Process Terms

    Tradeline: Definition

    A record of a single credit account on a credit report.

    Definition

    A Tradeline is a record of a single credit account as it appears on a consumer's credit report. Each tradeline contains the account details, payment history, balances, and status from a single data furnisher. Consumers typically have multiple tradelines on their credit reports.

    Usage Notes

    • Each account creates one tradeline
    • Joint accounts appear on both consumers' reports
    • History retained for 7-10 years depending on status

    Related Terms

    Credit ReportBase SegmentData Furnisher

    More Process Terms

    Dispute
    A consumer's challenge to the accuracy of reported information.
    ACDV (Automated Consumer Dispute Verification)
    The system used by bureaus to process consumer disputes.
    e-OSCAR
    The industry system for processing credit disputes electronically.
    File Submission
    The process of sending Metro 2 data to credit bureaus.
    Credit Report
    A detailed report of a consumer's credit history.
    Credit Score
    A numerical representation of creditworthiness.
    Soft Inquiry
    A credit check that doesn't affect credit scores.
    Hard Inquiry
    A credit check that may affect credit scores.

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