A seasoned tradeline is a line of credit that the borrower has held open in good standing for a long period of time, typically at least two years. The "seasoned" part implies that the account is aged or that it has an established history. When you purchase a tradeline with Exchange Credit Repair, LLC the transaction is completed through one of our third-party vendors for a fee, and prices can range between $250 up to $2500 depending on the line that you may select. Once you purchase the tradeline, it will typically remain on your credit report as an open account for a short period, after which you'll be removed from the credit card account. ...

One common piece of advice for building credit is to ask a family member with good credit to add you as an authorized user on their credit card account. That way, your credit score benefits from the primary user's lengthy credit history, on-time payments and low utilization rate. Buying a tradeline is sort of like becoming an authorized user on someone else's credit card account.

All tradelines that you request comes with history and a set credit limit for each account. As with any line of credit it will appear on your credit report. This includes both revolving accounts and installment loans. Revolving accounts are accounts that can be used repeatedly without paying them off in full every month, so they may fluctuate in balance and minimum payment. Some examples of revolving accounts include credit cards, department store cards and home equity lines of credit. An installment loan is a loan that is repaid over time with a set number of scheduled payments. Some examples of an installment account are known as mortgages, auto loans, and student loans.

All of these different types of accounts are tradelines. Essentially, whether you have good or bad credit depends entirely on how you manage your tradelines. In order for you to add tradelines to your credit report, you must be added as an authorized user prior to the statement date. To understand how long it takes to add tradelines to your credit report, you must be familiar with two concepts:

1) Statement Dates

2) Report Dates

Statement dates are the dates the banks close the billing cycle. Your statement date on a credit card happens every 30 days and this date can fluctuate a few days depending on the number of days in the month. Report dates are the dates on which the tradeline (or credit card) information is reported from the banks and creditors and to the credit bureaus. If you were added on 8/08/2021, the tradeline would not have REPORTED until 72 hours later on Experian, and seven days later on Equifax.

No tradeline company has control over this. We give clients a 15 to 45-day window. While we’ve seen rare cases of reporting in just a few days, we are comfortable saying the soonest you will see the line is in 15 days. This gives us time to handle agreements, payments, and otherwise facilitate the transaction. The reason it can take up to 45 days is a result of the line selected. If today is the 1st, and you pick a line that reports on the 28th, then you are waiting 27 days before the line even reports to the bureaus. And, as you’ve seen above, you have another few days before the line hits across credit bureaus. We guarantee that our lines will report on two of the three credit bureaus, and in most cases all three credit bureaus. While you're an authorized user on the account, you don't actually have access to the line of credit.