Credit History
CreditThe record of your borrowing and repayment activity, including accounts, balances, and payment timeliness.
Example
Example: If your credit score is 680 and you are applying for a mortgage, understanding credit history is essential. This concept can affect whether you qualify for the best rates — and the difference between a 6.0% and 7.0% rate on a $350,000 mortgage is over $80,000 in total interest. Check where you stand with our credit score calculator.