Credit history

A credit history is a record of a borrower's responsible repayment of debts. A credit report is a record of the borrower's credit history from a number of sources, including banks, credit card companies, collection agencies, and governments. A borrower's credit score is the result of a mathematical algorithm applied to a credit report and other sources of information to predict future delinquency.

In many countries, when a customer fills out an application for credit from a bank, credit card company, or a store, their information is forwarded to a credit bureau. The credit bureau matches the name, address and other identifying information on the credit applicant with information retained by the bureau in its files. The gathered records are then used by lenders to determine an individual's credit worthiness; that is, determining an individual's ability and track record of repaying a debt. The willingness to repay a debt is indicated by how timely past payments have been made to other lenders. Lenders like to see consumer debt obligations paid regularly and on time, and therefore focus particularly on missed payments and may not, for example, consider an overpayment as an offset for a missed payment.

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Buy Now, Pay Later Loans Can Now Appear on Your Credit Report

The Modesto Bee 04 Apr 2025
Most BNPL borrowers already struggle with credit ... Without a credit file, they struggle to get basic financial products like credit cards, mortgages and other financing ... What Is ‘GoodDebt and How Can It Improve Your Finances?.
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Best No-Appraisal Home Equity Loans of April 2025 chevron-down chevron-up chevron-down chevron-up chevron-down chevron-up chevron-down chevron-up

Ledger Enquirer 31 Mar 2025
Funding in as few as 5 days Use to consolidate debt or finance your next project 100% digital app & online appraisal for good/excellent credit ... Many homeowners are sitting on a good amount of equity ...
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Risks to PH financial system need watching

The Manila Times 27 Mar 2025
... loans, including credit card debt." ... Looser financing conditions could also enhance availability of credit, allowing for increased investments and savings that could serve as a buffer against shocks.
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Microfinance companies inject EGP 80.4bn into MSMEs in January 2025: FRA

Daily News Egypt 23 Mar 2025
This was followed by the electrical appliances and electronics sector at 18.7%, household appliances at 17.1%, consumer goods financed through credit cards at 12.4%, and purchases of clothing, shoes, ...
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Gracy Thomas, Queens resident who lived an American success story after emigrating from India, dies at 82

Newsday 20 Mar 2025
"First and foremost, she always credited all their success, all the goodness, to faith She definitely had a lot of grit. No matter the circumstance, whether finances were not so good, no matter ...
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