Credit History

Definition of "Credit history"

Bill Euler
  RE/MAX Innovations

History of an individual's credit financial transactions including a detailed payment analysis. The creditor history is critical for performing a credit analysis to develop a credit rating. A credit history record of prompt and timely payments is important for a strong credit rating. A credit history is kept by major credit rating organizations and is accessible for a fee by commercial organizations as well as by individuals under terms of the Consumer Credit Protection Act.

Search Real Estate Glossary

Related Real Estate Glossary terms

Related Real Estate FAQ