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