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Home > Tradelines

Your Credit Report and Tradelines


Your Credit Report and Tradelines

What is a Tradeline?

Tradelines are the types of credit accounts that will show up on your credit report from the three major credit bureaus: ExperianEquifax, and TransUnion. Tradelines consist of loans, credit cards, lines of credit, and other credit accounts.

What are the types of Tradelines?

There are two different types of tradelines that can be listed on your credit report: revolving and installment.

  • Revolving Tradelines: a credit limit with flexible payment options such as a minimum monthly payment on the borrowed amount, such as a credit card or a home equity line of credit
  • Installment Tradelines: a loan that is paid in installments until the balance is paid off, such as an auto loan or mortgage.

How do Tradelines affect my credit?

Tradelines come into play in your credit mix. Your FICO® credit score will take into consideration your tradelines when calculating your score. Typically your credit mix accounts for about 10% of your score. The longer you have active tradelines and the more responsible you are paying down your debt, the better your credit score will be. 

A FICO® score is a type of credit score created by the Fair Isaac Corporation. Lenders use borrowers’ FICO scores along with other details on borrowers’ credit reports to assess credit risk and determine whether to extend credit.



Disclaimer: Any reference made in this blog to a specific product, process, or service does not constitute or imply an endorsement by Connected Credit Union of the product, process, or service, or its producer or provider.

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