Credit History

Credit History is the term used to describe a section of information appearing on a credit report.  Creditors report payment patterns to credit reporting agencies, which assemble this information into individual reports.  Maintaining a good credit history makes it easier to borrow money from creditors.  A poor credit history can make it difficult to even obtain small loans, and increases the likelihood of paying higher interest rates.

Employers often check an individual's credit history before making a hiring decision.  Credit history is also the basis for determining a credit score.  For all these reasons, it is important to make sure the credit reporting agencies have an accurate account of your credit history.