As Melnicoe noted, in direct response to market demands, Tradeline Supply Company, LLC has lowered the requirements for acceptance into their credit partner program by allowing the enrollment of new tradelines with as little as two years of history or limits as low as $2,000.
“We have seen increased demand for lower priced tradelines and will be accepting new credit partners’ inventory that we would have previously rejected,” Melnicoe said.
“However, we do not want our inventory to become inundated with a lower quality product, so this will likely be a temporary period of time where we accept this category of tradeline.”
The timing for this announcement could not be better; the COVID-19 global pandemic has been a challenging time for many people who have lost their jobs, been furloughed and/or have had their hours cut. As a result, more people than ever are looking for opportunities to make extra income by utilizing their good credit.
The concept of selling tradelines has also been getting a lot of attention in the news lately from a number of bloggers and YouTubers. For example, as an article in Side Hustle Nation noted, tradeline selling is the act of adding a stranger as an authorized user on a credit card. The process of “credit piggybacking” can be an effective way to profit from unused credit, the article explained.
As a blog on Wealthy Accountant noted, people who earn money through this process will know who has been added to their accounts, but the person using the service will not know the credit card holder’s personal details.
And as YouTuber Nick Loper explained in a 15-minute video on the subject, selling tradelines is a “fascinating” way to make extra money-for those who have good credit. During the video, Loper interviewed someone who tried this approach to making extra money and was pleasantly surprised at how effective it is.
“Tradeline Supply Company, LLC was one of the first companies to make it possible for consumers to be able to purchase tradelines 100 percent online with an easy automated checkout process,” Melnicoe said, adding that thanks to the recently expanded credit partner program, he and his team are looking forward to helping more people than ever to make money during these challenging times.
“By leveraging technology and creating efficient systems of process, the consumers benefit by now having access to tradelines at lower prices and a more transparent buying experience.”
About Tradeline Supply Company, LLC:
Tradeline Supply Company, LLC is an innovative web-based platform that was designed to make the process of buying and selling tradelines easy. Tradeline Supply Company, LLC is not a credit repair company, does not offer credit advice, and does not help consumers increase their credit scores. However, the company has succeeded in becoming a leader in the tradeline industry by offering some of the best tradelines at some of the most affordable prices, while making the process of purchasing tradelines easy. For more information, please visit https://tradelinesupply.com/.