Credit History
A credit history is a record that shows how well an individual is able to repay debt.
A credit history is a record that shows how well an individual is able to repay debt. A poor credit history indicates that the individual might find it difficult to take on a loan as they’ve had issues paying in the past. Someone with a good credit history has a record of being able to pay back a loan and therefore would find it easier to take out a suitable loan.
Credit History
A credit history is a record that shows how well an individual is able to repay debt. A poor credit history indicates that the individual might find it difficult to take on a loan as they’ve had issues paying in the past. Someone with a good credit history has a record of being able to pay back a loan and therefore would find it easier to take out a suitable loan.Practical Application Example
“
I wasn't able to get a loan because of my poor credit history. ”
