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 know your credit rating checking with the local credit bureau and getting a copy of the report would be the first step towards this end. Absence of credit history affects young and old. The problem of not having a credit history is also common among divorcees and widowed women as they might have shared the accounts with their spouse and that were reported in the latter