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Primary tradelines are basically a thing of the past. People for a while got away with making up fake accounts and payment histories and setting up false companies for that purpose. Now, credit bureaus are too strict and people can't get through. Really the only way to do this now is to assume a prior existing account, like they do at Assumable Assets, Inc. Their website is http://www.assumableaccounts.com for more information. I guess what makes it legal is that it's a real account and you really take over responsibility including the monthly payment. They're very knowledgeable about all of this stuff and really got me out of a tight spot in January after Christmas left me a little financially dry.
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∙ 14y ago
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Can primary tradelines be bought?
Primary tradelines, or trade lines as they are called in the industry cannot be 'bought.' At least not legally. Most companies will charge a fee and then set up a fake payment history for you and report this to the bureaus. This is bad news. The Federal Trade Commission is investigating these primary lines as fraud. They indicated that the customers who participate in these scams can also be considered part of the crime committed. If you really want to boost your credit score with lines in your own name, your best bet is setting up real accounts with finance groups like http://www.primarycreditlines.com . CBS Credit is probably the only company that is setting up primary lines that you actually make a real monthly payment on. They also transfer responsibility of existing accounts to credit investors giving you a legal and honest way to get years of payment history. My fiancee used their services and saw her scores go up like 200 points with all three bureaus. Not only that, but their lines report in like thirty days or less. As long as she keeps making her payment, the lines keep reporting as active.
Can a seasoned primary trade line be transferred into a new individual's name legally?
Accounts don't just get 'transferred.' Tradelines and trade lines accounts can be assumed. The distinction is that assumption is bidirectional: an individual must be relieved and forgiven of a debt obligation in order for another to assume it. Transferring implies that someone can just get the pay history put into their name, which is illegal. Account assumption existed way before tradelines, but primary trade lines have still dominated the credit enhancement industry for quite some time, until the credit bureaus started rolling out means of stopping companies from reporting them. Long story short, you can't get the pay history without also accepting the responsibility for an account and making ACTUAL monthly payments on that obligation. Credit bureaus and the governmental entities do not want people buying credit history, so you can't buy the history per se, but you can purchase the opportunity to build new history and inherit the balance history on an account you assume. The most famous company doing this that I know of, from seeing them on Fox News is Assumable Assets out of Kansas City, MO. Their website is http://www.assumableaccounts.com And, as always, proceed with caution in any tradeline or credit related transaction.
What is a credit repair company?
What is a credit repair company?Stage 1: Immediate Credit Interrogations - After signing up, a legal expert will aggressively begin first round disputes to gain traction on rebuilding your credit score.Stage 2: Score Optimization - While your interrogations are active, we'll assist you in analyzing your debt-to-equity ratio to optimize your score goal at a stable state.Stage 3: Positive Tradeline Recommendations - Part of rebuilding your credit standing is creating positive tradelines. We will recommend you our handpicked choice of lenders and credit companies catered to your specific case.Stage 4: Current/Future Budgeting - We'll balance your budget according to your score, tradelines, and lines of income, all for added security in gaining the financing you really deserve for all of life's costs.If you use a credit repair company, just make sure you deal with a reputable company. Consider finding a consultant that is a member of a trade association that regulates the credit service industry. Credit Consultants Association is such an organization.
How long do trade lines stay on your credit report?
untill i dk im trolling u
Are tradeline illegal?
Reportedly, buying trade lines is illegal. A trade line is something that will make a credit report look better. According to the Fair Credit Reporting Act, this is illegal.
Can primary tradelines be bought?
Primary tradelines, or trade lines as they are called in the industry cannot be 'bought.' At least not legally. Most companies will charge a fee and then set up a fake payment history for you and report this to the bureaus. This is bad news. The Federal Trade Commission is investigating these primary lines as fraud. They indicated that the customers who participate in these scams can also be considered part of the crime committed. If you really want to boost your credit score with lines in your own name, your best bet is setting up real accounts with finance groups like http://www.primarycreditlines.com . CBS Credit is probably the only company that is setting up primary lines that you actually make a real monthly payment on. They also transfer responsibility of existing accounts to credit investors giving you a legal and honest way to get years of payment history. My fiancee used their services and saw her scores go up like 200 points with all three bureaus. Not only that, but their lines report in like thirty days or less. As long as she keeps making her payment, the lines keep reporting as active.
Is it legal to pay to add trade lines to one's credit report in an effort to increase the credit score?
This is a fraudulent way to add trade lines to your credit report, since the trade lines are basically rented to get a loan, and they are not truly yours. It has been noticed by the mortgage industry, at least, and there are safeguards. It is easy enough for you to obtain four tradelines (stores, affinity cards) on your own and keep them paid up on time and so to build your credit rating as time passes.
How does the distribution of natural resources relate to world trade?
Natural Resources are the primary trade items in the world.
Can a seasoned primary trade line be transferred into a new individual's name legally?
Accounts don't just get 'transferred.' Tradelines and trade lines accounts can be assumed. The distinction is that assumption is bidirectional: an individual must be relieved and forgiven of a debt obligation in order for another to assume it. Transferring implies that someone can just get the pay history put into their name, which is illegal. Account assumption existed way before tradelines, but primary trade lines have still dominated the credit enhancement industry for quite some time, until the credit bureaus started rolling out means of stopping companies from reporting them. Long story short, you can't get the pay history without also accepting the responsibility for an account and making ACTUAL monthly payments on that obligation. Credit bureaus and the governmental entities do not want people buying credit history, so you can't buy the history per se, but you can purchase the opportunity to build new history and inherit the balance history on an account you assume. The most famous company doing this that I know of, from seeing them on Fox News is Assumable Assets out of Kansas City, MO. Their website is http://www.assumableaccounts.com And, as always, proceed with caution in any tradeline or credit related transaction.
Is slave trade still legal in some places?
No, slavery and the slave trade are illegal worldwide under international law. However, forced labor and human trafficking still exist in various forms, despite being outlawed. Governments and organizations continue to work towards eradicating these practices.
What are trade lines?
They Are Three Set Of Lines That Seperate Certain Words . (:
What is the !term that describes international trade that is not controlled or affected by any legal restrictions?
Free trade is international trade that is not controlled or affected by any legal restrictions.
What is the economic term that describes international trade that is not controlled or affected by an legal restrictions?
Free trade is international trade that is not controlled or affected by any legal restrictions.
Who does Canada trade with the most?
Canada's primary trade partner is the United States.
What are 3 trade lines?
They Are Three Set Of Lines That Seperate Certain Words . (:
What is the economic term that describes international trade that is not controlled or affected by any legal restrictions?
Free trade is international trade that is not controlled or affected by any legal restrictions.
What is extralegal trade?
Trade that is not legal or not covered under existing regulations.
