Tradelines are a report of your credit score historical past with a specific creditor. They embody info such because the date you opened the account, the credit score restrict, and your cost historical past. While you apply for a mortgage or different sort of credit score, lenders will take a look at your tradelines to evaluate your creditworthiness.
The very best tradelines for credit score are those who present a protracted historical past of on-time funds and a low credit score utilization ratio. Lenders wish to see accountable use of credit score, and having a constructive credit score historical past can assist you qualify for decrease rates of interest and higher mortgage phrases.
