BNET Business Dictionary
Business Definition for: Credit History
- a potential borrower's record of debt repayment. Individuals or organizations with a poor credit history may find it difficult to find lenders who are willing to risk their taking out a loan.
Additional Resources
- How To Build Credit History And Stay Out Of Debt
- Building a rock solid credit history and staying out of debt go perfectly hand in hand. Many times the perception is that debt is not only a reality, but also a necessity in order to build credit. Technically there is some truth to this, but building an excellent credit history...
- White papers 2008-02-06
- Overcome a Bad Credit History by Making Smart Choices Now
- So, your credit's not great. It may even be bad. And now you want to know how to clean it up. Well, there are no quick-fix solutions when it comes to your credit history. You can't sweep late payments away or toss out charge-off. But with patience and discipline, you...
- White papers 2003-01-01
- For Your Needs, at Low Rates... Cheap Poor Credit History Loans
- Credit history is the reflection of ones sincerity in repaying his debts. This makes it a considerable feature for lenders to look for when a person is looking for loans. If the person's credit score is good then a person is very lucky in terms of loan borrowing as he...
- White papers
- Regulators, Allstate clash over underwriting of credit. (use of credit history in choosing personal lines insurance applicants)
- WASHINGTON - Allstate officials clashed with state regulators during a public hearing on urban coverage over the appropriateness of their practice of using credit history as an underwriting criteria for personal lines insurance applicants. The pra WASHINGTON - Allstate officials clashed with state...
- Research articles 1994-11-07
- Credit History Factors In for Auto Insurance Rates, Companies Say.
- By Adrian Zawada, The Ledger, Lakeland, Fla. Knight Ridder/Tribune Business News Apr. 20--LAKELAND, Fla. -- Checking credit reports and scores has become routine among car insurers when figuring the rates they charge their clients. The reason? Credit...
- Research articles 2004-04-20
- Credit History
- Use this template to track the credit history of your customers. Because it employs no calculations, the template can be used almost as effectively on paper as electronically.
- Tools & templates 2007-09-01
- Microchip Implant to Link Your Health Records, Credit History, Social Security
- Novartis and Proteus Biomedical are not the only companies hoping to implant microchips into patients so that their pill-popping habits can be monitored. VeriChip of Delray Beach, Fl., has an even bolder idea: an implanted chip that links to an online database containing all your medical records, credit history and...
- Blog posts 2009-10-05
- College Kids and Credit Cards: What Every Parent Needs to Know
- The plastic providers have one more chance to lure in college students before next year's law prevents them. Here's how to make your kid "card smart." The era of “No Student Left Behind: Credit Card Edition” will come to an end early next year, thanks to the new credit...
- Articles 2009-09-10
- How Can I Establish--or Rebuild--Good Credit?
- If you do not have a well-established credit history, you should begin to build one. The article says that the trick is to start small: try applying for credit with a local business, such as a department store or a local bank or credit union. These local merchants may have...
- White papers 2003-01-01
- Credit Quandary - How Much Credit Should Creditors Give You?
- Karen King owes $36,000. According to the Wall Street Journal, The amount of credit card debt King is carrying is more than she has ever earned in a year. "Years ago, I lived for now. It was so stupid," the 28-year-old says. "It's depressing, but I can't live that...
- Blog posts 2009-10-13
- Credit Cards: How to Get the Last Great Deals
- Issuers are now approving few new customers and charging steep rates with low credit limits. So say goodbye to those 3.99 percent teaser offers and zero percent balance transfers. “These days, you should not expect to get a $20,000 credit line right off...
- Articles 2009-07-07
- Credit-repair services
- The author of this article says that credit card services are one that belongs to a reputable membership organization and is independently accredited. Credit-repair firms often aim to improve your credit history by taking shortcuts or finding other timesaving measures. Unscrupulous credit-repair services promise to end your credit woes with...
- White papers 2003-09-08
- Understanding Your Business Credit Report
- Like your personal credit history, your company's credit rating is determined by credit reporting agencies - independent companies that assess your credit "Score" based on factors such as payment history and debt load. However, your business credit ratings differ from personal credit ratings in that: Your business score is based...
- White papers 2009-07-24
- Managing Debt And Credit
- Nowadays debt and instant credit are part of our everyday lives. The convenience of instant credit, however, has taken its toll. Many individuals use credit cards to spend more than they earn, and a few of these people actually build themselves a debt prison from which some never emerge. On...
- White papers 2008-01-01
- Better Credit Can Save Cash
- Improving your credit - and paying your bills on time - can save you money. Your credit score is based on your history of using credit and paying your debts. Your personal characteristics such as your income, age, marital status, home state, education or ethnicity have no effect on your...
- White papers 2008-07-28
- Consumer Credit Scoring: Do Situational Circumstances Matter?
- Although credit history scoring offers benefits to lenders and borrowers, failure to consider situational circumstances raises important statistical issues that may affect the ability of scoring systems to accurately quantify an individual's credit risk. Evidence from a national sample of credit reporting agency records suggests that failure to consider measures...
- White papers 2004-01-01
- Sample Disclosure Statement When Checking The Credit Of Prospective Employees
- In some cases, you may want to investigate a potential employee's credit history. If the position you are trying to fill involves handling cash or otherwise managing your business's assets, a credit check is essential. Inability to manage personal credit and finances doesn't mean that an individual will have similar...
- Tools & templates 2004-03-01
- Your Credit History
- As part of the loan application process, virtually all lenders will want to see a copy of the credit report. The report will list all the person's long-term debts (credit cards, mortgage payments, automobile and student loans, etc), as well as his payment history. If the person's does not have...
- White papers
- The Truth About Credit Reports
- This article explains that you know that a mistake on your credit history can ruin you--it may mean higher interest payments, inability to obtain a loan, a credit card or to buy a house. It may even prevent you from obtaining the job you want--because some employers check credit history....
- White papers 2000-01-01
- Credit Cards Ready for Reform? Some Lawmakers Think So
- While most of Washington’s attention is on mopping up the home mortgage mess, federal lawmakers are also launching another heavy-duty cleaning job -- reforming the credit card industry. As you’d expect, the bank and credit card issuers, such as Visa and MasterCard, aren’t happy about this attention...
- Blog posts 2008-09-10
