Ontario Mortgage Agent Practice Exam 2025 – 400 Free Practice Questions to Pass the Exam

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Question: 1 / 125

What does a trade line refer to in a credit report?

A) Information on hobbies and interests

B) Date of birth and social security number

C) Details of credit accounts including repayment history

A trade line refers to the detailed information about a credit account's repayment history and current status, including the type of account, credit limit, balance, and payment history. This information helps credit agencies determine a person's creditworthiness. Options A, B, and D are incorrect because they do not pertain to credit reports or creditworthiness. Hobbies, interests, date of birth, and social security number are not included in a trade line. Membership in professional trade organizations may be listed on a credit report, but it is not the same as a trade line.

D) Membership in professional trade organizations

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