credit history

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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 ?
Secured credit cards will be more accepting of people with low or no credit history. It can be a good starter card, and you might even be able to find a card that offers you rewards points or cashback.
Lenders may look at your partner's credit history when deciding whether to give you credit.
In using credit history to make employment decisions, management should accordingly exercise caution and carefully evaluate whether the inquiry is job related and necessary for business in order to defend a claim that a practice has an unlawful discriminatory impact on minority groups.
Credit scores consider payment history (35%), amounts owed (30%), length of credit history (15%), new credit (10%), and types of credit used (10%).
Under the Amazon Credit Builder card, customers with no credit history or bad credit can secure the credit card by putting down a security deposit.
Your credit history plays an important role while applying for a mortgage in UAE.
Credit history is a record of a consumer's ability to repay debts.
Most recently, the bank launched the Key Secured Credit Card, a no-annual fee credit card designed to help clients build or strengthen their credit history.
Used responsibly, it's a way to build a positive credit history, which will help you with things like getting a better deal on a mortgage or cheaper car insurance; and it will help you qualify for a card with better terms down the road -- for example, one with richer rewards.
Sometimes the problem with being accepted for a mortgage is not that you have a bad credit history, rather that you have no credit history because you have never applied for credit before.

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