Sentences with phrase «know about your payment history»
This is the reason why banks check your credit score at the first place to know about your payment history.
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An auto loan issuer wants to know about your car payment history, for example, while a credit card company is interested in how you manage your borrowing limits.
Lenders and bureaus will not know about timely payment history if the credit card company keeps the information to themselves.
Known as a «hard inquiry,» the process empowers credit issuers to review details about a potential customer's other credit accounts, the balances on them, and payment history, to determine how much risk a potential customer presents if they are offered a line of credit.