glossary

credit history

Credit history, also known as a consumer report or consumer information, is the information a consumer reporting agency has about:

  • the money you’ve borrowed from businesses, such as credit card companies or banks
  • the bills that you pay regularly, like your rent or your hydro bill

For example, if you have a mortgage, the credit reporting agency will have detailed information about the money you borrowed and the bills you pay, including:

  • the amount of your mortgage or line of credit
  • the interest rate you pay on your borrowed money
  • the repayment schedule for the borrowed money
  • if you paid your bills in full and on time
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