Author Topic: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig  (Read 1003161 times)

Michael in ABQ

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #3700 on: December 02, 2019, 10:14:57 PM »
I just got setup with the old company on a newer card. They sent me the paperwork last month but I was in the middle of moving and didn't get to it until this weekend. I've got my first card ready to go so excited to see if I can sell a slot by the end of the month. If my statement close date is the 27th that means I'll probably get requests to add towards the end of the month?

Cornel_Westside

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #3701 on: December 02, 2019, 10:30:10 PM »
What do you guys say if a customer service rep asks why you are adding someone as an authorized user?
« Last Edit: December 02, 2019, 11:22:57 PM by Cornel_Westside »

secondcor521

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #3702 on: December 03, 2019, 12:12:15 AM »
I just got setup with the old company on a newer card. They sent me the paperwork last month but I was in the middle of moving and didn't get to it until this weekend. I've got my first card ready to go so excited to see if I can sell a slot by the end of the month. If my statement close date is the 27th that means I'll probably get requests to add towards the end of the month?

Generally, yes, you'll get your add requests in the week prior to your statement close date.  However, many people have reported not getting their first sale right away.  It can take months or longer.

What do you guys say if a customer service rep asks why you are adding someone as an authorized user?

They have never asked me, and I doubt they ever will.  If they did, I would say because I want to.

BikeFanatic

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #3703 on: December 03, 2019, 03:21:25 AM »
They may ask your relationship with the user. My wife says colleague, I say friend.  You should have a planned story like you have a side hustle where your friends may need to make a few purchases. I have been grilled by fraud department and they really have never pushed me that far. Mostly they just ask me to confirm my identity. Trade lines are legal, and the credit companies put up with it if you donít go overboard mostly IMHO.

Kem

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #3704 on: December 03, 2019, 06:10:50 AM »
What do you guys say if a customer service rep asks why you are adding someone as an authorized user?

They are individuals who helped me earn some side money and who may have need to access to my credit card for future purchasing requirements - and if so I will deliver the cards to them directly.

secondcor521

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #3705 on: December 03, 2019, 10:56:01 AM »
There are two occasions where you might think you'll be asked about the situation with your AU.

The first is when you call (or go online) to add the AU.  The bank will ask your relationship to the AU.  I understand this is because of "Know your customer" laws that were passed in the wake of 9/11.  The person who's asking doesn't care, they just need to choose something from the drop down list on their screen.  I've never had anyone ask further beyond that when adding the AUs.

The second time is if the AU for some reason trips their fraud detector.  In this case your card might get shut down temporarily, and you'll get a message or a letter in the mail to call a special number to discuss the situation.  This is not common, but it does happen, and probably will happen to all of us eventually.  Sometimes the fraud person you talk to will ask perfunctory questions, sometimes they will grill you.  One time I was cajoled (USAA).  You can decide how you want to handle it, and may decide to handle it differently depending on how the fraud person behaves.

Depending on how the fraud situation turns out, you can have your card permanently canceled.  With Chase you can have all your Chase accounts closed, not just the CC.

frugalnacho

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #3706 on: December 03, 2019, 12:03:55 PM »
What do you guys say if a customer service rep asks why you are adding someone as an authorized user?

They've never asked me, but I would say it's none of their business a private matter and I'm allowed to add anyone I want.  If they press further or ask the relationship I would simply say it's a business associate and leave it at that.  If they pressed any further than that I would tell them I'm not comfortable discussing the details of my relationship with them. 

But they've never asked, and I can't imagine they even care.

chuckster

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #3707 on: December 03, 2019, 02:09:39 PM »
What do you guys say if a customer service rep asks why you are adding someone as an authorized user?

"He works for a contractor that's doing some work on my house. If he needs to get supplies from Home Depot, I want my rewards points!"

I don't know if they ever save that answer in a file, but, I reason it's a good excuse for not being able to track down his drivers license six months later if they ever follow up, LOL!

Car Jack

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #3708 on: December 05, 2019, 11:48:14 AM »
I have a new business and hire people around the country.  Many don't work out.

The above is all made up, of course.  If they actually look, they'll see that none of the AUs have ever even activated their card.  I receive them and they go right into the shredder at work, then the shreddings get put into a paper shopping bag and used to start my wood furnace at home.

Kem

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #3709 on: December 05, 2019, 12:51:48 PM »
OH - I have been activating each card and then making a small purchase on the activated card! 

Is this NOT required then?

arebelspy

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #3710 on: December 05, 2019, 01:59:41 PM »
OH - I have been activating each card and then making a small purchase on the activated card! 

Is this NOT required then?

I never have. For years I didn't even get them, as I used a virtual mailbox while traveling, and they rejected mail not addressed to me, so it was sent straight back to the card issuer. :P
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secondcor521

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #3711 on: December 05, 2019, 02:31:52 PM »
OH - I have been activating each card and then making a small purchase on the activated card! 

Is this NOT required then?

It's recommended by one of the TL companies.  Personally I get them, activate them, file them, then shred them when I remove the AU.  Practice varies, as you can see.

Kem

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #3712 on: December 05, 2019, 03:02:05 PM »
Ah, thanks folks.

I am with the new company on these cards & appreciate the input.

chuckster

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #3713 on: December 05, 2019, 03:51:06 PM »
OH - I have been activating each card and then making a small purchase on the activated card! 

Is this NOT required then?

I think it's considered good practice to have a charge on the account, but, it doesn't have to be with that card. But I think you do want to have some balance reported, even if the charge is coming from the primary cardholder's account. Depending on the bank issuer, that may "trigger" reporting the AU's information to the credit bureaus. I guess it's possible that some banks might not bother sending out an update to the bureaus on a $0 balance.

arebelspy

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #3714 on: December 05, 2019, 04:03:49 PM »
Oh yes, good clarification. I always do a small charge using my card.
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Kem

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #3715 on: December 05, 2019, 04:08:42 PM »
Another thought...
I make the small charge, but I also always pay off the balance in full every 2 weeks.  Is this kosher, or should I allow the balance to float a month?

arebelspy

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #3716 on: December 05, 2019, 04:09:50 PM »
You need to have the statement "close" with a balance. Then you pay it off.

You won't ever pay interest, as you'll pay it off before the due date (but after the statement close date).
We are two former teachers who accumulated a bunch of real estate, retired at 29, spent some time traveling the world full time and are now settled with three kids.
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solon

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #3717 on: December 05, 2019, 04:11:43 PM »
Another thought...
I make the small charge, but I also always pay off the balance in full every 2 weeks.  Is this kosher, or should I allow the balance to float a month?

You need to pay the balance off after the billing cycle closing date, but before the payment due date. This insures the balance gets reported to the credit reporting agencies, but you won't have to pay any interest.

Kem

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #3718 on: December 05, 2019, 04:18:05 PM »
Thank you both!

Tryingtogetby50

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #3719 on: December 05, 2019, 07:51:28 PM »
Hey all! For anyone adding AUís to USSA accounts, have any of your accounts been closed?

secondcor521

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #3720 on: December 05, 2019, 08:05:35 PM »
Hey all! For anyone adding AUís to USSA accounts, have any of your accounts been closed?

No, but they spoke with me once after I had added a number of AUs and guilted me into stopping on that card.

USAA seems to trigger on having 3 AUs on at any given time.  Also, one of the companies has advice about deleting the AU's customer profiles as you go along.  I never bothered doing this, and suspect it was part of what led to my lecture from them.  I still have like 13 acquaintances associated with my profile, which is obviously a lot from their perspective.

So if I were to give advice, it would be to never do more than 2 at a time at USAA, and delete/disassociate their profiles as you go along, as the TL companies recommend.

MasterStache

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #3721 on: December 06, 2019, 06:48:47 AM »
Hey all! For anyone adding AUís to USSA accounts, have any of your accounts been closed?

No, but they spoke with me once after I had added a number of AUs and guilted me into stopping on that card.

USAA seems to trigger on having 3 AUs on at any given time.  Also, one of the companies has advice about deleting the AU's customer profiles as you go along.  I never bothered doing this, and suspect it was part of what led to my lecture from them.  I still have like 13 acquaintances associated with my profile, which is obviously a lot from their perspective.

So if I were to give advice, it would be to never do more than 2 at a time at USAA, and delete/disassociate their profiles as you go along, as the TL companies recommend.

I'll piggyback onto this. I still use my USAA card for tradelines and sell 5-6 slots per year. Never have ore than 2 AU's on the card at any one time. It's a PITA adding AU's, especially when you get an incompetent CSR. However, it's by far my biggest money maker since I have had the card for almost 18 years.

Car Jack

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #3722 on: December 06, 2019, 07:44:22 AM »
Barclays has a box that I uncheck that says "send a card".  Then I'm able to put in both the ss# and the address of the AU and don't have to worry that a card will be sent to them.  It won't be, but that avoids a worry.

Kem

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #3723 on: December 06, 2019, 04:03:55 PM »
just received a voicemail with something akin to:

Hello, this is agent 'bob smith' with westlake location services attempting to contact 'tradeline named individual'
It is critical that 'tradeline named individual' returns this call or we will move ahead with proceedings as referenced in the certified mail shown as delivered on data 'x'
We may be reached 24 hours at phone number xxx

Thoughts folks?  I added this tradeline individual on 8/19

secondcor521

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #3724 on: December 06, 2019, 04:09:55 PM »
just received a voicemail with something akin to:

Hello, this is agent 'bob smith' with westlake location services attempting to contact 'tradeline named individual'
It is critical that 'tradeline named individual' returns this call or we will move ahead with proceedings as referenced in the certified mail shown as delivered on data 'x'
We may be reached 24 hours at phone number xxx

Thoughts folks?  I added this tradeline individual on 8/19

Does anyone read what the tradeline companies' documents say?

First, they shouldn't have your phone number associated with the AU, so you did something wrong there.  Second, you're supposed to report any attempted contact by an AU to the TL company.  They'll take care of it.  Third, don't call the "xxx" phone number back.

Kem

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #3725 on: December 06, 2019, 04:12:15 PM »
1 - I've never given phone number out in this process
2 - Already did :)
3 - 100% agreed

MoseyingAlong

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #3726 on: December 06, 2019, 04:34:53 PM »

......
First, they shouldn't have your phone number associated with the AU, so you did something wrong there. 

This is not necessarily true, OP may have done everything correctly.
Your address will often (always?) show up on the AUs credit report. And it's not that difficult to associate a phone number with an address. Especially if it's a landline that's been at that address for years.

I agree, don't call back and let the AU company know.

secondcor521

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #3727 on: December 06, 2019, 04:38:33 PM »
1 - I've never given phone number out in this process
2 - Already did :)
3 - 100% agreed

Sounds good.  If I got a call I would be curious to figure out how they got my number.  The most likely thing is that you listed your phone number as the AU's number when you added them to your account.  Another likely thing is that you listed your address as the AU's address and your phone number is associated with your address somehow.  I've never done the former, but the latter has happened to me once.

(I'm saying "you" for convenient grammar, but I'm really speaking generally and not at you in particular.)

Kem

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #3728 on: December 06, 2019, 05:33:18 PM »
No offense taken - I appreciate the timely insights

edit:  per Tradeline company
Disregard the message(s).  It is a collection call on behalf of the AU.  If they call again you can tell them you have no affiliation with them and if they continue to contact you you will report them.
« Last Edit: December 07, 2019, 08:34:14 AM by Kem »

robartsd

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #3729 on: December 09, 2019, 08:41:53 AM »
just received a voicemail with something akin to:

Hello, this is agent 'bob smith' with westlake location services attempting to contact 'tradeline named individual'
It is critical that 'tradeline named individual' returns this call or we will move ahead with proceedings as referenced in the certified mail shown as delivered on data 'x'
We may be reached 24 hours at phone number xxx

Thoughts folks?  I added this tradeline individual on 8/19
Sounds like a collections agency call call. If they are persistent in calling you about a former AU, you can tell them that you are no longer in contact with the person. I've gotten collection calls for people I actually know, but usually they just leave off after one message. They're trying to use any avenue to contact the person, but they also don't want to waste their time. The only persistent collections calls I've gotten were for my late father. Those generally gave up after I explained that the estate was insolvent and very unlikely to pay anything to any creditor.

Kem

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #3730 on: December 09, 2019, 12:42:29 PM »
Thanks robartsd

dragoncar

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #3731 on: December 11, 2019, 07:37:50 PM »
Settlement was a check.
The terms bar me from sharing the amount, but I was very pleased with the what we received.
Yes, @PointsLawyer  represented me.
We began the process last October, and I signed the agreement last month.
I fully endorse @PointsLawyer
He was excellent throughout the process
Can also reccomend and vouch for PointsLawyer.
Worked with him on closed Discover card. Easy from my side of the equation

Yes I concur. I got a settlement too. I think I got the taxation figured out for it which PointsLawyer helped with.


I hate to give up money for work I could do myself, but at this point Iím obviously too lazy to file anything solo.  Did he me mention what the statute of limitations is on these claims?

dragoncar

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #3732 on: December 11, 2019, 07:40:45 PM »
Ditto. I've sold many lines on Discover in the last three years with no issues.

While there's a risk a card gets shut down at any time, I would still follow best practices to hope it lasts as long as possible.

I'd say go full out on Discover if you are going to use it.

So this seems like bad advice, to me. Valid based on the sample size of 1 for DC, but when you look at all the users selling lines on Discover (or any issuer, for that matter), versus the few that have been shut down, it seems worth it to limit the AUs, keep your head down, and cross your fingers. Tends to work out more often than not.

(Also if we all keep pretending this is a real thing, maybe we can get DC to try again and lose more cards! Good work, team.)

Fair, You probably have a better summary of the data.  I was going on a few anecdotes here that stuck out in my mind as not being heavy use, but if the data shows that higher use increases risk I agree my reasoning  wouldnít apply

DavidAnnArbor

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #3733 on: December 12, 2019, 08:42:38 PM »
Settlement was a check.
The terms bar me from sharing the amount, but I was very pleased with the what we received.
Yes, @PointsLawyer  represented me.
We began the process last October, and I signed the agreement last month.
I fully endorse @PointsLawyer
He was excellent throughout the process
Can also reccomend and vouch for PointsLawyer.
Worked with him on closed Discover card. Easy from my side of the equation

Yes I concur. I got a settlement too. I think I got the taxation figured out for it which PointsLawyer helped with.


I hate to give up money for work I could do myself, but at this point Iím obviously too lazy to file anything solo.  Did he me mention what the statute of limitations is on these claims?

I don't know, but you can private message PointsLawyer.
If you have better things to do with your time then have him handle it for you. He's a nice guy and is from Columbus Ohio.

jdnews0614

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #3734 on: December 16, 2019, 09:00:04 PM »
First post here...
I started selling tradelines with another non-MMM endorsed company (not the OLD or the NEW) company discussed here in February 2019. I got orders pretty much every month that I marketed, mostly every other month 1-2 users. I sold a 31k 14 year Citi, 30k 2 year Discover, and 15 year 10k Capital One. Made a pretty good amount. Started marketing with the NEW company in maybe April/May. I've had 2 orders total so far. One on Discover and one on Capital one. Payment on the Discover took about 4 months with multiple emails. Super frustrating. Capital one user is still added and no payment yet.

Got a call from the Capital One fraud department this week and my card is restricted. Asking for copies of the social security card and drivers license of ALL AUs I've ever added, which is 8 in total (including 6 from other company, 1 from NEW company, and my husband, who was added over a decade ago). Contacted other company and they were semi-helpful, I got most of the SS cards and DLs from 2 AUs added this month. Erica from NEW company basically said...in so many words...they are shutting down your card we're not helping you and no we don't get ID from our customers.

I'm...peeved. I thought that this new company would at least TRY to support us in case of an audit/restriction. Clearly they know capital one does this, so why not require the DL and SS card if you order a tradeline? Makes sense to me.

Anyway, right now my plan is to stall with capital one as long as possible, it's my oldest credit line and I'll be bummed if it closes. I'm uncertain if I should send all the documents I have in terms of DL and SS cards for AUs to capital one or just ignore them. Or just call them every 2 weeks and say I'm still working or getting the documents for the foreseeable future and hope they give up? I seem to remember reading here that people had restricted cards for like 6 months or more and when they called they got the restriction removed easily.

Has anyone here successfully gotten and capital one restriction removed and kept your card open? Or am I doomed regardless and I should just ignore CO until I get the cancellation notice?

ducky19

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #3735 on: December 17, 2019, 10:25:48 AM »
Had the exact same thing happen to my Capital One card a couple of years ago. They put a restriction on it and asked for all of that documentation, Erica said "they are closing your account, sorry but there's nothing we can do about it", etc. etc. I decided to just ignore Capital One's requests and they never did close my account - although it was restricted and I was unable to use it. A year or so later, I thought what the hell, let's see if we can get that removed. Called Capital One and after a five minute phone call, was told the account should have never been restricted and was offered an apology! They removed the restriction and I've been using the card periodically ever since.

erutio

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #3736 on: December 17, 2019, 11:51:27 AM »
First post here...
I started selling tradelines with another non-MMM endorsed company (not the OLD or the NEW) company discussed here in February 2019. I got orders pretty much every month that I marketed, mostly every other month 1-2 users. I sold a 31k 14 year Citi, 30k 2 year Discover, and 15 year 10k Capital One. Made a pretty good amount. Started marketing with the NEW company in maybe April/May. I've had 2 orders total so far. One on Discover and one on Capital one. Payment on the Discover took about 4 months with multiple emails. Super frustrating. Capital one user is still added and no payment yet.

Got a call from the Capital One fraud department this week and my card is restricted. Asking for copies of the social security card and drivers license of ALL AUs I've ever added, which is 8 in total (including 6 from other company, 1 from NEW company, and my husband, who was added over a decade ago). Contacted other company and they were semi-helpful, I got most of the SS cards and DLs from 2 AUs added this month. Erica from NEW company basically said...in so many words...they are shutting down your card we're not helping you and no we don't get ID from our customers.

I'm...peeved. I thought that this new company would at least TRY to support us in case of an audit/restriction. Clearly they know capital one does this, so why not require the DL and SS card if you order a tradeline? Makes sense to me.

Anyway, right now my plan is to stall with capital one as long as possible, it's my oldest credit line and I'll be bummed if it closes. I'm uncertain if I should send all the documents I have in terms of DL and SS cards for AUs to capital one or just ignore them. Or just call them every 2 weeks and say I'm still working or getting the documents for the foreseeable future and hope they give up? I seem to remember reading here that people had restricted cards for like 6 months or more and when they called they got the restriction removed easily.

Has anyone here successfully gotten and capital one restriction removed and kept your card open? Or am I doomed regardless and I should just ignore CO until I get the cancellation notice?

I had two capital one cards.  Both were restricted about 3 years ago.  I got the DLs and SS cards for all the AUs for one card, and CapOne removed the restriction. 

The other card was a low limit card and not getting high enough commissions or sales, so I didn't bother with getting the additional documents.  It remains "restricted", meaning it's still open, aging, and actively reporting to the credit bureaus, but I can't use it for purchases.  One day I plan to do what @ducky19, call and feign ignorance, hoping someone will be able to just un-restrict it.

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #3737 on: December 17, 2019, 12:57:13 PM »
My Rule #1 for every single card I use for tradelines:  Expect them all to be shut down.

If you can't live with that, don't use that card.  I just recently put one of my Chase cards back on the market.  I had pulled it because it was one of my older cards and I have several other Chase cards and I do know that if Chase shuts you down, all of the cards are getting shut down.  I realized I don't use any of their cards and my score is in the 825 range, so who cares (I don't) if they shut me down.

If I were ever to get a question from a card company asking for information on an AU, I'd either say "No" or tell them "Sure", then do nothing and wait for the closing to come.

chuckster

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #3738 on: December 17, 2019, 01:17:36 PM »
Yep, I have no problem burning a card. If it gets shut down, fine. Have to be OK with that.

The credit card company can "ask" for whatever they want. I don't have to give it to them. They don't have the time to chase after me.

Most banks I have several cards with. If I'm getting heat on one, I have no problem telling the CSR "yeah, sure, I'll get back to you", hanging up, then calling another CSR ten minutes later and asking to transfer my credit limit to another card I have with them. Take my 10K citi card A and move that to my 1k other citi card B. Then if the one getting heat gets shut down, I still have the credit limit on another card. Open a new card and move on.



jdnews0614

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #3739 on: December 17, 2019, 06:38:01 PM »
Had the exact same thing happen to my Capital One card a couple of years ago. They put a restriction on it and asked for all of that documentation, Erica said "they are closing your account, sorry but there's nothing we can do about it", etc. etc. I decided to just ignore Capital One's requests and they never did close my account - although it was restricted and I was unable to use it. A year or so later, I thought what the hell, let's see if we can get that removed. Called Capital One and after a five minute phone call, was told the account should have never been restricted and was offered an apology! They removed the restriction and I've been using the card periodically ever since.

Interesting. I can't decide if I should do the same as you and ignore them or go ahead and send the documents I do have and hope it's enough. I only for sure have 3 of 8 users with both DL and SS card. Not sure if sending some would be worse than sending nothing. Might get more, waiting on tradeline company. Although if I was an AU that purchased a tradeline and the company contacted me 6 months later asking for a copy of my drivers license I would think they were crazy. The tradeline company should definitely get them up front when they purchase the lines to protect cardholders.
« Last Edit: December 17, 2019, 06:43:28 PM by jdnews0614 »

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #3740 on: December 17, 2019, 06:50:39 PM »
The tradeline company should definitely get them up front when they purchase the lines to protect cardholders.

Maybe.  Since only a small percentage of added AU's have problems, getting documents upfront on 100% of the customers to address problems with the 5% (?) may not be very efficient.  Also, asking customers for that kind of stuff may result in lost sales.  Finally, keeping that kind of information is a security / id theft nightmare waiting to happen for the TL companies.

I'd like it if they did, but I can certainly understand if/why they don't.

bernardnb

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #3741 on: December 18, 2019, 08:41:34 AM »




Interesting. I can't decide if I should do the same as you and ignore them or go ahead and send the documents I do have and hope it's enough. I only for sure have 3 of 8 users with both DL and SS card. Not sure if sending some would be worse than sending nothing. Might get more, waiting on tradeline company. Although if I was an AU that purchased a tradeline and the company contacted me 6 months later asking for a copy of my drivers license I would think they were crazy. The tradeline company should definitely get them up front when they purchase the lines to protect cardholders.


You can try, but I doubt only providing some of them will work.

I also currently have a card that is "restricted" and has been for about 2 years.  They initially asked for DL and SS cards for all AU's ever added.  Working with the tradeline company I use (neither of the two recommended here) I was able to get 23 of the 25 properly cleared.  The problem with the remaining two were that the SS cards were not signed. The company was not able to reach back out and get signed versions.

After about a year of being restricted I tried calling Cap One back.  I said something like "I haven't used this card in a while and see it's restricted, anyway to get that lifted"?  They immediately referenced the documents needed on the two outstanding users.

Still worth a shot to try, but I wouldn't expect much.

jdnews0614

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #3742 on: December 18, 2019, 09:29:30 PM »

Maybe.  Since only a small percentage of added AU's have problems, getting documents upfront on 100% of the customers to address problems with the 5% (?) may not be very efficient.  Also, asking customers for that kind of stuff may result in lost sales.  Finally, keeping that kind of information is a security / id theft nightmare waiting to happen for the TL companies.

I'd like it if they did, but I can certainly understand if/why they don't.

I mean they clearly already have all that information. It being in image/picture form instead of in an excel spreadsheet hardly seems worse or less secure. I get an excel spreadsheet with my authorized users name, address, dob, ssn, mothers maiden name, the whole nine. And I think the numbers of people selling tradelines having problems with restrictions/shut-downs is MUCH higher than 5%. Most likely over 50%, maybe approaching 80%. I have absolutely no data for this, I just think if you do it enough it's just part of the game. I knew it was a risk when I started, I guess I just wasn't expecting it so early with so few adds. 7 users plus my husband for a 15 year card doesn't seem that "excessive" to me.


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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #3743 on: December 18, 2019, 10:00:18 PM »

Maybe.  Since only a small percentage of added AU's have problems, getting documents upfront on 100% of the customers to address problems with the 5% (?) may not be very efficient.  Also, asking customers for that kind of stuff may result in lost sales.  Finally, keeping that kind of information is a security / id theft nightmare waiting to happen for the TL companies.

I'd like it if they did, but I can certainly understand if/why they don't.

I mean they clearly already have all that information. It being in image/picture form instead of in an excel spreadsheet hardly seems worse or less secure. I get an excel spreadsheet with my authorized users name, address, dob, ssn, mothers maiden name, the whole nine. And I think the numbers of people selling tradelines having problems with restrictions/shut-downs is MUCH higher than 5%. Most likely over 50%, maybe approaching 80%. I have absolutely no data for this, I just think if you do it enough it's just part of the game. I knew it was a risk when I started, I guess I just wasn't expecting it so early with so few adds. 7 users plus my husband for a 15 year card doesn't seem that "excessive" to me.

I don't know if they have images or not.  I suspect practices might vary by TL company.  For those who have received images of SS cards or DLs, I think the TL company probably does get those at the time of sale.  It's also possible that a disorganized TL company might get copies some or most of the time but not all of the time.

My 5% is an estimate is based on my personal experience.  I like to believe there are things I do that keep my failure rate low, but I may be fooling myself.  Regardless, like you, I'm comfortable with the risk.

Messy as it might be, I personally am always interested in data points when issues do happen, so we can both (a) more accurately assess the risk(s), and (b) possibly modulate our behavior better.  My suspicions are:  (1) Risky AUs - ones from sketchy TL companies or ones that slip through somehow - are the biggest risk factor, (2) total number of AUs over the history of the card - I suspect CC companies run reports with thresholds and take closer looks at people with "high" numbers, and (3) number of AUs at a given time - I suspect CC companies have policies or systems in place to limit the number to what they consider reasonable.  I don't know which of those, or if another factor, happened to get you.  I also think the CC companies' CSRs vary considerably in their attitudes towards piggybacking, so some of it may just be luck of the draw.  Personally I don't begrudge the CC companies taking adverse action against piggybackers, but I certainly appreciate it when they don't.

DeniseNJ

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #3744 on: December 19, 2019, 10:38:21 AM »
Is there a reason that we don't or can't name companies here?  Can we hear from ppl who have used other companies and their experiences?  I've found two other companies online called Tradeline Supply Company and Boost My Score (not OLD or NEW that are referenced on this thread) and was wondering if anyone had any dealings with them. 

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #3745 on: December 19, 2019, 11:14:21 AM »
Is there a reason that we don't or can't name companies here?  Can we hear from ppl who have used other companies and their experiences?  I've found two other companies online called Tradeline Supply Company and Boost My Score (not OLD or NEW that are referenced on this thread) and was wondering if anyone had any dealings with them.

Google. Unless we make this thread private, adding in tradeline company names raises the search engine profile. For awhile it was private, but people wanted the discussion public so more people could chime in, so we decided not to use company names.

I'm happy to share information about those companies, but there's a reason why I can only recommend two in the many I've researched: how they verify AUs. It's just not worth it to me to use a company that doesn't verify AUs in a way that I think protects the cardholder.

Feel free to discuss other companies, but maybe use an acronym if possible? (Easy enough to Google tradeline companies)

TLS in particular has a lot of bad business practices. Try signing up with them and you'll immediately see them ask for your Credit Karma password. If that's not a terrible security practice, I don't know what is. Heard from someone recently about a bad experience with their owner after having cards shut down with them.

As always, feel free to PM me, happy to discuss why I recommend what I do. And plenty of people do use other TL companies as well, with varying results (sometimes good, sometimes not so much).
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FrugalZony

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #3746 on: December 20, 2019, 01:08:28 PM »
I got an add today without a SSN
mail says no SSN or BD needed
this is a first

I asked rep E. of new company about it and she said that's fine and they have a way to "force" the line posting

Anyone have any insight on this.
I am curious what additional measures they take to make the line post
didn't want to ask company though

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #3747 on: December 20, 2019, 03:07:25 PM »


I got an add today without a SSN
mail says no SSN or BD needed
this is a first

I asked rep E. of new company about it and she said that's fine and they have a way to "force" the line posting

Anyone have any insight on this.
I am curious what additional measures they take to make the line post
didn't want to ask company though

That's a weird one. I haven't had that.

Personally I would:
- Confirm with them that they verified the identity and that they are an American citizen (usually asked by the CC issuer)
- I'd request that you get paid regardless of if the AU post or not, if they're going to use a way that doesn't include SSN, and thus might have a higher chance of not posting.
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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #3748 on: December 20, 2019, 03:30:12 PM »
Denise NJ -- I had good experience with TLS they  did ask for my Credit Karma password though and I gave it, and changed my password afterwards.  they also sent 1099. I did get shut down on BOA but I added like 4 users. I dont use them anymore, they did give me alot of business though.

Another  good card is TD bank, They tolerate a lot of users without any trouble. i have 7-9 on mine.

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #3749 on: December 20, 2019, 05:01:52 PM »
Denise NJ -- I had good experience with TLS they  did ask for my Credit Karma password though and I gave it, and changed my password afterwards.
That's true. If you're not uncomfortable sharing all of the CK information with a company, there's not much risk in sharing a password and changing it once they gather the information they need. Even if you use the same password on other sites (definitely not recommended), you could change it to something unique temporarily to share with the company then change it back immediately after they've verified the information they wanted from CK.