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When you’re working to build your credit, learning new terms might be of interest to you. One question we get asked a lot here at Boost Credit 101 is, What are updated tradelines? Before we dive in and explore the term, let’s make sure you understand what a tradeline is. A tradeline is simply a credit account that is in your name or an account that you are an authorized user on. [caption id="attachment_2751" align="aligncenter" width="1019"] What Are Updated Tradelines[/caption] Updated Tradelines Whenever there is a change in a credit account, the change will get reported to you through the…

If you have a derogatory mark on your credit reports, such as a late payment or collections, your credit report can suffer some serious damage. One question that people often ask us here at Boost Credit 101 is: Am I able to remove derogatory items from my credit report, and if so, how? In this article, we’re going to explore the ways in which you can remove derogatory marks and get your credit score back on the positive side.   What Is a Derogatory Mark? When a mark is deemed “derogatory,” it means that it is a negative mark. Any…