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16 August, 12:08

Why is having a long credit history with a few blemishes that were corrected better than a short history that is clear? read more >>?

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  1. 16 August, 13:01
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    Having a long credit that will be corrected is better that a short credit that is clear is simply because with long credit history, a prospective lender can see how you have operated your credit facility over a considerable period. Nobody's credit history is perfect - everyone has at least 1 or 2 lapses on their record. Have short history of your credit doesn't show patterns or trends of persistent late payments.
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