Your credit history is like a report card of how you’ve handled borrowed money. Banks, lenders, and even landlords use it to decide if they can trust you with credit. A good history opens doors — a bad one can close them fast.
✅ 5 Things to Know About Credit History:
- It records how much you borrowed and how well you repaid.
- Late or missed payments stay on your record for years.
- It influences your credit score, which lenders use for decisions.
- No history at all can also be a problem — they can’t judge you.
- Building a good record takes time, but bad habits damage it quickly.
👉 Credit history is your financial reputation — guard it carefully.