Resources > Glossary > Credit History

Glossary of Notary Public, Mortgage, Signing Agent, and Loan Signing Terms.

0-9  A  B  [C]  D  E  F  G  H  I  J  K  L  M  N  O  P  Q  R  S  T  U  V  W  X  Y  Z  
Common Terms 1   Common Terms 2

Credit History

Function: noun

Definition 1:
A record of an individual's open and fully repaid debts. A credit history can be used to determine whether a potential borrower has a history of repaying debts in a timely manner. It also informs a lender as to the degree that a borrower's equity is already leveraged and if they have heavy credit card debt or car loans.