Tax Liens - Unpaid taxes often result on a lien placed on your credit report and/or on your property. Unpaid tax liens stay on your credit report indefinitely and therefore should be settled as quickly as possible. Many lenders will not give you a loan if you have an unpaid tax lien.

Tradeline - Any item besides a public record that appears on your credit report is a tradeline. Note that not everything you pay for every month is a tradeline. Credit cards, car payments, loans, and other debts are tradelines, but many other things such as cell phone, gas and electric bill etc, only report on your credit report if you don’t pay them! No one ever said the system was fair.