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What does it mean when you apply for credit and they do not approve it and what does derogatory credit on recently opened trade lines mean?
Wiki User
∙ 17y ago
You are not being approved for credit is due to your possibly having other new credit (less than 12 mos. old) reporting delinquent (this is what is being referred to as "derogatory credit on recently opened trade lines); each "trade line" is a creditor that you owe money to be it credit card or installment loan.
Wiki User
∙ 17y ago
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