credit history

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Related to Credit reports: Experian, Credit scores

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 ?
He said customers will also have access to their credit reports through the bureau's soon-to-be-launched customer service centres.
The online guide includes step-by-step instructions for consumers on how to correct errors that may appear on their credit report.
If a company makes a mistake--by neglecting to conduct adequate background checks before extending credit, by issuing inaccurate credit reports or by failing to safeguard sensitive information--that company pays the price.
Use at least one credit card each month and pay all bills on time to consistently add new positive information to your credit report.
Regardless, it is still in consumers' best interest to monitor their credit reports.
If the social security number you submit is not accurate, you'll end up wasting time trying to process the application, since a prerequisite for running a credit report is an accurate social security number.
1, 2004, consumers will be able to request one free credit report per year.
After discovering the theft in June, Guevarra, 30, an unemployed freelance writer, started monitoring his credit report online, a service costing $90 a year.
Insurance scores are based on information from consumer credit reports compiled by three major credit bureaus: Equifax, Experian (formerly TRW) and TransUnion.
Accurate credit reports are critical to the credit process--for consumers attempting to obtain credit and to lending institutions making decisions about extending credit.