the biggest question that we have is how long does it take for a trade line to report generally speaking most companies will tell you 30 days okay just to be safe to have that buffer what we have found is if you can time it perfectly and like i just said if you can get it like two to three days after a statement date then you're looking at about seven days seven to ten days max after the statement date it should be on your credit report so using the example of today being the 15th and you're like hey i want to purchase a line you go and you're looking at trade lines you're looking at the 17th and 18th as the statement date of card you want to get figure 7 to ten days after that 27th 25th to 27th of october it will report okay and again use the date that you're purchasing and then add about two more days and that's about the time frame that you want to be looking for as far as cards that are going to report the fastest nobody wants to wait 30 days for a trade line to post okay so if you're trying to make a move quicker two to three days after the date of the day that you're actually making a purchase look for a card with that statement date that is a key right there that's a bomb that has dropped on you guys that's how you get fast posting lines that's how i've seen people increase their credit score 100 points in seven days because when i talk about the next uh trick tip seeker whatever you want to call it i'm going to share with you the importance of how and what kind of trade lines you want to report to get the biggest and biggest bang for your buck also the most impact to your credit score i can't make any guarantees because i'm not chase i'm not wells fargo i'm not citibank i'm not i'm not banks what i can tell you is an average but everybody's credit's different everybody's credit's like a fingerprint right the more negative you have probably the less impact you're gonna make on a trade line the less accounts you have the more impact you're gonna have so if you have 35 accounts right and they're all positive you're gonna have less impact using a trade line because you got a lot of accounts okay and so throwing another one in there is not raising your age it's not helping too much okay i'll tell you what to do there but if you have one or two accounts you got a thin file or you got a couple accounts under five and you get a decent trade line you're gonna get more impact okay if you have 15 negatives and one positive and you get a trade line are you gonna get a lot of impact probably not okay so secret number five is this um people are asking this they want to know like why do some cards report to two bureaus and three well again i'm not the bank but i can tell you that the ones that do not take the social generally are the ones that only report to two credit bureaus okay so wells fargo chase synchrony community bank these are these are lines that when the cardholder adds you they're not taking the social security number over the phone no matter what you do they won't take it these generally the ones that you change the address in your credit monitoring but these are also generally the ones that do not report to all three okay so understand that if you're looking for a three bureau uh posting then you want to go with the navy federal usa the navy uh the the discover the bank of america the cap ones those lines generally report to all three credit bureaus and don't need an address change in your credit monitoring to match the address okay i'm moving quick because i'm trying to i'm trying to bomb you guys so you know exactly what you're doing okay if i'm looking personally for myself okay here's what i would do okay and this is again from my personal opinion what i would do if it was me buying a trade line first of all i would buy what they call progression file so i would buy two or three trade lines but let's use the two example in a case like this what i'm going to do is i'm going to pick a trade line okay that has a lower credit limit but super old give you example 4 to 5k credit limit 20 years old okay i'm gonna pair that with something with a very high credit limit twenty thousand plus twenty thirty thousand plus and i'm looking at about two years of age that's if i personally right now said you know what i want to go get trade lines that's what i would put on my file i put a three to five k trade line on there 20 years old and i'd pay i pair that with something with like 30 000 2 years old because what that shows is this it shows progression it shows that your credit has gotten better over the years and you've been approved for higher and higher limits it shows that 20 years ago you got three to four thousand credit limit and then two years ago you were able to get a thirty thousand so your next card would then implicate basically it's gonna emulate what you have and go okay his score and his credit limit and everything increased and he was able to get a higher credit limit and now your high credit on your credit is now thirty thousand not three thousand okay so that's what i would put on my credit report personally everybody's gonna be different but that's what i would do is i would get a low credit limit high age high credit limit nothing less than two years okay because we got to fight you guys we're going to worry about don't go anything less than two years okay it's not going to make any impact especially when fico gets put out here very soon all right um a lot of people are asking this you know they want to know how long do trade lines stay on your credit report generally speaking 30 to 45 days okay these are great for people that are looking to buy a house buy a car get a credit card start a business finance furniture do renovation on their house they need to increase their credit score fast this is the number one fastest way to raise your credit score without a shadow of a doubt if you time this perfectly a trade line will be the fastest way that you can increase your credit score okay i have seen i have seen countless people raise their credits for hundreds of points literally within a week i've seen people that went from from from 500 to 750 in under a week because they've timed it perfectly with the statement date based on the date that they were buying the trade line and literally they bought a high high high 35 40 000 credit limit with something with 20 years old and they just blasted out and were able to get like 190 points okay it could be the difference of getting approved for a car or not could be the difference between getting a house and not could be difference between getting out of an apartment or not getting a new apartment or not starting a business or not financing something yes or no getting a loan yes or no that could be the difference of one trade line if you do this right okay the higher the credit limit and the older the card the more impact you're going to get to your credit i don't know how many points but i can give you an average generally speaking okay you get five to seven points per year of trade line that you're purchasing for example if you want something that's ten years old okay and it has a ten thousand credit limit for example and it's ten years old what you want to do is you want to go by the age so 10 years old five to seven points per year that's going to put you at about 50 to 70 point increase that's a generally speaking uh scenario again that's not like all results are not the same everybody's a little bit different if you have 15 negatives on there no positives you might not get 50 to 70 points even with that same trade line because you got to push down the negative the more positives you have so if you got more negatives push it down by adding more positive trade lines on there while you're removing the negatives you're pushing down the pi you're pushing down the negatives while you're removing the negatives you're pushing them down as well by putting on these positive trade lines people are asking like why would i get a trade line why would you not you want a score increase or do you want to be stagnant okay so that's the thing about a trade line is that is people that have great card i i don't want to say create credit because somebody could have a 500 credit score and have one card that's got 20 000 limit they've never missed any payments on it's got low utilization and that card can still be good it doesn't matter what the rest of their credit looks like it matters what the card that they are adding you to does that card report to the credit bureaus does it have low utilization okay and has it ever had a missed payment if you can answer yes to all those it's a great card doesn't matter what their credit score is it's based on the card that they are adding you to not their overall credit so maybe every other card they have they got five credit cards and every other one of them is maxed out and they just happen to have this this old you know sears card that's a citibank and it's got 20 years of history and they haven't used it in 10 years it's got a 5 000 limit but everything else is maxed out because they don't use sears is that a good card yes would you get an amazing impact from it yes but it doesn't matter about the rest of their credit it matters about the card that you're being added to okay so that's the impact you guys need to know like like th this is go back through this video a million times but i'm gonna tell you something i'm not a trade line vendor okay my program the credit the the credit game that that i created for me okay that has helped me out tremendously get from 515 to 827 was built for me okay that's why everything in it everything from every video to every part of the copy inside of it is indicating being built for me i wrote it for myself and now i share it with the world okay so if you're interested in getting trade lines if you're interested in getting credit repair okay what i offer here is called the credit game this education platform was designed again for myself now part of the program okay allows you to get elite credit repair for free i send our vendor enough business okay and basically part of that deal is um you guys get the elite credit repair because i send him enough business same thing with the trade line side okay we've got the top vendors in the nation one for the elite credit pair one for the trade line inside the platform so not only do you learn because i can get you to an 800 credit score that's not the problem the biggest problem that people have is they don't know what to do once they get there they cannot maintain it they don't have to leverage it they don't know what credit cards you get once they get there and that's the biggest problem okay it's not getting to an 800 that's easy which may seem difficult to you but it's very easy to get there but now to for you to keep it like i've kept mine for seven years straight is that is the tougher part which i teach inside the credit game so if you guys are looking for elite credit repair fastest credit repair on the planet get results in 60 days or less and you're looking for trade lines and i don't mean trade lines at regular prices i mean because i send this company enough business they are willing to give you 60 to 70 percent off 60 to 70 off competitive prices it's a no-brainer literally you could literally start flipping them okay you're getting 60 the 70 off so for for example a normal trade line and maybe 500 bucks you may pay 150 bucks for normal trade line that maybe a thousand dollars you may pay 300 200 for through my program okay so i've got the vendors set up for you that are like phenomenal been working for years i wouldn't put my neck out there if they were garbage top in elite credit pair top in trade lines okay in the nation and through our program called the credit game you get access to both of those with no additional cost [Music] the program itself the education platform also known as my associates my bachelor's my master's guide depending on what your needs are okay comes with free elite credit repair and access to the 60 to 70 off the trade lines if you're looking to get a car house you're looking to make a move quick and you're like hey i need my score increased quick because i'm trying to do x then you got to pick up the phone and call me because that's where you can help you with i wanted to educate you on trade line so you know exactly when your time like you're like hey i'm ready to get some trade lines because i need them because i'm trying to do x or i got client that's trying to x okay then you need to know which ones to get and that's why i wanted to do this video to help you guys out like and you would know hey this is what i need to get this is what i don't need to get this is how i need to make a move that being said if you're ready and you're truly ready only contact me if you're ready okay i'm asking you to contact me if you are serious about your credit i'm asking you to contact me if you're not ready i don't want any games okay we have 500 calls that come in to my business every day for people looking to get into the credit game okay i got a group of guys out there and one young lady out there that will take care of you on the sales floor our consultants are phenomenal okay they have a mission to help you they stand behind me and my product and my product is the best in the nation it's the first ever created program that never was taught in schools and mommy and daddy never taught us if you need to make a move on your credit this is the fastest way it's gonna happen okay there's garbage out there and then there's the credit game i'm telling you the difference is a huge difference if you want results and you want them fast then you'll call me at 904-420-7772 this is how trade lines work i just went through the steps for you so you know that when you get them you know what to do which ones you should pick which one should you report the fastest okay my recommendation is on abu s capital one discover bank of america usa navy federal u.s bank if you can get those automatic posting lines and you can pick a quick statement date with a high credit limit an old card age will always trump credit limit so for example if you got something with 20 000 credit limit at two years old and you have a choice of getting that over a 5k with 15 years old pick the 5k 15 years old over the other one until you have the money or whatever the case is to get that second one all right age over credit limit my name is mike with the credit game i'm looking forward to helping you raise your credit score and helping the nation change the average from 667 to over 700 and i need your help doing that this program can not only you can use for yourself but you can use your friends your family co-workers and your clients that's how it's scalable i'm not trying to teach johnny how to fish okay i'm not trying to feed him a fish i want to teach him how to fish and how to share this program with as many people as he wants it's scalable from the standpoint of everybody can use it and that's why i created the credit four two oh game seven seven two get you freely credit repair with any program and sixty to seventy percent off the trade lines and the entire platform that i built for myself that changed me from a 505 to an 827 and been able to maintain it for the last seven years straight call me i'll be waiting on your call 904-420-7772 call me when you're ready to change your life my name is mike from the credit game i love you guys i'll talk to you [Music] tomorrow you

Channel: The Credit Game

Views: 40,664

Rating: 4.9451647 out of 5

Keywords: 7 Secrets Tradeline Companies Don't Want You to Know, Tradeline, Tradeline Companies, legit tradeline companies, tradeline secrets, credit repair, credit repair and tradelines, credit repair secrets, make tons of money, credit game, how to get a perfect credit score for free, tradelines for credit 2020, perfect credit score, au tradelines for sale, au tradelines, authorized user tradelines, authorized user credit score increase

Id: UzGaOfX5ivI

Length: 24min 23sec (1463 seconds)

Published: Tue Oct 06 2020