Credit History

What is your credit history? It’s a record of your borrowing and 
repayment on credit and loan accounts. They want to see if you pay on time, how long you’ve had accounts and maintained them, and if there’s any problems, like bankruptcies, tax liens, and accounts in collections. 
Why should we care about our credit history? Your history determines your credit score and your credit score determines how much you’ll pay on insurance, rent, mortgages, ect. To build a good credit score, you’ll need to make all of your loan payments on time, keep the amount of debt you owe below at least 30% and ideally 10% of your total credit limit(s), maintain credit accounts for the long haul, add a mix of accounts over time and manage how often you apply for new credit in a short time-frame. The website usa.gov/credit-reports has links and phone numbers of places that can help you find your score and history. Plus, if you have errors on your report, or need to file a complaint the places are listed with the “how to” information you need.