should a trade line be created in your name fraudulently you can request to have the trade line removed from your credit history 
records included in a trade linetrade 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 trade line will also contain particular account milestones such as the date the credit was extended the credit limit the payment history all levels of delinquency if any missed payments have occurred and the total amount owed as of the last report if a consumer closes an account that account will typically remain on his or her credit report as a trade line for seven years though in some cases the account can go away sooner payment status indicates whether or not payments for the loan are being made on time and how late they are if they are not being made on time if the payments are being made on time the payment status will indicate that the payments are being made according to the terms of the credit agreement the information included in your trade lines is used to calculate your credit scores while your credit score is a summarized snapshot of your creditworthiness lenders may inquire to see a detailed report of your entire trade line special considerationslate payments are usually grouped in a range of days according to how late they are for example delinquencies may be reported as 30 days late 60 days late or 90 days late the payment status may be set to charge off if the creditor deems it unlikely that the debt will be repaid and the status may also indicate that the credit recipient has entered bankruptcy as trade lines are used by credit reporting agencies to develop an individual s credit score credit scores vary with higher scores generally given to individuals with more favorable trade line reporting factors considered when calculating the credit score include the number of trade lines types of trade lines lengths of open accounts and payment history in addition to reviewing a borrower s credit score a lender who pulls data from a credit reporting agency may also comprehensively analyze all of the trade line reporting on a credit report when considering a credit application in the underwriting process 