In much the same way that a resume displays your work experience to a prospective employer, a credit report provides prospective creditors (and in some cases employers and insurers too) with a detailed
picture of your credit history.
Though your FICO ® score captures a pretty accurate
picture of your credit history, not every account is recorded.
From February 2018, some banks will be putting additional information about the credit products you hold on your credit report which will give a more complete
picture of your credit history.
However, the broad
picture of your credit history should be relatively consistent.
Not exact matches
Reynier takes on Irish whiskey with
credit in the bank Does this
picture, taken today, show a turning point in the
history of Irish whiskey?
Your
credit history gives a detailed and unique
picture of your financial
history that will not be the same as his.
Your
credit history is a complete
picture of your financial life over the past few years, or however long you've used
credit.
Simply put, your
credit history is viewed as a good
picture of your trustworthiness and responsibility.
Your
credit history can be built quickly with the help
of credit cards, creating a positive financial
picture.
This will make it possible for families and individuals with little or no
credit to build
credit scores based on the complete
picture of their rental payment
histories.
If your
credit history has been limited to only one type
of credit it does not show how well you manage your overall
credit picture.
Upstart factors in different variables to get a better
picture of its borrowers — including where they went to school and work
history — which helps them provide a more reasonable loan rate than what is typically offered to people with limited
credit history or low scores.
FHA guidelines evaluate the «big
picture»
of the borrower's
credit history, so if there are isolated incidents
of credit problems, they are often over looked.
A longer
credit history provides more information and offers a better
picture of long - term financial behavior.
We believe the vast majority
of people are financially responsible and that reviewing applications based strictly on
credit history never shows the full
picture.
Carefully reviewing your
credit history annually can help you ensure that lenders see only the most accurate
picture of your financial health.
15 % — is defined by
credit history — an overall
picture of your
credit applications and payments.
As a result, it said, consumer reporting agencies might not be able to compile complete consumer reports, thus potentially creating an inaccurate
picture of a consumer's
credit history that could be used to make future
credit decisions about the individual.
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history of the
credit card.
They need to look at the whole financial
picture of an individual, including their length
of employment and
credit history.
A
credit, criminal, and eviction
history check gives you a more complete
picture of your applicant's background and their likelihood to pay on time.
A background check is a necessary part
of a full tenant screening process that should also include a landlord
credit check (to give you the financial
picture on your tenant) and an eviction report (to get more insight into their rental
history).
Because downpayment size is not the best indicator
of whether a borrower has the ability to repay, the enterprises (Fannie Mae and Freddie Mac) will also evaluate the full financial
picture of a borrower, including
credit histories and other compensating factors.