Sometimes there can be a lot of confusing terms that come up in relation to your credit and credit scores. Credit tradelines is one of these terms, and it simply refers to any open credit accounts that are currently showing up on your credit history.

The lack of credit tradelines on your credit record equates to a lack of any type of credit history, and is one of the main reasons why people are turned down for loans. Without enough active trade lines on your report, it is difficult for a loan underwriter to have enough information available to them to make a decision about whether you can be considered creditworthy and can be issued a credit tradeline from that company. Adding credit tradeline activity will be helpful to building your credit profile.

On the flip side of that, is having too much activity reported on your account with seasoned credit tradelines. In fact, even if you are always on time with your payments, if you have too many open credit trade lines, or if you are using almost all of the available credit on those accounts, this will turn out as a strike against you and will lower your credit score. The exact formula that the credit reporting agencies use to determine your credit score is under lock and key, but it is generally advised to not use more than 60% of the credit you have available to you, and less than that is even better.

Your credit tradelines can also hurt you if they are reporting derogatory information about your account, either because you are slow to pay, because you missed payments, or because of errors on their part. Because it is estimated that 80% of all credit reports do have some errors on them, it is a good idea to monitor your credit score and take immediate action if you ever see incorrect information being reported about you.

While erasing credit tradelines that are reporting negative things about you is a nice idea, the reality is that if the information is correct, you will have a tough time removing it. However, if you can prove that any item is wrong on your report, it must, by law be removed in a timely manner.

Many people have a great deal of interest in raising their credit scores so that they can save money in fees and interest rates on their loans. Acquiring seasoned credit trade lines is one method that has become popular because it can quickly boost your score by 100 points or more.

There are companies that show you how to buy trade lines credit, or will make such arrangements for you, so that you can benefit from aged credit trade lines owned by someone else when they make you an "authorized user" on their account. The result is that the activity history of their aged credit account will show up on your credit report so you get a better overall credit score.

Whether they are your own, or you borrowed or rented them, and even if you don't even have them yet, credit tradelines impact everyone's credit rating and everyone's ability to borrow money when they need it.