Tradelines are a file of your credit score historical past with a selected creditor. They embrace data 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 kind 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 an extended 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 may help you qualify for decrease rates of interest and higher mortgage phrases.
