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What is a credit history?
The credit history of a person is the record of whether this person has paid his or her loans, and how promptly.
Which of these makes it easier for a person to get a credit card?
A good credit history
What is the purpose of credit report check?
The purpose of a credit report check is to check how a person manages their credit obligations and if they have any history of not paying. If one has bad history then it is more of a risk for a company to give that person credit.
What would be the reason to obtain a no credit history credit card?
A person may wish to obtain a no credit history credit card if they have experienced financially difficulties in the past and therefore are concerned that they may have a poor credit history.
What does credit limit mean?
Limited credit experience means that a person does not have much in the way of credit history. This means that a person has used credit as payment in the past, but not to a great deal.
Definition of credit investigation?
A credit investigation is the process of investigating whether a person's credit has been compromised. This normally happens when a person reports and unauthorized transaction.
What happens when you have a bad credit history?
When you have a bad credit history it's hard for you to get loans and other financial assistance. It basically hampers you're personal finance.
What does limited credit experience mean?
Limited credit experience means that a person does not have much in the way of credit history. This means that a person has used credit as payment in the past, but not to a great deal.
What factors contribute to determining a person's tec credit score?
Several factors contribute to determining a person's credit score, including their payment history, amount of debt, length of credit history, types of credit used, and new credit inquiries. These factors help lenders assess a person's creditworthiness and ability to repay loans.
How are credit scores rated and what factors determine a person's credit score?
Credit scores are rated on a scale from 300 to 850, with higher scores indicating better creditworthiness. Factors that determine a person's credit score include payment history, amounts owed, length of credit history, new credit, and types of credit used.
Where can one obtain a free credit history check?
A person can obtain a free credit history check from several different places. Some of these places include Credit Karma, Credit Sesame, and Experian.
What does it mean to establish credit?
if something ever happens to the person witht he credit then the creditor takes care of it.
