Credit history Definition
Credit history is a record of an individual's or company's past borrowing and repaying. It will list personal credit currently in the person's or company's name, and risk factors like late payments and bankruptcy. Credit card companies and other lenders look at a credit history to determine if a person or company is likely to repay on time, if not then they can be denied credit. However if a person does have a negative credit history, then a lender may still decides to issue them credit, but at a higher APR (Annual percentage rate).