Definitions for credit history
cred·it his·to·ry

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1. Credit history

   This article deals with the general concept of the term credit history. For detailed information about the same topic in the United States, see Credit score in the United States.A credit history is a record of a borrower's responsible repayment of debts. A credit report is a record of the borrower's credit history from a number of sources, including banks, credit card companies, collection agencies, and governments. A borrower's credit score is the result of a mathematical algorithm applied to a credit report and other sources of information to predict future delinquency.In many countries, when a customer submits an application for credit from a bank, credit card company, or a store, their information is forwarded to a credit bureau. The credit bureau matches the name, address and other identifying information on the credit applicant with information retained by the bureau in its files. The gathered records are then used by lenders to determine an individual's credit worthiness; that is, determining an individual's ability and track record of repaying a debt. The willingness to repay a debt is indicated by how timely past payments have been made to other lenders. Lenders like to see consumer debt obligations paid regularly and on time, and therefore focus particularly on missed payments and may not, for example, consider an overpayment as an offset for a missed payment.

WikidataRate this definition:0.0 / 0 votes

1. Credit history

   Credit history or credit report is, in many countries, a record of an individual's or company's past borrowing and repaying, including information about late payments and bankruptcy. The term "credit reputation" can either be used synonymous to credit history or to credit score. In many countries, when a customer fills out an application for credit from a bank, store or credit card company, their information is forwarded to a credit bureau. The credit bureau matches the name, address and other identifying information on the credit applicant with information retained by the bureau in its files. That is why it is very important for creditors, lenders and others to provide accurate data to credit bureaus. This information is used by lenders such as credit card companies to determine an individual's credit worthiness; that is, determining an individual's ability and track record of repaying a debt. The willingness to repay a debt is indicated by how timely past payments have been made to other lenders.

How to pronounce credit history?

1. Alex

   US English

   David

   US English

   Mark

   US English

   Daniel

   British

   Libby

   British

   Mia

   British

   Karen

   Australian

   Hayley

   Australian

   Natasha

   Australian

   Veena

   Indian

   Priya

   Indian

   Neerja

   Indian

   Zira

   US English

   Oliver

   British

   Wendy

   British

   Fred

   US English

   Tessa

   South African

How to say credit history in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of credit history in Chaldean Numerology is: 6

2. Pythagorean Numerology

   The numerical value of credit history in Pythagorean Numerology is: 2

Examples of credit history in a Sentence

1. Melekot Abate:

   Most individuals have very little credit history or assets to seize so banks are unwilling to take the risk.

2. Pastor Stephen Hayes:

   Not only is the debt itself gone and paid, but also, any negative impact that debt has had on their credit history is wiped clean, it’s the easiest decision we’ve ever made.

3. Melekot Abate:

   It's hard to tap into the credit market in Kenya, most individuals have very little credit history or assets to seize so banks are unwilling to take the risk.

References

1. ^ Wikipedia
   https://en.wikipedia.org/wiki/Credit_History
2. ^ Wikidata
   https://www.wikidata.org/w/index.php?search=credit history