credit history

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

Credit history

A record of how a person has borrowed and repaid debt.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

credit history

An individual's history and experience regarding repayment of loans and use of revolving credit such as credit cards.

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
References in periodicals archive ?
Get a free copy of your credit record and credit score from Totallymoney or ClearScore - it's definitely worth signing up to one of these services and keeping an eye on it.
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.
According to the National Credit Regulator in the quarter ending March 2012, 10,357 disputes were lodged in respect of the accuracy of the information recorded on consumer credit records. 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.
And many people use credit because they are trying to establish a solid credit record.
If you pay your bills on time, keep current on all outstanding accounts and never default on a loan or fail to make a mortgage payment, you might expect your credit record would show you to be the very model of personal financial responsibility--someone to be welcomed with open arms by anyone with a product or service sell or rent to you.
First, the effects vary depending on the overall composition of the affected individual's credit record. For example, a minor error in a credit record is likely to have little or no effect on access to credit for an individual with many reported account histories, but the same error may have a significant effect on access to credit for someone with only a few reported account histories.
The ATG also recommends considering, when appropriate, the use of expedited resolution procedures, including advanced issue resolution, prefiling agreements and research credit record retention agreements.
One of the the UK's largest mortgage and loan brokers, Compass Finance, has produced a Credit Repair Guide showing people how to improve their credit record. Free copies on 0800 043 4623.
Nissan also agreed to limit its markup to 3 percent, a rate which had been left up to the dealer to decide after the lender determined the amount of the loan, based on credit record, amount of the loan and the type of car purchased.
Third, she received a dunning notice from the lender--the finance arm of a famous German volume manufacturer--telling her that, if she got the payment to them within 10 days, her mistake wouldn't show up on her credit record! Does this behavior make sense, or entice buyers to stay?