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Tag Archives: definitions

What is a Trade Line?

Tuesday, February 23, 2010

What Does Trade Line mean? Every credit card, loan, line of credit, or lease you have ever had is recorded on a Trade Line of your credit bureau report. Each trade line has a repayment summary which calculates the number of times your payments were late (30, 60 and 90 days), the amount of the [...]

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What Does FICO Stand For?

Saturday, January 17, 2009

One of the best guides to your credit score is the web site of the Fair Isaac Company that developed their scoring method at www.myfico.com. They call it the FICO. Each of the three main credit bureaus has a different name for it. Each Bureau also has subtle differences in how they calculate your personal [...]

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