Credit history may be defined as a record of how a person has borrowed the debt and repaid the same over a period of time. A good credit history is an important aspect of your life.
Keeping a good credit rating is of immense importance to maintain the quality of life. It helps you to have easy access to loans at competitive rates of interest and with lesser formalities.
Establishing a credit history is the first step towards having a good credit rating. If you do not kn…