ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -Credit history is a record of your ability to repay debts and demonstrated responsibility in repaying them.

Detailed explanation-2: -A: A credit report is a record of your credit history that includes information about: Your identity. Your name, address, full or partial Social Security number, date of birth, and possibly employment information. Your existing credit.

Detailed explanation-3: -What is a Credit Check? Employee Credit check, simply put, is when an employer pulls out the financial records of an applicant or current employee, to have an overview of their financial history.

Detailed explanation-4: -A credit history is a record of a borrower’s responsible repayment of debts. A credit report is a record of the borrower’s credit history from a number of sources, including banks, credit card companies, collection agencies, and governments.

Detailed explanation-5: -Within your credit reports, your payment history shows payment information about your credit accounts and might include things like: The number of accounts you’ve paid on time. How long overdue your payments are or have been in the past. The number of times that past due items appear in your credit history.