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 ?
Morrison said, 'Customers with good credit histories will be able to obtain lower rates, and be better placed to shop around because their credit history will now become available to all lenders.
The legislation would prohibit employers from requiring potential employees to disclose their credit history as part of the job application process.
If your credit history shows that you have had trouble paying loans in full or have gone personally insolvent, banks and finance companies will be less willing to lend you money without a deposit to offset the risk.
They will use your credit history to assess whether you will be a responsible borrower by checking your payment history with other lenders.
The number of complaints against banks, which are not accurately reporting their consumers' credit history to Credit Information Bureau (India) Limited or CIBIL, is on rise in both the Telugu speaking states, said Andhra Pradesh and Telangana banking ombudsman last week.
Dubai: Banks in the UAE no longer ask for blank security cheques against unsecured lending, but the amounts written on these cheques vary depending on the risk perception of the banks and credit history of customers.
A core aspect of that mission for AHEAD, which owns and operates more than 400 affordable housing units, has been educating residents about the importance of credit and building credit history.
A bad credit history won't just boost the cost of your car loan.
The best way to improve your credit history is also the simplest way -- just pay your instalments on time.
17 September 2014 -- UK-based credit bureau Experian (LSE: EXPN) has announced the results of an analysis confirming that building a credit history is beneficial to financially marginalized communities.
It's positive soon I have a permanent job as a primary teacher but I have been told that I'll find it difficult to get a mortgage, as I don't have a credit history.
bank or a credit organization for a loan, he/she automatically creates his/her own credit history.

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