What is a Credit History?

A Credit history, Credit Score or Credit reputation all being one and the same used interchangeably represent the status presented in regard to the total worth of money owed, lent, repayment history. Those with a negative credit history or score may find it difficult if not impossible to have extensions of credit offered to them or to receive a loan. Whereas a positive credit history is seen by creditors and lenders as a positive and are more likely to extend credit or make funds available.

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