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 ?
com survey, 23 percent of Americans said they have had a problem with their credit report at one time or another.
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.
Credit characteristics are variables with values determined by the information contained in 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.
Your credit report is a record of all your current and past debt and credit management.
1, 2004, consumers will be able to request one free credit report per year.
The Haddocks' attacker even showed up on their credit report, a third name and address right alongside Roberta and Bob.
The dealership must also furnish the reasons for the decision, identify the credit information source whenever the dealer's adverse action is based upon the consumer's credit report, and inform consumers they have a right to obtain a copy of the report.