What does new trade mean on TransUnion credit report?

A new account is one that hasn’t been reported to any of the major credit bureaus before you obtained that account. It means that you opened a credit account for the first time after you signed up with TransUnion. This includes a store account at a retailer that you have shopped at or a bank account that you opened online.

What does new trade mean on credit report?

If you took out a loan, carry an account balance or have credit card debt, a new trade could show up on your credit report as a late payment or account delinquency. A new trade could also show up if you refinanced or changed your mortgage lender. A new trade could also occur if you failed to pay off a car or credit card debt and the lender reported it to the credit bureaus.

What does new trade mean on your credit report?

A new trade that appears on your credit report indicates that a new account was opened with a business you’re looking at. As long as the account doesn’t report an inquiry or a late payment, it won’t affect your credit score or report. It will simply indicate to potential lenders that you have recently opened a new account with that business.

What does new trade mean on my TransUnion credit report?

If a business that you did business with previously closed and you haven’t been a customer in over 30 days, you may show as a new account on your TransUnion credit report. If you receive a new account alert on your TransUnion credit report, carefully review your credit report to make sure all of the information is accurate. TransUnion may show information on your credit report that isn’t accurate. Contact TransUnion if you spot any discrepancies.

What does new trade mean on TransUnion report?

The new trade flag on TransUnion credit report tells you if a new account or line of credit you have was reported to TransUnion. A new credit account could be a credit card account, a mortgage, or even a utility account. A new credit account could also include a car loan or installment loan. If your credit report says the account was reported, it was reported within the past seven years. It’s possible that the account was reported because of a discrepancy. If the account was reported