If any of you have ever used traditional credit, such as a car loan, a school loan, or opened a credit card account, you have a credit record on file. The record includes whether you make timely payments and the amount you still owe.
These records of accounts and payment habits over time become your credit history. This history may be reviewed periodically by current lenders and creditors. Additionally, this history is accessed and reviewed every time that you apply for new credit or the extension of additional credit.
These records of accounts and payment habits over time become your credit history. This history may be reviewed periodically by current lenders and creditors. Additionally, this history is accessed and reviewed every time that you apply for new credit or the extension of additional credit.
