What does Credit History mean?

Credit history is a record of a person's borrowing and repayment activity. Credit history is used by lenders and other financial institutions to assess a person's creditworthiness, or their likelihood of repaying a debt. Credit history is typically based on information that is reported to credit bureaus, such as credit card balances, loan payments, and bankruptcies. Credit history is an important factor in determining a person's credit score, which is a numerical representation of their creditworthiness.

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Cost-Plus Contract Convertible Adjustable-Rate Mortgage Capital Expenditure Growing-Equity Mortgage Assignor Title Risk Utilities Availability (In a Lease) Value/Price R-Value Seller Take-Back Custom Home Tax Shelter Deed of Trust Interest Rate Veterans Administration (VA) Chattel Mortgage Abstract of Judgment, Law Add-On Interest