credit history

(redirected from Credit record)
Also found in: Acronyms.

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 ?
Any type of financial contract or debt will be reflected on your credit record and as long as these are manageable and repaid on time, it will be good for your credit rating.
Ensure there's no incorrect details on your credit record - check it regularly and if the details are wrong, correct them
More disputes were resolved in favour of complainants (7,722) as compared to disputes where credit records remained unchanged (1,646).
With the recession, customers are finding it more and more difficult to apply successfully for new cards, with many card providers now saving their top deals only for those with the best credit records.
In this article, we expand on the available research by presenting an analysis that tackles these complexities and quantifies the effects of credit record limitations on the access to credit.
Of course, consumers would have to weigh the consequences of their decisions--forgoing the benefits of having a credit record, or risking that creditors would choose not to do business with them or would charge them a higher rate of interest.
The new service alerts subscribers to any changes in their own credit record or that of their transportation business partners.
In its renewal notices, the bank said, 'This decision was not based on your credit record or your performance in paying your home equity line of credit and will not adversely affect your credit score.
Peo cites checking a potential customer's credit record as a typical example: "Normally, you need to phone a credit rating agency or at least open a new application to check a credit record," he says.
People whose identities have been stolen can spend months or years--and much hard-earned money--cleaning up the mess thieves have made of their good name and credit record.
I wouldn't recommend a bankruptcy since it can remain on your credit record for seven to 10 years and further hinder credit repair efforts.