credit history

A credit history is a record of how you've managed borrowed money and repaid it over time. It includes details like credit cards, loans, and payment habits. This record is maintained by credit bureaus and helps lenders evaluate your ability to repay future debts. A good credit history shows responsible borrowing and timely payments, making it easier to secure loans or favorable interest rates. Conversely, missed payments or defaults can negatively affect your credit profile. Overall, your credit history reflects your financial reliability and influences your ability to access credit when needed.