Tag: tradelines

All Tradelines are Authorized User Only

Question: Our client has 3 tradelines, but they are all authorized user accounts.  I have received a GUS accept, so am I able to move forward or do I need to do anything further? Answer: The good news is USDA revised chapter 10 credit analysis effective January 28th, 2020 that eliminated the requirement for credit […]

A subscription is required to access this content—please view our available subscription options. If you are a current subscriber, please log in.

USDA – Credit Lines – Deferred Student Loans: Will USDA allow deferred student loan debts to be counted as a tradeline? NEW MTP™ – USDA – What Counts as a Non-Traditional Tradeline?

Answer: Unfortunately, deferred student loans without 12 months of repayment history are not eligible tradelines to validate credit. Here is what the regulations state… Confirm the applicant has at least two eligible tradelines reported to the credit bureau.  The tradeline may be open, closed and/or paid in full by the applicant. Eligible tradelines include: Loan […]

A subscription is required to access this content—please view our available subscription options. If you are a current subscriber, please log in.

Scroll to Top