What Is A Tradeline On A Credit Report
Camila Farah
The term tradelines is a financial industry term for an account.
Tradelines on a credit report refer to credit accounts such as credit cards personal loans and mortgages. A trade line is a record of activity for any type of credit extended to a borrower and reported to a credit reporting agency. A tradeline is a term used by credit reporting agencies to describe credit accounts listed on your credit report. May 1 2019 2 min read.
A trade line is established on a borrower s credit report when a. The two types of tradelines are revolving tradelines like credit card accounts and installment tradelines like a mortgage. May 1 2019 2 min read. For each account you have there is a separate tradeline which includes information about the creditor and the debt.
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