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credit history

   Also found in: Wikipedia 0.01 sec.
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.



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Your credit history includes all the financial and credit transactions you have made in the past years.
Have you been turned down for a car loan in the past because of a bad credit history or no credit history at all You may be concerned that if you apply for a car loan a second time, it will further damage your credit rating and you will still be unable to acquire the new car you need Have you been turned down for a car loan in the past because of a bad credit history or no credit history at all?
Many students will need to apply for private supplemental loans to finance their way through college and so it is very important that the link between private students loans and credit history is fully understood.
 
 
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