credit history

(redirected from Credit Histories)

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 ?
Using credit histories when evaluating applicants for employment has come under the watchful eye of government agencies, because, among other things, it may have a disparate impact on certain minority job applicants.
UK-based Amigo, which launched in Ireland yesterday, offers loans to people with poor credit histories.
Borrowers with good credit histories will be able to get cheaper loans after the Australian government forced the big four banks to share more data on their customers' credit histories.
Lenders need a way to verify creditworthy individuals even when they do not have access to localised credit histories, as well as new methods that can provide more accurate risk scoring and better decision accuracy.
As more and more people in the city move to rented accommodation the Rental Exchange is aiming to help private tenants strengthen their credit histories simply by recording their rental payments - so they receive recognition in a similar way to mortgage payers.
3934-U, dated 18 January 2016, 'On the Procedure for Submitting Inquiries and Receiving Information from the Central Catalogue of Credit Histories via Post Offices' registered with the Ministry of Justice of the Russian Federation on 18 March 2016 under No.
Based upon the argument that credit histories either do not help predict accidents or are simply a proxy for discriminating on the basis of race or income, virtually all states prohibit companies from making accurate predictions based upon credit, and thereby setting rates based upon actual risk, the study shows, according to Banzhaf..
FICO (NYSE: FICO) said according to its data and data from Russian Credit Bureau National Bureau of Credit Histories (NBKI), consumer credit performance in Russia has reached a seven-year low.
"ACRA Credit Reporting" CJSC calls on the citizens of Armenia to track their credit histories. "Whoever applies to a
ySTANBUL (CyHAN)- A new government program to create and track consumers' credit histories will "inaugurate a brand new era in Turkish commerce," Deputy Prime Minister Ali Babacan said on Thursday.
The CU also accepts alternative credit histories, such as payment histories on utility bills, as part of its underwriting and encourages them to put their utilities under their name in order to have a record for alternative credit.

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