Question

Explain the reasons credit has evolved.

Answer 1

A credit history is the record of how a person has managed his or her credit in the past, including total debt load, number of credit lines, and timeliness of payment. Lenders look at a potential customer's credit history to decide whether or not to offer a new line of credit, and to help set the terms of the loan.

Explanation:

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Answer 2

Explanation:

i am not cleared qustion.