What does insufficient credit trade line mean?
Answers:
Your credit report does not show enough history to generate a FICO score. Look for a lender that still does "Manual Underwriting". That is the "old fashion" method of approving loans by actually looking at the applicants finances and making a decision. Your current lender is just looking at your non-existent FICO score.
It could also mean that you simply do not have enough trade lines and enough payment history.
Most lenders look for a mix of at least 3-revolving (credit card) credit lines and at least 2-installment (vehicle, boats, home or personal loans) credit lines all with good long pay history's.
This is whats required for a good credit score and profile. A lot of people have very high scores but they are made up of one credit card and a couple of student loans. So they have nothing to qualify them for a home or vehicle loan.
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