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 ?
If you have a county court judgment against you it will remain on your credit record for six years.
uk, says: "People are scared to apply in case they damage their credit record.
It could be that they work on a "points" system, in which case your son would have been refused a mortgage not because of a bad credit record, but because he doesn't HAVE a credit history - for example, if he's never had a credit card, or always paid cash for anything he's bought, rather than financing it with a loan, and paying it back in monthly instalments.
What's more," says Dave Mooney, a spokesperson for Equifax, "if you make those payments regularly, your file will be marked 'paid as agreed,' so your credit record will show positive results.
Even if your credit record isn't great don't worry, we'll highlight products that may work for you.
HMAC has also begun to target the hot sub-prime market by creating a new division that specializes in borrowers with blemishes on their credit record, such as bankruptcies or missed payments, who we are reaching through telemarketing, direct mail and customized seminars.
The government issues two free brochures: Build A Better Credit Record and Solving Credit Problems.
Andrew Hagger, of Moneynet, says: "If your credit record is squeaky clean, the garden looks rosy.
Women business owners must have a good personal and business credit record and have been in business for two years, or show an equivalent period of related experience.