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How many types of authorized user tradelines?

Authorized user tradelines can be of different types depending upon their nature, type, and usage. There are generally three types of user tradelines:

Revolving accounts

These accounts are of revolving nature. These types of accounts include credit cards or lines of credit.

Installment loans

These types of accounts include personal loans,student loans, and mortgage loans.

Open accounts

In these accounts, a buyer is paid in full when they receive the merchandise or anything else in value.

You can choose any type of tradeline as per your current credit score and the formation of your credit report.

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