About Credit History

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Credit history is the documentation of all credit activity of an individual, such as credit card payments, loans and other finance-related activity. Maintain a good credit history with information from a financial manager and currency trader in this free video on finance.

Part of the Video Series: Credit Information & Tips
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Video Transcript

I'm Roger Groh. We're here today to talk about your credit history. What is it? Well if you think about it, if you come to me and ask me to loan you money, I'm going to want to know what's the likelihood I'm going to get paid back? And what's the likelihood that I'm going to be paid back on time? So an industry was founded where if once I've given you money that I will then report to databases whether you've made that I've given you the loan number one and that number two, whether you've paid me on time or you have not. As you go through your credit life borrowing money and paying it back, a car, tuition, whatever it might be, that same data is recorded and that data ends up being your credit history. And I'm Roger Groh.


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