Credit history is a record of a person's borrowing and repayment activities. It includes information about credit cards, loans, and payment history, showing how reliably a person has paid back borrowed money. Lenders use this information to assess the risk of lending money to an individual. A good credit history can lead to better loan terms and lower interest rates, while a poor credit history may result in higher rates or loan denials. Credit reporting agencies, such as Equifax, Experian, and TransUnion, compile this information to create credit reports that lenders review when making decisions.