CFinance glossary

Credit History

Quick definition

A record of borrowings and repayments.

Overview

A credit history records all the borrowings and repayments of a person or business, and influences their ability to borrow in the future.

Common Uses

  • Assessing creditworthiness
  • Access to credit
  • Loan terms

Examples in Small Businesses

  • Loan applications
  • Negotiating with suppliers
  • Evaluating partnerships
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