"non-student loan trades"

Started by Teee
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Teee

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"To qualify for this loan, you must earn a minimum U.S. credit bureau score and have three years of established U.S. credit history in your own name, including at least four non-student loan trades (such as a credit card, a car loan, or a gasoline company card), one of which has been open for 36 months."

can someone explain this sentence please? i need at least four non-student loan trades, does that mean i need at least 4 credit cards (or the other options) or four transactions on a credit card?

Thanks
 
"To qualify for this loan, you must earn a minimum U.S. credit bureau score and have three years of established U.S. credit history in your own name, including at least four non-student loan trades (such as a credit card, a car loan, or a gasoline company card), one of which has been open for 36 months."

can someone explain this sentence please? i need at least four non-student loan trades, does that mean i need at least 4 credit cards (or the other options) or four transactions on a credit card?

Thanks

It means you need to have 4 credit cards or other options. And you need to have had one of those cards for a minimum of 3 years.