credit history

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Credit history

A record of how a person has borrowed and repaid debt.

Credit History

A record of one's payment history on current and previous debt. If one makes payments on time and does not acquire an excessive amount of debt, one's credit history is likely to be good. This makes an individual a good risk if he/she wishes to borrow more money. On the other hand, if one has a history of late payments and/or default, the individual is likely to be a bad risk and may be denied credit. One's FICO score is a measure of one's credit history.

credit history

An individual's history and experience regarding repayment of loans and use of revolving credit such as credit cards.

References in periodicals archive ?
One is by visiting a branch of Uniastrum Bank, which since 2012 has had a working relationship with the National Bureau of Credit Histories (NBCH), Russia's biggest credit history agency.
At a time when many Oregonians have been knocked to their economic knees by the Great Recession, the Legislature has provided welcome protection for job seekers by approving a bill that would bar most employers from using credit histories to screen potential hires.
The Fed suggested that expanding the information supplied to credit-reporting agencies to include rent, other recurring bill payments, nontraditional uses of credit and the credit histories of the foreign-born in their countries of origin may provide a broader picture of the credit experiences of recent immigrants and other individuals.
In addition to traditional credit histories, which are widely used to rank potential renters, On-Site.
While an estimated 160 million Americans have documented credit histories adequate for calculating classic FICO credit scores, an estimated 50 million consumers do not.
Over the past decade, the insurance industry has begun using credit histories to create credit scores for individuals who apply for or, sometimes, renew automobile and other insurance policies.
The OCC guidance consequently emphasizes the risks of entrusting assets to even registered broker/dealers and the importance of reviewing their credit histories, and it outlines steps banks can take to see that FDIC insurance covers their purchased CDs.
Washington's new law limits insurers to a 20% difference between the premiums charged to people with clean credit histories and those charged to people with poor insurance scores.
A bank will search personal and business credit histories for a picture of how you maintain relationships with your creditors, including any lawsuits and/or liens against you.
Examining credit histories, salaries, types of loan as well as race and national origin of the applicants, she found three white candidates who were approved even though they had questionable refinancing applications.
2) This alternative is attractive to many borrowers because having a foreclosure recorded on their credit histories is particularly derogatory and will usually be a significant hindrance in their future efforts to obtain credit.

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