A trade line is a record of activity for any type of credit extended to a borrower and reported to a credit reporting agency. In other words, it is an account that appears on a credit report and records the payment history, balance, current status, and other vital details for each credit account. Each credit account has its own trade line, and borrowers will have multiple trade lines on their credit report, each representing the individual borrowing accounts for which they have been approved. Trade lines are created for a variety of types of accounts, including mortgages, car loans, credit cards, student loans, and personal loans. A mortgage trade line, for example, contains details of the account name of the creditor, a partial account number, and the customers payment status.

Trade lines may contain a variety of different data points related to the creditor, the lender, and the type of credit that is being provided. The trade line often contains the name of the creditor or lender, the account or another identifier for the type of credit being provided, the parties responsible for paying the loan, and the payment status of the account. The information included in trade lines is primarily used to calculate credit scores, but lenders may also check the tradelines on a credit report to get more information.

In summary, a trade line is a record of activity for any type of credit extended to a borrower and reported to a credit reporting agency. It is an account that appears on a credit report and records the payment history, balance, current status, and other vital details for each credit account. Trade lines are created for a variety of types of accounts, including mortgages, car loans, credit cards, student loans, and personal loans.