Your credit score uses data on how you've handled debt in the past to predict your likelihood of repaying a future loan or credit card balance. (nerdwallet.com)
Just because you have the ability to repay doesn't mean you will, and financial institutions rely on your credit history to see if you have a background of handling your debt well. (finder.com)
When you've handled debt responsibly over a long period of time, your credit score picks up. (theeverygirl.com)