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 ?

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.

Swot up on student finance; Heading to university this month? ANDREW HAGGER advises you how best to manage your money

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.

How to find the right mortgage for you

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).

Majority of Credit Active Consumers Don't Know Their Credit Score

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.

CREDIT CRUNCHED; Your money: Recession means zero per cent card deals are drying up

And many people use credit because they are trying to establish a solid credit record.

Seeking good credit--and keeping it

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.

Check credit report annually to catch mistakes

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.

Credit report accuracy and access to credit

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.

Affect of research credit final regs. on documentation

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.

Pound Notes

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.

GMAC AGREES TO SETTLE BIAS SUIT WITH BLACK BUYERS

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?