Selling AU/Tradelines

[Triple Canopy]

Does anyone have any experience selling AU slots for the purposes of boosting someone's credit?

I found a company, BoostCredit101, that's offering $125 per AU that I add to my card.

[Marco Polo]

Does anyone have any experience selling AU slots for the purposes of boosting their credit?

I found a company, BoostCredit101, that's offering $125 per AU that I add.

Personally i would stay away.

[ShlockDoc]

Does anyone have any experience selling AU slots for the purposes of boosting their credit?

I found a company, BoostCredit101, that's offering $125 per AU that I add.

Sounds too sketchy and can cause you great harm.  I'd avoid.

[Triple Canopy]

Marco Polo, ShlockDoc: Why do you say? The AU doesn't get the card and on the CR all it shows is the first few digits of the number.

[dovymonsey]

Can it cause ur credit harm if they have bad credit ?

[Marco Polo]

Marco Polo, ShlockDoc: Why do you say? The AU doesn't get the card and on the CR all it shows is the first few digits of the number.

Could be legitimate, but personally i wouldn't do this for someone random, even if they were not getting the card.

[knowitall]

It can't harm your credit if the person you add has bad credit.
But thy can probably call your bank and get another card sent to them and swipe away...

[Triple Canopy]

It can't harm your credit if the person you add has bad credit.
But thy can probably call your bank and get another card sent to them and swipe away...

How can they call your bank when they don't have any idea who the card owner is or the account number?

[SPLP]

Does anyone have any experience selling AU slots for the purposes of boosting someone's credit?

I found a company, BoostCredit101, that's offering $125 per AU that I add to my card.

Read on FT --people got closed down for this -ask your self is it worth the risk

[Yosef_S]

Sounds really shady. There's gotta be less risky ways to make $125.

[Redbull3]

You guys may have seen this but I just stumbled across this:

Don’t cancel those churnable cards! Do you have old cards sitting around that you haven’t cancelled or downgraded after churning? Rent your authorized user slots to us and we will pay you $200+ per month depending on your card type, history, and limit. Email investorsupport@BoostCredit101.com and mention “/r/churning” in your email for an additional one-time bonus of $75 on top of your first authorized user.

Basically they are offering a lot of cash (their monthly schedule looks quite lucrative potentially) for you to make some random person (their client, someone with shot credit who is paying for it to be rebuilt) an AU on a "good" account (old, good payment history, low carried balances and high credit line.) They claim it's not illegal and that there is no risk since the AU card gets shipped to account holder (you), and the only (minimal) risk would be the CC issuer A/Aing you. No credit pull or anything; by e-mail the guy basically told me they take you at your word up front about your credit and see if you're truthful by monitoring their clients accounts.

Thoughts?

[Marco Polo]

I think someone posted it yesterday. Consensus was not to do it i think.

[Redbull3]

I think someone posted it yesterday. Consensus was not to do it i think.

What's the downside? People worried about A/A?

[Marco Polo]

What's the downside? People worried about A/A?

I'm going to try and find where it was discussed...

[Marco Polo]

I'm going to try and find where it was discussed...

Found it here.

[dealfinder85]

Found it here.

ya whether or not i can pin point where this can go wrong, its the type of thing where if you heard someone got screwed, you would think why would you get involved in something like this

[Redbull3]

Devil's advocate...

Can it cause ur credit harm if they have bad credit ?

No.

How can they call your bank when they don't have any idea who the card owner is or the account number?

+1

Read on FT --people got closed down for this -ask your self is it worth the risk

For adding a claimed "business partner" as an AU?

Sounds really shady. There's gotta be less risky ways to make $125.

Much more $ than that being offered

[SearchGuy]

You should be able to put a limit on each AU so you just make the limit to 0 and from there he can do whatever he wants, he is not planning to use the card at all just so this card can go on someones CR so it should boost his score

[Redbull3]

Found it here.

Thanks, searched first not sure why I couldn't find that. Sorry all...

[Red]

How can they call your bank when they don't have any idea who the card owner is or the account number?

They may be able to give their SS and have the account pulled up that way.