What is a trade line?

A trade line is created for every line of credit or account a debtor has such as a mortgage, car loan, student loan, credit card, or personal loan. Trade lines include information on the creditor, the lender, and the type of credit given. A closed credit account will generally remain on a trade line for seven to 10 years.

How to use a wallet-to-wallet exchange?

Click the button, give your wallet address and wait half an hour for your coins to arrive; you can do it via its web version, mobile application or your wallet. This wallet-to-wallet exchange partners with the most widely used digital wallets, like Trezor, MyEtherWallet, Ledger, Exodus, etc.

What types of accounts have a trade line?

The basic types of accounts that have a trade line are those paid off in fixed installments, and these accounts are often broken into categories. First, revolving trade lines are reported on credit cards or other lines of credit. Second, installment trade lines report the history of car loans, mortgages, student loans, and personal loans.

How long do trade lines last?

Trade lines with a negative history are generally closed between seven to 10 years. Trade lines for fraudulent or erroneous reports can be disputed. After credit bureau agencies receive valid proof, these trade lines are often removed within 30 days of review.