Definition of Credit History

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TeachMeFinance.com - explain Credit History



Credit history -- history of an individual's debt payment; lenders use this information to gouge a potential borrower's ability to repay a loan.

another definition...

Credit History -- The history of an individual's debt repayment. For most types of loans, lenders use this information to gauge a potential borrower's ability to repay a loan.



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Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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