Credit History

partial profile of your financial life given within a particular time frame (usually measured in years). It shows the extent to which you pay your bills on time and how much you may owe particular parties.

A record of an individual’s debts and payment habits which helps a lender determine whether a potential borrower is like to repay a loan in a timely manner.

A record of an individual's repayment of debt. Credit histories are reviewed my mortgage lenders as one of the underwriting criteria in determining credit risk.

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