A person’s credit history is nothing more than a compiled report showing how they have repaid their debts over the course of the past several years. When a person applies for credit, the loan officer will review the person’s credit history to make a determination of how risky the loan is likely to be. If the credit history shows a boringly repetitive habit of always paying on time, the loan will likely be approved. If the credit history shows an exciting stretch of missed payments, the loan will likely not be approved. Remember that when applying for credit, your opinion of your own credit history isn’t worth much-it’s the opinion of the loan officer that counts.