Credit History
/ˈkrɛdɪt ˈhɪstəri/
Definitions
- (n.) A record of a borrower's past borrowing and repaying activities, including loans, credit cards, and payment history, used to assess creditworthiness.
Before approving the loan, the bank reviewed her credit history to evaluate her risk.
Forms
- credit history
Related terms
See also
Commentary
Typically used in financial and legal contexts involving lending; important to verify accuracy as it impacts legal obligations and rights regarding credit.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.