Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig

[hoodedfalcon]

Well....Another data point for what it is worth. I have enrolled with good company, bad company, and third company. I don't get many sales with good company and stopped using bad company bc I was tired of the payment issues. Most of my sales over the last year or two have been with third company. Since using third company, I've had 2 BOA cards, 2 US Bank (+ Elan for fun bc they are connected with US Bank - even though I never added any AUs), and a Capital One card closed. I've made about $10K in that time period, so I am not super sad and knew it was a risk. But having this many cards closed is putting a damper on things. I am especially upset as my Elan card had a 35K CL and was almost seasoned.

I am thinking about starting up with bad company again... but I really wish good company sales were better. 

[tj]

I think there's enough data points here that the 3rd company is not worth the risk. Not sure why that one guy who claimed he was unaffiliated was so gung ho about them.

[bangbang]

Does good company have any restrictions about you selling with other companies, including multi-listing the same card with another company for more sales?

[bangbang]

I am wondering if anyone has any experience with a company that starts with G an ends with S.

I started with this company a few months ago because they have the highest payouts and are taking orders for Capital One, which old company paused.

My spider senses have been tingling since the beginning with this company. All 3 users I have added have Eastern European names, which seems unusual, not the standard down on their luck American-ish names. Googling the people with their information did not return results. I even used a background check service on the first two with no hits. The orders came in lightning fast, whereas with old company, I had absolutely no sales with this card at its current credit limit over a year.

When I questioned the company about their authenticity, I got a hostile response. The agent said she knew they were real people because she had their credit reports in her hands. She acknowledged the users were immigrants. The company paid out promptly though.

I think something fishy is going on, as I understand something called "synthetic identities" exists, but I don't know what. What would be happening here that is fishy?

you don't know what a fake id is? oh man. i got this guy overloaded with people on his cards recommending them to me, and here is another person using the same company who doesn't even know what a fake id is? sounds like i'm screwed or you guys are really bad at basic comprehension stuff. i've been churning cards a LONG time and the guys on the churnin thread her got my head spinning with all the technical details and the tradeline thread is struggling with basic comprehension or what?

i alsmost added like 15 cards with them, glad i added 2 until i can see for myself. good luck to everybody i have to wonder how much better the good company could possibly be now.

Considering you have the writing skills of a third grader, you might not want to insult the intelligence of random people who have done nothing to you.

[secondcor521]

Does good company have any restrictions about you selling with other companies, including multi-listing the same card with another company for more sales?

You can sell tradelines with other companies.

I don't know if double booking is officially prohibited, but I wouldn't personally risk it.  If you sell a slot with Good Company and can't add the AU too often, they reserve the right to disenroll you completely.

[ChipChingChang]

...i have a ton of cards to sell. the good company is not accepting customers and the bad company never pays

The bad company WILL pay. Not quickly, nor automatically, but eventually.  I have to email the guy repeatedly and some times get ARS to follow up with him, but I've always been paid.

If I were you I'd enroll everything with the bad company as they do a good job with screening their clients. They're only "bad" because they aren't automatic at paying.

well im considering doing exactly that but the whole point here is to make money. i dont wanna be chasing this guy around all day for money i want payments.

also i am looking at a bulk add of cards i've built up from churning so keeping track of a non-payer sounds like a big headache. anyway i'm still debating it. thank you

how many sales per year are you guys getting from the good company on 10, 15 and 20+ year old cards with 20K+ limits? with 40k+ limits?
same question for bad company? im 51 years old. i'm not trying to burn through the cards until they get closed but i'm not trying to make 2 sales a year per card if i can make 5 sales per year per card. from what i gather i should be able to make 4k a month at low risk. that's a quarter mil free money in 5 years if they don't all get shut down.

i do not want some shut down as i can put that credit to work for me in many ways when opportunities come up you know?

[ChipChingChang]

I am wondering if anyone has any experience with a company that starts with G an ends with S.

I started with this company a few months ago because they have the highest payouts and are taking orders for Capital One, which old company paused.

My spider senses have been tingling since the beginning with this company. All 3 users I have added have Eastern European names, which seems unusual, not the standard down on their luck American-ish names. Googling the people with their information did not return results. I even used a background check service on the first two with no hits. The orders came in lightning fast, whereas with old company, I had absolutely no sales with this card at its current credit limit over a year.

When I questioned the company about their authenticity, I got a hostile response. The agent said she knew they were real people because she had their credit reports in her hands. She acknowledged the users were immigrants. The company paid out promptly though.

I think something fishy is going on, as I understand something called "synthetic identities" exists, but I don't know what. What would be happening here that is fishy?

you don't know what a fake id is? oh man. i got this guy overloaded with people on his cards recommending them to me, and here is another person using the same company who doesn't even know what a fake id is? sounds like i'm screwed or you guys are really bad at basic comprehension stuff. i've been churning cards a LONG time and the guys on the churnin thread her got my head spinning with all the technical details and the tradeline thread is struggling with basic comprehension or what?

i alsmost added like 15 cards with them, glad i added 2 until i can see for myself. good luck to everybody i have to wonder how much better the good company could possibly be now.

Considering you have the writing skills of a third grader, you might not want to insult the intelligence of random people who have done nothing to you.

i didn't even finish second grade buddy so thanks but i still know what a fake ID is and i still know how to follow simple instructions. my hands are beat up from 35 years of construction so if you think im trying to impress someone with my writing skills youre wrong. my hands hurt man. its easy to just type.

you having as hard of a time reading my post as those guys have figuring out how to read or contemplating that something called synthetic identity exists? and now youre offended because of what i said to someone else right? oh lord. ok sorry bud and sorry other guys especially the guy who referred me i wont make any more jokes were all good.

[secondcor521]

how many sales per year are you guys getting from the good company on 10, 15 and 20+ year old cards with 20K+ limits? with 40k+ limits?
same question for bad company? im 51 years old. i'm not trying to burn through the cards until they get closed but i'm not trying to make 2 sales a year per card if i can make 5 sales per year per card. from what i gather i should be able to make 4k a month at low risk. that's a quarter mil free money in 5 years if they don't all get shut down.

i do not want some shut down as i can put that credit to work for me in many ways when opportunities come up you know?

I have a personal rule that I don't disclose income or assets publicly with any degree of definitiveness.

I work exclusively with the Good Company.  I've had 39 sales YTD across nine cards with CLs across the entire range you mention.  I try to follow 100% of Good Company's recommendations.  Probably 95% of my sales go like clockwork.  The other 5% have some sort of issue to deal with, from minor glitches up to a few account closures over several years.

Without knowing your CC portfolio, I'd guess that you have a 90% chance of making less than $10K a year from piggybacking.  That guesstimate is based on what I know I make, what percentile I think my CC portfolio is, and various comments people have made on this board over the years about what they make.

I suggest lowering your expectations on the income you can make, and increasing your expectations on the effort required and risk involved.  I think it's still good, it's just not as good as you're thinking it will be.

[Padonak]

well im considering doing exactly that but the whole point here is to make money. i dont wanna be chasing this guy around all day for money i want payments.

also i am looking at a bulk add of cards i've built up from churning so keeping track of a non-payer sounds like a big headache. anyway i'm still debating it. thank you

If you don't have a spreadsheet where you track all your orders and payments, perhaps it's time to create one. I didn't have it for the first few years i was selling TLs, just copied and pasted the details of each order to a note (except SSNs). I probably missed a few non-payments because i didn't have a spreadsheet. Now i reconcile all the orders and payments every few months, especially before i have to do taxes. I follow up on non-payments which are often just honest mistakes that get fixed after my follow-ups.

[Padonak]

Well....Another data point for what it is worth. I have enrolled with good company, bad company, and third company. I don't get many sales with good company and stopped using bad company bc I was tired of the payment issues. Most of my sales over the last year or two have been with third company. Since using third company, I've had 2 BOA cards, 2 US Bank (+ Elan for fun bc they are connected with US Bank - even though I never added any AUs), and a Capital One card closed. I've made about $10K in that time period, so I am not super sad and knew it was a risk. But having this many cards closed is putting a damper on things. I am especially upset as my Elan card had a 35K CL and was almost seasoned.

I am thinking about starting up with bad company again... but I really wish good company sales were better.

Question to those who had their cards closed by Elan for selling TLs (either USBank or other Elan cards). Did they also close all your cards? Even those cards you didn't use for TLs and those with other banks/issuers? For example, you used USBank cards for TLs but they also closed your Fidelity or another Elan card. It seems really weird if Elan as a card servicer closes all the cards they service on behalf of different banks at the same time. I don't even know if they can legally do it.

[tj]

Well....Another data point for what it is worth. I have enrolled with good company, bad company, and third company. I don't get many sales with good company and stopped using bad company bc I was tired of the payment issues. Most of my sales over the last year or two have been with third company. Since using third company, I've had 2 BOA cards, 2 US Bank (+ Elan for fun bc they are connected with US Bank - even though I never added any AUs), and a Capital One card closed. I've made about $10K in that time period, so I am not super sad and knew it was a risk. But having this many cards closed is putting a damper on things. I am especially upset as my Elan card had a 35K CL and was almost seasoned.

I am thinking about starting up with bad company again... but I really wish good company sales were better.

Question to those who had their cards closed by Elan for selling TLs (either USBank or other Elan cards). Did they also close all your cards? Even those cards you didn't use for TLs and those with other banks/issuers? For example, you used USBank cards for TLs but they also closed your Fidelity or another Elan card. It seems really weird if Elan as a card servicer closes all the cards they service on behalf of different banks at the same time. I don't even know if they can legally do it.

I don't see why it would be "illegal" for them to do that.  Elan Card Services - owned by US Bank,- handles everything about those cards and is taking all the financial risk and doing all the lending. Those cards have nothing to do with Fidelity besides the branding and redemptions. No different than Chase having the United Airlines card on behalf of United Airlines.

[secondcor521]

TLDR:  What have you done to successfully reset a card that wasn't reporting to credit bureaus for your AUs?

Anyone having trouble with Chase CCs not posting despite doing everything correctly?

And if you do everything correctly and a Chase CC didn't post twice in a row, what would you do?  Asking for a friend, who isn't particularly interested in calling Chase up and asking them to investigate why.

Quoting myself to follow up and repeat my request for help.

I've added two AUs to my large, old Chase CC.  Both did not post even though I did everything correctly.

I've removed all AUs from the Chase CC, then added my daughter and charged something to the account.  It showed up on my daughter's credit report, although the CL was $5K lower than what it actually is; weird I know.

I called Chase just now and they said that my daughter could call in and talk to a "credit bureau reporting investigation" department.  Chase won't talk to me about it because it's my daughter's private credit info.

I've thought about just asking Chase to give me a new card number to try to reset things and get it working again.

Any other advice or suggestions welcome, please and thank you.

[katsiki]

@secondcor521   I have no experience w/ Chase, but I would try a new card #.

[ChipChingChang]

how many sales per year are you guys getting from the good company on 10, 15 and 20+ year old cards with 20K+ limits? with 40k+ limits?
same question for bad company? im 51 years old. i'm not trying to burn through the cards until they get closed but i'm not trying to make 2 sales a year per card if i can make 5 sales per year per card. from what i gather i should be able to make 4k a month at low risk. that's a quarter mil free money in 5 years if they don't all get shut down.

i do not want some shut down as i can put that credit to work for me in many ways when opportunities come up you know?

I have a personal rule that I don't disclose income or assets publicly with any degree of definitiveness.

I work exclusively with the Good Company.  I've had 39 sales YTD across nine cards with CLs across the entire range you mention.  I try to follow 100% of Good Company's recommendations.  Probably 95% of my sales go like clockwork.  The other 5% have some sort of issue to deal with, from minor glitches up to a few account closures over several years.

Without knowing your CC portfolio, I'd guess that you have a 90% chance of making less than $10K a year from piggybacking.  That guesstimate is based on what I know I make, what percentile I think my CC portfolio is, and various comments people have made on this board over the years about what they make.

I suggest lowering your expectations on the income you can make, and increasing your expectations on the effort required and risk involved.  I think it's still good, it's just not as good as you're thinking it will be.

thank you sir for that info. over the last weekend i went over my cards completely and i got 61 in total including wifes. after using many different scenarios i decided i will sell 35 of them. i mean thats if i decide to do it.

but i chose the exact 35 i would use and even at 3 sales per year on each one i am still calculating at well over $30k per year. i'm not sure all of my cards will get 3 sales per year i believe pretty strongly they will because i've been studying and the cards seem to be in the upper 50% of average.

there are a few singular cards that if shut down mean i'd lose a few other cards with those banks also. to be real honest i don't even know if i want to manage 35 cards at this moment but if i do i definitely require a good company with a automated website and a good spreadsheet or notebook.

im selling 2 cards right now and i think i will wait until february to see what happens with that company and also to see if the "good" company is going to accept me by then. personally i have ruled out the bad company simply because i refuse to nag someone about payments. i will end up arguing with them because that's how i am. so that option is off the table completely

i got another guy here nagging me in private messaging to sell my cards with him but i'm not interested in his offer at this point whether he is legit or not.

[ChipChingChang]

well im considering doing exactly that but the whole point here is to make money. i dont wanna be chasing this guy around all day for money i want payments.

also i am looking at a bulk add of cards i've built up from churning so keeping track of a non-payer sounds like a big headache. anyway i'm still debating it. thank you

If you don't have a spreadsheet where you track all your orders and payments, perhaps it's time to create one. I didn't have it for the first few years i was selling TLs, just copied and pasted the details of each order to a note (except SSNs). I probably missed a few non-payments because i didn't have a spreadsheet. Now i reconcile all the orders and payments every few months, especially before i have to do taxes. I follow up on non-payments which are often just honest mistakes that get fixed after my follow-ups.

i agree there is no way ill manage everything correctly without a good notbook or spreadsheet. i have too many cards and it will be a mess. i want to know exactly where each card stands at any moment.

[FI Minimalist]

Well....Another data point for what it is worth. I have enrolled with good company, bad company, and third company. I don't get many sales with good company and stopped using bad company bc I was tired of the payment issues. Most of my sales over the last year or two have been with third company. Since using third company, I've had 2 BOA cards, 2 US Bank (+ Elan for fun bc they are connected with US Bank - even though I never added any AUs), and a Capital One card closed. I've made about $10K in that time period, so I am not super sad and knew it was a risk. But having this many cards closed is putting a damper on things. I am especially upset as my Elan card had a 35K CL and was almost seasoned.

I am thinking about starting up with bad company again... but I really wish good company sales were better.

Question to those who had their cards closed by Elan for selling TLs (either USBank or other Elan cards). Did they also close all your cards? Even those cards you didn't use for TLs and those with other banks/issuers? For example, you used USBank cards for TLs but they also closed your Fidelity or another Elan card. It seems really weird if Elan as a card servicer closes all the cards they service on behalf of different banks at the same time. I don't even know if they can legally do it.

Elan closed all my Elan cards AND my US Bank cards

[Reddart67]

Elan closed all my Elan cards AND my US Bank cards

Ouch.

[dantheman46]

Elan closed all my Elan cards AND my US Bank cards
[/quote]

How many cards did you have that you were selling TL's on and how many sales were you getting. I have a number of Elan cards so this is concerning.

[FireAnt]

The short version is they're super annoying about payments. It's not automated at all, and often you have to email multiple times to get paid.

I still keep some cards enrolled with them that the other company doesn't take, and deal with the hassle, but one company is definitely preferred. Their issue is they rarely open enrollment for new cards.

Feel free to PM me if that's too vague.

I would love to find another good company, but it's slim pickings. I did try a new one this year, and it was a clear pass after trying it (and talking to the owner and head programmer on a conference call) for a number of reasons.

Do you put an alert when the good/old company takes on new people? I've been with the new/bad company for a while and I am just so irritated about chasing after them for payments at this point. The breaking point was last week when they wanted me to add more users but they still owe me for someone that was added in May and removed in August. I told them I can't add anyone until I'm paid (without sending 15 reminder emails). They will probably won't use me anymore...

[arebelspy]

Yeah, if you get on the email list of the good company, they announce when they're looking to enroll more cards.

Alternatively, you can email them your cards (issuers, limits, dates, etc.) to see if they're interested; sometimes they'll enroll cards that are older or higher limit outside an open enrollment time.

[Zamboni]

I'll second that good company will sometimes take new cards at random times. They just took on another card of mine. This is especially if you have been a reliable source of lines posting for them over time and they are more interested obviously if they are old/high limit, as ARS said, because that gives their clients a better credit score bump.

That said, for some time good/old company is no longer using Amex cards due to their lower posting ratio. Does anyone have a RELIABLE Tradeline company that pays automatically and regularly without nagging that will take on the Amex cards? I have several with high limits. . . I will obviously do my own research, call them to talk on the phone, and do an experiment with one single card first before seeing how it goes, but I thought I'd ask here even if it has been asked fairly recently.

[tj]

I'll second that good company will sometimes take new cards at random times. They just took on another card of mine. This is especially if you have been a reliable source of lines posting for them over time and they are more interested obviously if they are old/high limit, as ARS said, because that gives their clients a better credit score bump.

That said, for some time good/old company is no longer using Amex cards due to their lower posting ratio. Does anyone have a RELIABLE Tradeline company that pays automatically and regularly without nagging that will take on the Amex cards? I have several with high limits. . . I will obviously do my own research, call them to talk on the phone, and do an experiment with one single card first before seeing how it goes, but I thought I'd ask here even if it has been asked fairly recently.

Nobody pays for Amex because Amex nerfed it.

In the old days, every new account you got from AmEx was backdated to an opening date of your first card.

[secondcor521]

Anyone know how long it takes after statement close for a card to show up on an AU's credit report?

I ask because I have a Chase card that has not posted on several AUs in a row, so I made it inactive while I try to fix it.  I added my son as an AU as a test, and the card closed on 11/23 with a balance.  Just wondering when my son should expect to see it on his credit report.

[katsiki]

Anyone know how long it takes after statement close for a card to show up on an AU's credit report?

I ask because I have a Chase card that has not posted on several AUs in a row, so I made it inactive while I try to fix it.  I added my son as an AU as a test, and the card closed on 11/23 with a balance.  Just wondering when my son should expect to see it on his credit report.

I don't know.  If you're not trying to avoid asking them, you might ask the nice lady at the good company.

[secondcor521]

Anyone know how long it takes after statement close for a card to show up on an AU's credit report?

I ask because I have a Chase card that has not posted on several AUs in a row, so I made it inactive while I try to fix it.  I added my son as an AU as a test, and the card closed on 11/23 with a balance.  Just wondering when my son should expect to see it on his credit report.

I don't know.  If you're not trying to avoid asking them, you might ask the nice lady at the good company.

Good thought, thank you!

[BC_Goldman]

I was able to enroll a Discover card with the good company this year. Happy to report I just sold the 7th slot (plus 1 extension) already.

Discover adds/removes are an easy, online process that takes me less than 5 minutes. The card doesn't pay as much as the one I have with the other company but the entire process is so much nicer I would rather do it anyway. I am also paid promptly and don't need to chase after payments every time.

[Mr. Metal Mustache]

What is "Plus 1 extension"?

After you max the 7 out online for Discover are you able to sell more yet by calling in and adding?

[BC_Goldman]

What is "Plus 1 extension"?

After you max the 7 out online for Discover are you able to sell more yet by calling in and adding?

Someone paid to stay on past the original removal date. So extra money for me to do nothing.

[Mr. Metal Mustache]

Glad I asked - This morning the same thing happened to me on my Discover Card - Its a good feeling!!



Also as a data point for BofA, I have never included a phone number on the online add form and have had no issues with posting.