Length of Credit History
What does it mean
Within a Credit Report, the Length of Credit History denotes the duration an individual has been utilizing credit. A more extended credit history tends to be a more reliable indicator of financial success compared to a shorter one.
Why does it matter
Understanding the factors that influence a person's credit score is crucial, as this score has a widespread impact on various aspects of life. Sharing this knowledge with your customers can set you apart from your competitors.
Other Relevant Terms
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A bit about me
Greetings! I'm Clay Sharkey, and there is nothing I like more than assisting others in achieving their goals. I firmly believe that by enhancing a banker's understanding of their customer's' business, they can provide superior service. This superior service, in turn, leads to stronger relationships for the bank, improved performance for the businesses, and better experiences for our communities. Win-win-win.
