Author Topic: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig  (Read 216229 times)

katsiki

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #1650 on: September 15, 2017, 07:16:45 PM »
9.  At this time we are taking a break from selling USAA, Chase, or Elan.  We are taking a break from selling these cards because we strongly believe that these banks are conducting internal audits relating to authorized user accounts.  We feel the risk is too high for card closures.   This will change in the future when we know the risk has decreased. We will keep you posted.
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arebelspy

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #1651 on: September 15, 2017, 07:21:39 PM »
This industry is in constant flux. It's good they stay on top of things like this.
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pateld

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #1652 on: September 15, 2017, 07:56:04 PM »
Has anyone else had their D card shutdown??

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #1653 on: September 16, 2017, 06:40:23 AM »
Yep.
Just had my discover card credit line terminated under normal account review procedures. It has no reason listed. It just says "our credit decision was based in whole on the information found on your account."

This was the first card I had authorized users put on a few months ago. Seems they are doing an audit. Oh well, there goes one of my oldest accounts. Good thing I have others.

I received the same notice on my Discover card. Oh well.

frozen

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #1654 on: September 16, 2017, 12:42:01 PM »
Has anyone else had their D card shutdown??
Still going strong with D since early 2015.

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #1655 on: September 16, 2017, 06:05:31 PM »
I just added three AU's on my D card with the old company.  I was a little nervous with the recent rumors, but all good so far.
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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #1656 on: September 21, 2017, 08:00:19 PM »
Noticed something odd about the new company last night. Still haven't been paid for July, but when I view my card, I see 2 new names on the monthly timeline. However I received no alert to add them, and I do not have adding them as a task. No information to add them even if I wanted too. Very odd. I emailed them but have not got a reply. Really odd

Update: I did get paid, but I logged back in and the new names for me to add were mysteriously not there. My email to the new company was never returned.  I maintain that it was odd.

secondcor521

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #1657 on: September 21, 2017, 08:31:37 PM »
Noticed something odd about the new company last night. Still haven't been paid for July, but when I view my card, I see 2 new names on the monthly timeline. However I received no alert to add them, and I do not have adding them as a task. No information to add them even if I wanted too. Very odd. I emailed them but have not got a reply. Really odd

Update: I did get paid, but I logged back in and the new names for me to add were mysteriously not there. My email to the new company was never returned.  I maintain that it was odd.

I think the process is that the new company sells spots on your card to people first and then goes through the process of verifying the AU - they need to be able to pay the new company and provide proof of identity (SSN at least) and pass the identity verification that shows they're not crooks.  Probably some - like the ones on your cards - fail that process and the sale is dropped at that point.
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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #1658 on: September 21, 2017, 11:52:52 PM »
I've also had people fall off in this type of situation. From what customer service indicated, they proposed these cards to potential consumers who opted not to purchase my specific tradelines.

Noticed something odd about the new company last night. Still haven't been paid for July, but when I view my card, I see 2 new names on the monthly timeline. However I received no alert to add them, and I do not have adding them as a task. No information to add them even if I wanted too. Very odd. I emailed them but have not got a reply. Really odd

Update: I did get paid, but I logged back in and the new names for me to add were mysteriously not there. My email to the new company was never returned.  I maintain that it was odd.

I think the process is that the new company sells spots on your card to people first and then goes through the process of verifying the AU - they need to be able to pay the new company and provide proof of identity (SSN at least) and pass the identity verification that shows they're not crooks.  Probably some - like the ones on your cards - fail that process and the sale is dropped at that point.

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #1659 on: September 22, 2017, 08:42:26 AM »
Noticed some serious activity on my card today (7yo, $23k). I have two AUs scheduled for October, and one for December. Stoked.

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #1660 on: September 25, 2017, 05:39:18 PM »
Added an AU to my USBank card today.  The hold time was 45 minutes, and the rep said that they had a bunch of people adding authorized users today.  Interesting.
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frozen

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #1661 on: September 25, 2017, 08:00:40 PM »
Added an AU to my USBank card today.  The hold time was 45 minutes, and the rep said that they had a bunch of people adding authorized users today.  Interesting.
I waited 30 mins tonight on hold just to ask US B a question. I refuse to use them for adding authorized users. Hold times are far too long plus they don’t report to the credit bureaus until the 1st of the month.
« Last Edit: September 25, 2017, 08:02:16 PM by frozen »

TomTX

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #1662 on: September 26, 2017, 05:44:05 AM »
Added an AU to my USBank card today.  The hold time was 45 minutes, and the rep said that they had a bunch of people adding authorized users today.  Interesting.
I waited 30 mins tonight on hold just to ask US B a question. I refuse to use them for adding authorized users. Hold times are far too long plus they don’t report to the credit bureaus until the 1st of the month.

I had an immediate pickup from the representative early this morning... Quick and easy.
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secondcor521

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #1663 on: September 26, 2017, 10:32:31 AM »
Added an AU to my USBank card today.  The hold time was 45 minutes, and the rep said that they had a bunch of people adding authorized users today.  Interesting.
I waited 30 mins tonight on hold just to ask US B a question. I refuse to use them for adding authorized users. Hold times are far too long plus they don’t report to the credit bureaus until the 1st of the month.

I had an immediate pickup from the representative early this morning... Quick and easy.

Yup, usually USBank is fast on the phones.  Yesterday was an anomaly for me.  What was interesting was not the long hold times but the fact that the rep said a lot of people were adding AU's yesterday.
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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #1664 on: September 27, 2017, 02:20:29 PM »
USAA has been conducting an internal audit for what seems like forever. Sucks! It was my golden buzzer card.

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #1665 on: September 29, 2017, 05:56:37 PM »
Signed up for the first time last month, but haven't heard anything since. I guess it might be normal to have lulls, right?

Car Jack

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #1666 on: September 29, 2017, 06:17:52 PM »
Signed up for the first time last month, but haven't heard anything since. I guess it might be normal to have lulls, right?

Yup.

I went 3 months with nothing, 3 months with 1 AU, a dead month, then 1 AU.  Shrug, no complaints for free money.

TomTX

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #1667 on: September 29, 2017, 07:24:03 PM »
Signed up for the first time last month, but haven't heard anything since. I guess it might be normal to have lulls, right?

Took 8 months to get my first sale, 3 cards listed.

I do appear to be an outlier.
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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #1668 on: October 05, 2017, 11:44:53 AM »
Posting to follow.  Can't believe I missed this gravy train for so long.   I only have 2 eligible cards out of all my cards, and my wife has none.  Hopefully we can still make some free money.

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #1669 on: October 06, 2017, 08:45:18 AM »
Hello. has anyone been paid for August adds yet?  I have not heard anything nor seen a deposit.  Thanks!

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #1670 on: October 06, 2017, 08:09:11 PM »
I tried to add an AU for citicard over the phone as instructed. I asked the operator to send the card to my address but also add the AU's address so that they have it on file. The operator said that if she adds AU's address she'll have to send the card to him, not to me, otherwise she can't add his address, so I agreed not to add his address, just name, dob and social. Is that a problem? When I added other AUs to the same card before I was able to add a different address and still have the card sent to mine.

arebelspy

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #1671 on: October 06, 2017, 08:17:48 PM »
I tried to add an AU for citicard over the phone as instructed. I asked the operator to send the card to my address but also add the AU's address so that they have it on file. The operator said that if she adds AU's address she'll have to send the card to him, not to me, otherwise she can't add his address, so I agreed not to add his address, just name, dob and social. Is that a problem? When I added other AUs to the same card before I was able to add a different address and still have the card sent to mine.

The customer service person was wrong. I've had them tell me that before, and I had them go check their documentation to make sure, and they came back and told me that, in fact, it could ONLY go to my address, and they had been mistaken.
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secondcor521

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #1672 on: October 06, 2017, 10:43:11 PM »
I tried to add an AU for citicard over the phone as instructed. I asked the operator to send the card to my address but also add the AU's address so that they have it on file. The operator said that if she adds AU's address she'll have to send the card to him, not to me, otherwise she can't add his address, so I agreed not to add his address, just name, dob and social. Is that a problem? When I added other AUs to the same card before I was able to add a different address and still have the card sent to mine.

The customer service person was wrong. I've had them tell me that before, and I had them go check their documentation to make sure, and they came back and told me that, in fact, it could ONLY go to my address, and they had been mistaken.

Adding an AU using your address has worked for me in the past just fine.  They were added and I was paid.

The one potential thing to consider for those who are extremely cautious is that your (presumably home) address will be retrievable on the AU's credit report.  You may or may not be concerned that the AU knows where you live.
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arebelspy

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #1673 on: October 06, 2017, 11:02:57 PM »
Adding an AU using your address has worked for me in the past just fine.  They were added and I was paid.

The one potential thing to consider for those who are extremely cautious is that your (presumably home) address will be retrievable on the AU's credit report.  You may or may not be concerned that the AU knows where you live.

Definitely, it may not be necessary. As long as there's enough information for them to connect it to the AU (name/social/DOB is usually enough), it should be fine without.

When I'm doing an add online for a CC company that doesn't ask for a social, but does ask for an address, I put in their address to have the extra data point (besides name/dob) to make sure it hits their report.

If you do an add online without a SSN though, and put in your address, and there's more than one person with that name/DOB, it may not post on their report correctly. In that case I'd definitely be using their address or calling in and adding the SSN (something you're supposed to do anyways if it doesn't ask for the SSN).
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secondcor521

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #1674 on: October 06, 2017, 11:12:41 PM »
Adding an AU using your address has worked for me in the past just fine.  They were added and I was paid.

The one potential thing to consider for those who are extremely cautious is that your (presumably home) address will be retrievable on the AU's credit report.  You may or may not be concerned that the AU knows where you live.

Definitely, it may not be necessary. As long as there's enough information for them to connect it to the AU (name/social/DOB is usually enough), it should be fine without.

When I'm doing an add online for a CC company that doesn't ask for a social, but does ask for an address, I put in their address to have the extra data point (besides name/dob) to make sure it hits their report.

If you do an add online without a SSN though, and put in your address, and there's more than one person with that name/DOB, it may not post on their report correctly. In that case I'd definitely be using their address or calling in and adding the SSN (something you're supposed to do anyways if it doesn't ask for the SSN).

Good points.  I always make sure to add name/DOB/SSN trio of data points and should have mentioned that as context for my statement that AU address wasn't necessary.  The way I suspect the credit bureaus work is that there has to be enough matching/overlapping data points for them to include an item (like a credit line or an address or an employer) in a credit report.  I'm sure it's fun for the bureaus to dial their algorithms so that data points that should match actually do, and data points that should not match actually don't.

Since my father and I share a first and last name and shared an address when I was growing up, his credit report and mine were intertwined for the longest time.  Since we're both responsible, it was more a point of curiosity than anything of concern.  It did help me out when I went to get credit because some of his lines were on my report instead of his.  So when I got my first credit card at age 22, I had an 18 year long credit history with "my" department store card.
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bmiles

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #1675 on: October 07, 2017, 12:48:29 AM »
Due to the recent data leak, I went and froze my credit with all 3 credit bureau as a precaution. Does anyone know if this affects my ability to continue to participate in Tradelines?

secondcor521

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #1676 on: October 07, 2017, 07:12:06 AM »
Due to the recent data leak, I went and froze my credit with all 3 credit bureau as a precaution. Does anyone know if this affects my ability to continue to participate in Tradelines?

You will be able to add AUs to existing tradelines that qualify for sales while you have a freeze on your reports.

If you want to open new tradelines for future sales, you will obviously need to unfreeze your credit report during the application process.  You can then refreeze your reports after the applications are done.
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dakota5176

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #1677 on: October 07, 2017, 07:55:39 AM »
I've had some problems with my Discover Card.  A month ago I was sent a new card over fraud concerns by Discover.  Now my statement had two charges to Uber that weren't mine.  On the new Discover card I was sent I have a charge for Hulu that I did not make.  Anyone else have this experience?  Should I rest my Discover?  It's really the only one making me money.  Also wouldn't it already be too late if they were suspicious?

arebelspy

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #1678 on: October 07, 2017, 08:37:42 AM »
I've had some problems with my Discover Card.  A month ago I was sent a new card over fraud concerns by Discover.  Now my statement had two charges to Uber that weren't mine.  On the new Discover card I was sent I have a charge for Hulu that I did not make.  Anyone else have this experience?  Should I rest my Discover?  It's really the only one making me money.  Also wouldn't it already be too late if they were suspicious?

This has nothing to do with AUs, but is common credit card fraud. Likely they are just trying random numbers and hit on success with yours (unless your computer has a trojan/keylogger and you have used the number on there, or something like that--there is a few possibilities, none of which related to AUs).

Notify Discover that you didn't make those charges. Get it cancelled again and a new card (again).

(If the charges had somehow been made by an AU, they'd tell you when you said they were fraudulent--"This charge was made by your authorized user XYZ" type thing. I am confident this won't be the case.)

Discover is resting on the new company already (do you have yours with old?) because of audits (a few people earlier in the thread had their Discovers shut down a month or two ago). I'd probably rest it a bit for that reason, but not for the unauthorized charge thing.
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lmf

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #1679 on: October 10, 2017, 03:25:48 PM »
Hello. has anyone been paid for August adds yet?  I have not heard anything nor seen a deposit.  Thanks!

I'm still waiting for payment for an add from the end of July that posted in August.  I was expecting payment at the beginning of this month but it has yet to show up.  Should be soon I would expect.

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #1680 on: October 11, 2017, 07:59:05 AM »
Looks like Keith is using a different company:

https://wealthyaccountant.com/2017/10/11/tradelines-the-1000-an-hour-side-gig/

They are going to get bombarded. Lol.
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arebelspy

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #1681 on: October 11, 2017, 08:21:45 AM »
Looks like Keith is using a different company:

https://wealthyaccountant.com/2017/10/11/tradelines-the-1000-an-hour-side-gig/

They are going to get bombarded. Lol.

Oh jesus.

His readers are about to get *.

I'm familiar with that company. I've tested them out. I've had cards closed because I used them with that company. I've spoken on the phone with them many times. I've met with them in person.

Ultimately, I couldn't recommend them.

It shocks me that he says:
Quote
One Last Caution: There are plenty of companies brokering tradelines. I spent serious time reviewing multiple companies to verify I am with a “seasoned” firm. Tradeline Supply Company impressed me and I use them personally. There are other good tradeline companies, too. If you choose a different route, be sure to vet any tradeline company before committing. Make sure the company has been around for a few years and screens their clients adequately. What impresses me most about Tradeline Supply Company is the periodic notes from their specialists outlining issues with certain credit cards.

I don't know how he calls them "seasoned"--they're literally 6 months old, they started in April.

(Started trying to sell then, at least, but as of May, they still weren't incorporated or actually operating like a business.)

They were operating, last I knew, with no contracts between them and AUs. They don't vet the same way as the companies I recommend, and if there's an audit, you're *.

All I can guess is that because they talk a good talk, and Keith is such a nice guy he trusts them, it sounds like a good referral commission, so he went with them, not doing the full digging and due diligence I do with all the tradeline companies I look into.

I've looked into a LOT. There's a reason why I've been able to recommend two companies, out of probably 8 or so I've looked at in-depth, and another half dozen or so that immediately hit the "NOPE" flags (e.g. allow CPNs) and didn't even bother to dig further.

This company just straight up doesn't vet AUs correctly, or do things in a proper business manner. They're fly-by-night that just started recently, and if you go with them, your odds of getting your cards shut down is MUCH higher, and your odds of regulatory trouble is much higher.  There's a reason why the current company hired a person who works for Chase to advise on how to make sure to keep the banks happy on their requirements.  The job title of this guy was "Director of Compliance and High Priority Regulatory Matters" at JPMorgan Chase (he sent me a snippet of the guy's resume; quite impressive).

If this isn't done, and there is an audit for fraud, and the company CAN'T prove they are doing everything to verify the people's identities right, you could be at risk.

Keith will make a good amount, but at the expense of his readers.

I'm a big fan of tradelines, if done right. This company is an example of one I looked into, couldn't recommend, and got that sick feeling when I saw he did. Keith is such a good guy, I don't think he's realized what harm can come from using a bad company.
« Last Edit: October 11, 2017, 08:25:20 AM by arebelspy »
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katsiki

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #1682 on: October 11, 2017, 09:55:46 AM »
Yikes!!!  Thanks (again) ARS!
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arebelspy

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #1683 on: October 11, 2017, 10:29:25 AM »
In the comments he twice calls it a "larger company."  Knowing both the owners, I can confirm this is not remotely true, and I'm not sure why Keith thinks is is.


EDIT: Rest of the post redacted. Thanks for reaching out, Keith! :)
« Last Edit: October 11, 2017, 01:58:50 PM by arebelspy »
We are two former teachers who accumulated a bunch of real estate, retired at 29, and now travel the world full time with a kid.
If you want to know more about me, or how we did that, or see lots of pictures, this Business Insider profile tells our story pretty well.
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reuben

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #1684 on: October 11, 2017, 12:16:40 PM »
Double yikes!! Glad I checked this forum before proceeding. Thank you!

KeithTax

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #1685 on: October 11, 2017, 01:36:26 PM »
Looks like Keith is using a different company:

https://wealthyaccountant.com/2017/10/11/tradelines-the-1000-an-hour-side-gig/

They are going to get bombarded. Lol.

Oh jesus.

His readers are about to get *.

I'm familiar with that company. I've tested them out. I've had cards closed because I used them with that company. I've spoken on the phone with them many times. I've met with them in person.

Ultimately, I couldn't recommend them.

It shocks me that he says:
Quote
One Last Caution: There are plenty of companies brokering tradelines. I spent serious time reviewing multiple companies to verify I am with a “seasoned” firm. Tradeline Supply Company impressed me and I use them personally. There are other good tradeline companies, too. If you choose a different route, be sure to vet any tradeline company before committing. Make sure the company has been around for a few years and screens their clients adequately. What impresses me most about Tradeline Supply Company is the periodic notes from their specialists outlining issues with certain credit cards.

I don't know how he calls them "seasoned"--they're literally 6 months old, they started in April.

(Started trying to sell then, at least, but as of May, they still weren't incorporated or actually operating like a business.)

They were operating, last I knew, with no contracts between them and AUs. They don't vet the same way as the companies I recommend, and if there's an audit, you're *.

All I can guess is that because they talk a good talk, and Keith is such a nice guy he trusts them, it sounds like a good referral commission, so he went with them, not doing the full digging and due diligence I do with all the tradeline companies I look into.

I've looked into a LOT. There's a reason why I've been able to recommend two companies, out of probably 8 or so I've looked at in-depth, and another half dozen or so that immediately hit the "NOPE" flags (e.g. allow CPNs) and didn't even bother to dig further.

This company just straight up doesn't vet AUs correctly, or do things in a proper business manner. They're fly-by-night that just started recently, and if you go with them, your odds of getting your cards shut down is MUCH higher, and your odds of regulatory trouble is much higher.  There's a reason why the current company hired a person who works for Chase to advise on how to make sure to keep the banks happy on their requirements.  The job title of this guy was "Director of Compliance and High Priority Regulatory Matters" at JPMorgan Chase (he sent me a snippet of the guy's resume; quite impressive).

If this isn't done, and there is an audit for fraud, and the company CAN'T prove they are doing everything to verify the people's identities right, you could be at risk.

Keith will make a good amount, but at the expense of his readers.

I'm a big fan of tradelines, if done right. This company is an example of one I looked into, couldn't recommend, and got that sick feeling when I saw he did. Keith is such a good guy, I don't think he's realized what harm can come from using a bad company.

Joe, I take your opinion highly. From what I saw Tradeline Supply Co has been around a few years and were expanding. They also verify accounts et cetera. My biggest concern was the number of AUs they want to place on an account.

I pulled the contact info down so I have more time to review. I've been with TSC for several months now without issue. Several companies I spoke with were really bad. David seemed up and up and their process seems to work well for me at least. The questions you recommended asking here on this forum were what I asked David. Darren has talked with me too as well as sending updates on what restrictions apply to keep everything smooth.

Let me know when we can talk.

That said, you've been at this longer. I'm going to link my readers here so they can get a fuller story. I left a FB message. If we could plan a time to talk that would be great.

arebelspy

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #1686 on: October 11, 2017, 01:55:23 PM »
Quote
The questions you recommended asking here on this forum were what I asked David.

I'm surprised, based on what you posted about them. Either there was a miscommunication on some of the things, or they straight out lied to you.

Like this:
From what I saw Tradeline Supply Co has been around a few years and were expanding.

David's been selling just his own lines for maybe a year. They have been selling other people's lines since April (naturally they've been expanding... starting from zero any growth is expanding, but they're still much smaller than most tradeline companies).

What did they tell you for how long they'd been in business?

Quote
They also verify accounts et cetera.

What did they tell you about how they verify accounts? From what I know, they DON'T do the full verification the other companies do. They collect ID, don't store it securely, and that's it.

Quote
My biggest concern was the number of AUs they want to place on an account.

They just don't have the experience to know what will raise red flags with the companies, which leads to more card shutdowns.

My bottom line is that I'd rather have very few sales with a good company than a lot of sales with a bad one, given the nature of this industry.
We are two former teachers who accumulated a bunch of real estate, retired at 29, and now travel the world full time with a kid.
If you want to know more about me, or how we did that, or see lots of pictures, this Business Insider profile tells our story pretty well.
We (occasionally) blog at AdventuringAlong.com.
You can also read my forum "Journal."

DavidAnnArbor

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #1687 on: October 11, 2017, 02:08:00 PM »
I'm glad everyone is willing to communicate and express themselves about Tradeline Supply company.

solon

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #1688 on: October 11, 2017, 02:15:42 PM »

From what I saw Tradeline Supply Co has been around a few years and were expanding.

David's been selling just his own lines for maybe a year. They have been selling other people's lines since April (naturally they've been expanding... starting from zero any growth is expanding, but they're still much smaller than most tradeline companies).

Hmm... so you can sell your own tradelines directly to the public? hmmm...

I wonder what would happen if I put up a craigslist ad, took the first two responders and added them as AUs. I could charge the same price the tradeline companies are charging ($300-500 each). I could still sell the same number of slots, but make a lot more per slot. Plus, I would have the advantage of meeting the users in person, verifying their SSNs and DOBs myself.

arebelspy

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #1689 on: October 11, 2017, 02:27:38 PM »
Hmm... so you can sell your own tradelines directly to the public? hmmm...

I wonder what would happen if I put up a craigslist ad, took the first two responders and added them as AUs. I could charge the same price the tradeline companies are charging ($300-500 each). I could still sell the same number of slots, but make a lot more per slot. Plus, I would have the advantage of meeting the users in person, verifying their SSNs and DOBs myself.

Totally!  Cut out the middleman, make quite a bit more.

Like I said, this is how David got started, then he decided to start selling other people's lines too, because he was finding more AUs than he had cards. The problem is that he decided to turn it into a business but cut corners on all the crucial stuff that a cardholder needs to be protected.

One thing you'll want to do if you do sell them directly is make sure there is no fraud alerts on their credit. This is a big red flag, and if there is some fraud later by the AU (not on your card, but using the credit they were able to obtain), it's hard for you to claim you tried to avoid fraud without doing this check, or ignoring it. Not worth being potentially liable. That's why AU verification is the #1 most important thing in choosing a tradeline company.
We are two former teachers who accumulated a bunch of real estate, retired at 29, and now travel the world full time with a kid.
If you want to know more about me, or how we did that, or see lots of pictures, this Business Insider profile tells our story pretty well.
We (occasionally) blog at AdventuringAlong.com.
You can also read my forum "Journal."

solon

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #1690 on: October 11, 2017, 03:15:01 PM »
It looks like the only valid reasons to check someone's credit are employment, tenancy, and lending. Adding an AU to your tradeline doesn't seem to fit any of those reasons. Have you done this before, and how do you justify it?

And what are you looking for? Is there a specific warning such as "Fraud Alert!"? Do I need to look through all their existing tradelines? Do I need to keep a copy of the credit report? How long do I need to keep that?

tscpartner

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #1691 on: October 11, 2017, 03:33:26 PM »
This is David from Tradeline Supply Co.  I would love to be able to defend myself in an open forum.  If this is acceptable please let me answer questions and don't ban me.

DavidAnnArbor

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #1692 on: October 11, 2017, 03:36:19 PM »
I think the more communication that goes on the more we all learn.

solon

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #1693 on: October 11, 2017, 03:43:28 PM »
This is David from Tradeline Supply Co.  I would love to be able to defend myself in an open forum.  If this is acceptable please let me answer questions and don't ban me.

Welcome David! We're glad you're here! I hope you don't feel like you need to "defend" yourself though. Nobody here is really antagonistic, we're just a little confused. Please go ahead and address anything you feel like addressing in the last several posts.

arebelspy

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #1694 on: October 11, 2017, 04:06:22 PM »
Had a good chat with Keith on the phone.

It's nice that he's a stand-up guy, and since he's already FI, and can put his integrity first. Not that he wouldn't even if he wasn't FI, but when money is no longer a concern, it's not even tempting to pass on thousands of dollars if it's not the right thing to do. If another blogger was faced with the same dilemma, I know it would be difficult for them to say "my readers and my integrity come first, before referral dollars."

Not that this company isn't necessarily the right thing to do; Keith is going to contact them again, and I'm curious to see where it goes.

Like I said above, I vetted the company over several months, and ultimately couldn't recommend them. I made many recommendations to them about how they could do things right, but they didn't seem interested.

This is David from Tradeline Supply Co.  I would love to be able to defend myself in an open forum.  If this is acceptable please let me answer questions and don't ban me.

Like I told Keith, if practices have changed, there's no reason why I couldn't recommend your company. But it wasn't, and isn't, the case, as far as I know.

To be frank with you: I think you and Darren are very smart people; I also think you're cutting corners on the most important (and most expensive, and time consuming, not coincidentally) parts, things that don't add to the bottom line, but are crucial to the cardholders.

You have my email, and phone. I'm more than happy to discuss privately. You can post what you want here.  If your ultimate intent is to solicit users, that would fall under spam.

Here's the bottom line for me: if I wanted to make a lot of money, quickly, at the expense of MMM users, I'd have started sending you a bunch, months ago. Right now the current company is full, so I'm not earning any extra money from them. My commissions are tied to the cardholder getting sales, not signing up. If I send someone, and they get no sales, I make no money. Since we have more supply of cards than  demand (AUs) right now, I could increase the amount I make by sending people over to other companies. Be that David's company, or one of the many others.

There are plenty that offer referral commissions. I could easily recommend some of them. But at the end of the day, I'd rather make less money myself, recommend only the good companies, and have MMM users see only a few sales at good companies than a lot of sales at a bad company, and have much higher risk of card shutdowns and potential fraud issues. This community is more important to me than a few bucks.

If you, David, can change my mind on your company's practices, I'm totally open to that. But I'm not open to a company that I think is detrimental to their cardholders (and churning through them with bad practices because they have so many cards available to them) roping in MMM users.
We are two former teachers who accumulated a bunch of real estate, retired at 29, and now travel the world full time with a kid.
If you want to know more about me, or how we did that, or see lots of pictures, this Business Insider profile tells our story pretty well.
We (occasionally) blog at AdventuringAlong.com.
You can also read my forum "Journal."

NeonPegasus

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #1695 on: October 11, 2017, 06:03:58 PM »
PTF. Intrigued.

TomTX

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #1696 on: October 12, 2017, 07:54:39 PM »
This is David from Tradeline Supply Co.  I would love to be able to defend myself in an open forum.  If this is acceptable please let me answer questions and don't ban me.

Welcome David! We're glad you're here! I hope you don't feel like you need to "defend" yourself though. Nobody here is really antagonistic, we're just a little confused. Please go ahead and address anything you feel like addressing in the last several posts.

Agreed. Better to have things openly discussed (with the usual caveats)
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tscpartner

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #1697 on: October 13, 2017, 12:23:31 PM »
Hey Mustachinas, just wanted to drop in real quickly to give you an update.  Prior to the blog post we were already extremely busy with the normal business and after Keith's article was published we were completely overwhelmed with the response.  On top of that Darren (my partner) and I are both in an out of town wedding this weekend.  Monday, I'm sure we we will have a ton of catching up to do and we have a major meeting to hire our first employee and get everything that goes along with that in order.  I'm very much looking forward to talking with you guys further,please just understand we are completely slammed right now.

I believe we have at least responded to everyone at this point who has emailed us, but many of you may be waiting for a further response.  If so, just bear with us, we will get to everyone.

Optimiser

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #1698 on: October 13, 2017, 02:07:10 PM »
Can we start a separate thread for this other company to keep things simple and straightforward?

katsiki

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #1699 on: October 13, 2017, 02:26:13 PM »
Can we start a separate thread for this other company to keep things simple and straightforward?

+1
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