11/12/2020
A. Credit Is Trust.
Noone wants to lend money without knowing if it will come back. Financial Institutions use your credit history (amounts you’ve been trusted with, on time payments, and age of accounts) to show how 𝘵𝘳𝘶𝘴𝘵𝘸𝘰𝘳𝘵𝘩𝘺 you are with their money.
New credit can look similar to bad credit as having no credit history doesn’t inspire trust.