"Negative tradelines" refers to negative information about a person's credit history. It indicates that the person has a history of late payments, defaults, or other negative events on their credit accounts, which can make it harder for them to get credit or loans in the future.
Full definition
Credit repair business software for mortgage brokers will help remove
negative tradelines by automating the credit dispute process saving you hours of valuable time.
Loan officers and mortgage brokers can solve this issue and help their clients to remove
negative tradelines with our mortgage broker software for credit repair.
Encore further commented, «In listening to our consumers, we found that a significant challenge with current practices that
maintain negative tradelines for seven years, even after a debt has long been paid or resolved, is that many consumers feel their only alternative for nearer - term resolution is to dispute the debt in question.
With Credit repair software for mortgage brokers, you can dispute
negative tradelines witha few clicks of your mouse and easily handle hundred of referrals per mont..
I suspect for a large majority of people with outstanding civil judgments there are many
other negative tradelines in their reports.
This means that nearly eight out of 10
negative tradelines can be removed with a simple credit dispute letter.
Most clients and referrals will not qualify due to
negative tradelines.
If you have
a negative tradeline on your credit report that's nearing that seven year mark, you should prioritize paying off other debts first.
Remove
negative tradelines • Credit repair software for mortgage brokers • What is a tradeline?
Removing
negative tradelines will increase your close rate practivally overnight.
Paid or unpaid, it's still
a negative tradeline on your credit reports.