It is easy to see how, in the second example above, if this person did not do the math, they might purchase the wrong tradeline and be disappointed.
Let’s say they purchased a tradeline that is 18 years old with a $20,000 credit limit that cost $1,000. They might just assume that since it was an expensive tradeline with a lot of age and a high limit that it should “obviously” be super powerful and they should definitely see positive results.
However, in reality, the 18-year-old card would only increase the average age of accounts to 9.4 years, and it is very possible that increasing one’s average age of accounts from 8.5 years to 9.4 years may not have very much of an impact on their overall credit picture. Our research shows that there are specific age levels that need to be achieved in order to experience the maximum impact of tradelines.
As you can imagine, this person could easily be very disappointed in their results for the reason that they simply did not do the math and were not aware of how to choose the best tradeline for their credit file.
As another example, what if this person were to choose to purchase a tradeline that is 7 years old with a $30,000 limit? On the surface, that might look like a decent tradeline to buy, but it would actually decrease their average age of accounts and consequently, it could even hurt their credit score, even though that tradeline might have a $750-$1,000 price tag.
We illustrate this to show that not knowing how tradelines work can actually hurt your credit and be a complete waste of money. For this reason, we believe education is the best service we can offer. Make sure to understand the #1 secret on how to unlock the power of tradelines and read our list of common mistakes made when buying tradelines to become aware of other pitfalls to avoid