A primary tradeline is an account that shows on your credit report as your account, versus being an authorized user’s account. It’s important to have a good mix of accounts on your credit report, including primary tradelines AND authorized user tradelines.
Ideally, you want to have at LEAST 3 OPEN, POSITIVE accounts on your credit report, between primary tradelines and seasoned authorized user tradelines.
Primary tradelines go through a much more rigorous validation process than authorized user tradelines. There are several legitimate companies that exist for the sole purpose of reporting primary tradelines to your credit report.
Below are my favorite legitimate primary tradeline options that will help BOOST YOUR CREDIT SCORE and build a solid foundation for your credit report.
I recommend to try and get at least the TOP 4 LISTED BELOW ASAP.
1. Online Jewelry Club
- This is an oldie, but a goodie. Join their jewelry club, purchase about $100 or so worth of jewelry and they will report a $5,000 primary tradeline on your credit report. Ensure you make the payments because they are reporting that also.
2. Credit Card Builder
- This is a secured credit card in your name used for the sole purpose of helping you build your credit score.
- No minimum credit score required so there is 100% hope for you!
- The credit limit is low, but you have to start somewhere in order to establish and build your credit back up.
3. Self Lender
- This one is way different from the others, but still a great choice especially for account diversification.
No minimum credit score required so there is 100% hope for you! - This is a CD (certificate of deposit) that reports to ALL THREE CREDIT BUREAUS, and you get the money back after it matures in one year.
- There is a small origination fee (around $9 – $12) then small monthly payments after that based on how much you want the CD to report as.
- Each payment is reported to the 3 credit bureaus (don’t screw this up!). At the end of the term, you’ve paid off the loan and you can get the money back + interest – hence saving money while boosting your credit.
- NEW AND PAID TRADELINE ALERT = BIG CREDIT SCORE INCREASE. Get started HERE.
4. Rent Reporters
- They are currently reporting to Transunion AND Equifax; they will also report your rent as a tradeline to your credit report.
- They can backdate your rental history for up to 24 months.
- Use this code during signup to get $10 off! ll-rixcd
- They will verify all information, including ownership of the property to ensure you have a good track record with your landlord first.
5. Hutton Chase
- This is a secured credit line in your name for $1,500 that can be used only at their website.
- Product purchase of $180 is required however only a $30 activation fee is due at time of purchase [Note at time of this writing, this was the price.]
6. Wells Fargo Secured Credit Card
- This is another great option for building, and rebuilding credit.
- If you have ever defaulted or had a late payment with this bank, do NOT select this option as they will run your credit and likely deny you.
7. Experian Boost
Experian will report *utility bills* to your Experian credit report, in exchange for your bank account information (that is where they will verify your payment history each month). This is free! You can only “self report” to Experian though. How do you feel about providing your bank information in exchange to report your phone/electric bills?
If you already have an Experian account then you can access “Experian Boost” in from within your Experian portal.
***Call us NOW at (888) 810-2897 or visit mckenzieadams.net to learn how to Protect and Improve your credit RIGHT AWAY***