What Is a Tradeline?
Tradeline is an industry term for the accounts found on your credit report. Every time you open a new credit card or another type of loan, a new tradeline appears.
Tradelines you may find on your report:
- Auto loans
- Credit cards
- Student loans
- Installment loans
What is a Seasoned Tradeline?
You may also hear this type of tradeline referred to as an ‘aged’ or ‘old’ account. A line of credit that a borrower has had for two years or longer is a seasoned tradeline. It’s a good thing to have on your credit report because it is an account with an established history—it shows that you have been responsible for this particular tradeline for a substantial period.