What Are Tradelines? 

By way of paraphrasing, Experian defines a tradelines as “Entry by a credit grantor to a customer’s credit history continued by a credit reporting agency. A trade line defines the consumer’s account status and activity. Tradeline info comprises names of businesses where the applicant has financial records, dates accounts were opened, credit limits, types of accounts, balances owed and payment histories.”  Equifax concisely defines trade lines as “A credit industry term for an account recorded on a credit report.”

How Tradelines Effect My Credit Score?

Adding a trade-in, sometimes referred to as authorized user Tradeline or seasoned tradeline, is a process through which individuals purchase an aged credit line in order to boost their credit score by piggybacking off the account in good standing.  This is possible because of the creditors generally furnish all information to the credit bureaus of an individual listed as an authorized user on any given tradeline. In addition, FICO digests the newly added credit and recalculates your score. 

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