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 ?
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.
Janet Dhillon, nominated by President Trump to Chair the Equal Employment Opportunity Commission (EEOC), about her willingness to take action against employers who use credit histories to discriminate against people of color, who are often negatively impacted by their credit reports and penalized as a result.
ACRA Credit Reporting" CJSC calls on the citizens of Armenia to track their credit histories.
One is by visiting a branch of Uniastrum Bank, which since 2012 has had a working relationship with the National Bureau of Credit Histories (NBCH), Russia's biggest credit history agency.
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.
At a time when many Oregonians have been knocked to their economic knees by the Great Recession, the Legislature has provided welcome protection for job seekers by approving a bill that would bar most employers from using credit histories to screen potential hires.
The Fed suggested that expanding the information supplied to credit-reporting agencies to include rent, other recurring bill payments, nontraditional uses of credit and the credit histories of the foreign-born in their countries of origin may provide a broader picture of the credit experiences of recent immigrants and other individuals.
In addition to traditional credit histories, which are widely used to rank potential renters, On-Site.
While an estimated 160 million Americans have documented credit histories adequate for calculating classic FICO credit scores, an estimated 50 million consumers do not.
Over the past decade, the insurance industry has begun using credit histories to create credit scores for individuals who apply for or, sometimes, renew automobile and other insurance policies.
The OCC guidance consequently emphasizes the risks of entrusting assets to even registered broker/dealers and the importance of reviewing their credit histories, and it outlines steps banks can take to see that FDIC insurance covers their purchased CDs.

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