The up-to-date accumulation of how you have used your credit. Your credit score is based on your credit file. If you use your credit responsibly, your credit history will be more positive than if you default on your loans or make your payments after the deadline.
Also referred to as "credit report", "credit history" or "credit record".
Timely payment of your debts can have an amazingly positive effect on your credit report. It's much easier to borrow money when your credit report reflects that you pay on time. Check your credit report for errors once a year -- you are allowed a free credit report check from each of the three credit bureaus annually.
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