When to Buy Two or More Tradelines?
Thin Credit File (Too Few Accounts)
Balance out derogatory accounts with positive tradelines.
Credit scoring models value a mix of several different types of credit accounts, so a thin file with only a few accounts might be limited in what it can achieve. In this case, adding a few tradelines would be ideal because it would help increase the number of accounts in the file.
On the other hand, someone with no credit at all or an extremely thin file can experience significant benefits from adding one tradeline, since they didn’t have much there to begin with. Of course, more than one tradeline will help even more.
Balance Out Derogatory Accounts
Accounts that have negative marks such as late payments and collections can really drag down credit. Derogatory accounts need to be outweighed by positive accounts, so one’s credit report should contain at least 2-3 positive tradelines for every negative account. Therefore, multiple tradelines may be necessary to balance out derogatory accounts damaging one’s credit.
For optimum results, buying several of the best tradelines would be a smart plan.
For those looking to get maximum results, buying several of our best tradelines would be the ideal plan. This becomes increasingly important for people who already have good credit (680 FICO or higher) because it is much more difficult to significantly impact one’s credit report with a file that is already relatively strong.
There is also a point of diminishing returns on tradelines for those with already high credit scores, so situations like this require purchasing the absolute best quality tradelines in order to achieve positive results.
In other instances, the goal may be extremely important and the risks of failing to meet that goal may be significant. In situations where the outcome is very important, we recommend using the maximum strength possible.
Of course, the risk is that there are no guarantees on what the results will be, but at least you can be sure that you received the maximum benefit possible from tradelines. The rest is up to you.
Posting to a Specific Credit Bureau
In time-critical situations, purchasing additional tradelines will help protect against potential non-postings.
If it is important for a tradeline to post to a specific credit bureau, this is a good time to consider purchasing more than one tradeline.
Unfortunately, banks and credit card companies are not always 100% accurate in their reporting process, so while we guarantee that each tradeline will post to at least any two out of the three major credit bureaus, we do not have any control over which of the three bureaus the tradelines will post to.
Because there is always a degree of uncertainty with tradelines, if you are looking to get a tradeline to post to a specific bureau, purchasing extra tradelines will help provide the added security you need.
Important Time-Sensitive Event
Similarly, if something important and time-sensitive is going on that depends on the tradelines posting, the safest bet is to get more than one tradeline. Again, we do offer a money-back guarantee if a non-posting occurs, but the fact is that non-postings do occasionally happen due to inconsistent reporting by the banks.
In time-critical situations, there may not be time to exchange a non-posting tradeline for a new one and wait for the new one to post. If you are counting on tradelines to post within a certain time frame, investing in additional tradelines will help hedge against potential non-postings.
When to Buy One High-Quality Tradeline
It’s usually best to purchase one high-quality tradeline if there are budget constraints.
If your budget is constrained to a certain dollar amount, it is usually better to purchase one high-quality tradeline rather than dividing that amount between two tradelines that are not as high in quality.
This is because credit scores consider both your average age of accounts and the age of your oldest account. A single account with lots of age has more potential to increase those numbers, while two accounts with less age may not offer as much improvement or might even dilute the credit file.
Here is a hypothetical example to consider. Let’s say your current average age of accounts is 2 years. If you were to spend the same amount of money in either case, would it be better to buy two tradelines that are both 4 years old, or one tradeline that is 8 years old?
If you decided to buy the two 4-year-old tradelines, this would increase your average age of accounts to about 3 years ([2 + 4 + 4] / 3 = 3.3) and your oldest account would be 4 years old.
On the other hand, if you were to buy one 8-year-old tradeline, this would bump up your average age of accounts to 5 years ([2 + 8] / 2 = 5) and your oldest account would be 8 years old.
In the second scenario, you end up with a higher age for both of these important credit history factors.
Current credit file After adding 2 4-year-old tradelines After adding 1 8-year-old tradeline
Average age of accounts 2 years 3 years 5 years
Age of oldest account 2 years 4 years 8 years
Extending the Age of Your Oldest Tradeline
The age of the oldest account in your credit file is a very important data point. If the goal is simply to extend the age of the oldest tradeline in the credit report, then of course only one tradeline is needed. The tradeline just needs to be older than the oldest account that is currently on file, but obviously, the more age the better, so we recommend going significantly older.
Very Thick File (15 or More Accounts)
A very thick file with a large number of accounts will “dilute” the power of any tradelines that are added. Since there are so many tradelines already in the file, it will be more difficult to affect the average age of accounts. Therefore, one premium tradeline with a lot of age and a high credit limit will be most likely to benefit a very thick file, rather than multiple less potent tradelines.
If a high credit limit is the goal, usually one tradeline is enough.
Focus on Credit Limit
Some consumers are less concerned with the age of the tradelines and more concerned with the credit limit for their specific circumstances. If a high credit limit is the main priority, it would usually make more sense to purchase one tradeline with a high credit limit rather than multiple tradelines that have lower credit limits.
The strategy on this topic may vary depending on what you are trying to accomplish and what your goals are, but in general, if you can accomplish the goal with one tradeline, that would probably be the better option.
Depending on what a person’s goals are, they may not need to get the maximum results possible. For smaller goals, one tradeline may be all they need. However, it is always best to try to overshoot the goal in order to have some extra insurance in making sure the goal is truly achieved.
No Credit File or an Extremely Thin Credit File
Adding just one tradeline to a very thin credit file can make a big difference.
As we mentioned, adding a few tradelines to a thin credit file is ideal because it increases the number of accounts in the file. On the other hand, someone with no credit history at all or an extremely thin file can still experience significant benefits from adding one tradeline, since they didn’t have much there to begin with.
As an example, adding one tradeline to a credit report that previously only had one account in it represents a 100% increase in the number of accounts in the file! This not only adds valuable age and payment history but also impacts the “credit mix” factor in credit scoring.
Key Takeaways on How Many Tradelines to Buy
To summarize when you should consider purchasing a single tradeline versus when you should consider investing in more than one tradeline.
When to Buy Two or More Tradelines When to Buy One High-Quality Tradeline
If you have a thin credit file (too few accounts) If you have budget constraints
If you need to balance out derogatory accounts When you want to increase the age of your oldest tradeline
When you want to maximize results If you already have a very thick file (15 or more accounts)
When you need a tradeline to post to a specific credit bureau If you want a high credit limit
If you need a tradeline for an important, time-sensitive event If you have modest goals
If you have no credit file or an extremely thin credit file