Credit History
What is a credit history?
If you have ever borrowed money or had credit cards before, you have a history that shows potential lenders whether or not you are a good credit risk. Did you pay off your loan ahead of time or late every month? How many credit cards do you have? What is your job history?
It's easy to get credit if you already have a good credit history and a good credit rating or credit score, but if you do not have a history, you will need to build your credit history. If you have a bad credit history, then you may still be able to get a 'bad credit' credit card, and you should in order to start rebuilding your credit history, even if it has a high APR or other fees or charges.
See also:
What is a credit rating?What is a credit score?
How do I establish credit?
How do I apply for a credit card?
What is a secured credit card?
Last update: 2006-09-27 11:55
Author: BKO
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