Skip to main content

Course: What is credit?

6 minute read

Personal credit history

If you have ever opened a credit card or received a loan from a bank, you have a credit history.

Your credit history includes details about the types of credit accounts you’ve had, how many credit cards and loans you currently have, your credit limits and your payment history. Basically, it’s the story of your financial life, which tells lenders whether you are a reliable borrower.