credit history

Definition of "credit history"
  1. A record of a person's past loan repayment behavior, used by lenders to assess the potential risk of lending them money
How to use "credit history" in a sentence
  1. His poor credit history prevented him from securing a mortgage.
  2. Maintaining a good credit history is essential for obtaining loans with favorable interest rates.
  3. Her consistent payment of bills contributed positively to her credit history.

Provide Feedback
Browse Our Legal Dictionary
# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z