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Stock impact report

What is credit history, and why does it matter? [Yahoo! Finance]

TransUnion (TRU) 
Last transunion earnings: 4/28 06:50 am Check Earnings Report
US:NYSE Investor Relations: investors.transunion.com
Company Research Source: Yahoo! Finance
Your credit history is a detailed record of how you've borrowed and repaid money over time. It plays a major role in determining not just whether you're approved for credit, but how much it will cost you. Learn more about how credit history works and how it can impact your financial opportunities. What is credit history? Your credit history is a record of how you've managed debt over time, including credit cards and loans. Your full credit history can be found in your credit reports . For each debt shown in your reports, you'll find the following information: Date of account opening Status of account (e.g., opened, paid and closed, or charged off) Whether you made your payment each month Account balance Over the years, I've heard many people claim that their credit history includes negative information from decades ago. But this is actually a common credit myth . The truth is that most negative information has to be removed from your credit reports after seven years Show less Read more
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