What is credit history?

Your credit history is a record of your debts and payment history as well as your public records including bankruptcies, judgements, and liens.

So, your credit history is everything you have done in the past regarding the use of your credit. It includes the amount of credit you have used, your payment history and habits (whether you make your payments on time), and if you’ve ever had to deal with a collection agency or the legal system in attempt to get you to repay your debts.

Lenders use your credit history to determine whether or not they are going to lend you money. Your credit history is the best way to see your credit risk and whether or not you are going to pay them their money back.

How does someone see my credit history?

Lenders look at your credit history by accessing your credit report. They will assume that your credit report is 100% accurate and will make a decision based off that. The problem with this is often these reports aren’t accurate or are misleading. It is important to review your credit reports regularly to make sure you don’t have any of these inaccurate items on your report. If you do have these items on your reports, you can dispute them by contacting the credit agencies.

You can hire a companies like us to help you clear and ‘rewrite’ your credit history. We help people do this process every day and our clients see amazing results.