What Are Tradelines For Credit Repairs?
Both tradelines and credit repair are effective ways of improving your credit. They do the same thing but they are not the same.
They are strategies that complement each other when used together.
Credit repair refers to the process of correcting poor credit that is as a result of errors in your credit report or identity theft.
Tradelines, on the other hand, are simply accounts in your credit file and refer to bulking up your file.
While credit repair can be thought of as a process of removing negative information from your credit report, tradelines add positive information to your credit line.
Tradelines Vs Credit Repairs
In ideal cases, tradelines and credit repair can exist together and run concurrently for the overall benefit of your credit line.
However, in cases where you have bad credit as a result of identity theft or negative reporting on your credit line, this impacts on your overall credit score.
This will affect your tradelines with a diminishing effect. You will need to repair your credit beforehand in such a case before adding tradelines (How do tradelines work ?).
Although some credit repair programs take a long time to accomplish, it’s never too late to have a good credit score.
Depending on your credit situation and timelines, you can employ either of the strategies to streamline your credit line.
What is First?
You need to understand that you can employ both tradeline and credit repair as strategies to boost your credit line scores at the same time.
However, tradelines are only supplementary measures for either an already short credit account or a thin credit history.
You can’t fix your credit line by only employing tradelines (which are simple additions to positive account transactions).
Credit repair will not only clear bad logs in your credit line, but also improve your credit account scores by boosting your credit score rating.
With a good credit rating, you can easily build your credit score further with tradeline supplementary accounts.
Who Offers Tradeline and Credit Repair Services?
Most tradeline agencies compete with credit repair services for business. You might not get the best advice from them with regards to improving your credit score gradually and steadily.
There is always competition between the two service providers for clientele. Their services are also essentially intertwined.
You need to research and select a qualified and established credit reference company.
They can advise you on how and when to incorporate tradelines as a strategy for improving your account rating by the bureau.
A good credit repair company will advise you on how to clear both short credit accounts and thin credit histories.
They will also advise when it is appropriate to include tradelines as a strategy for managing your credit accounts.
Conclusion
Essentially, credit repairs take longer to resolve compared to using tradelines to improve your credit.
Once you make an application for correction or removal of anomalies in your credit account, the credit bureau has to investigate before they can be able to correct the anomalies and issue a clean bill of health for your accounts.
Tradelines, on the other hand, are additions to your account transactional history which are fast and reliable.
Category: Credit
