A good credit history means you have never missed a loan payment and you always pay on time.
A bad credit history can stay on file for seven years, and it can keep you from getting future loans, so it's important to keep a clear credit history.

Question

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A good credit history is established by consistently making payments on time and never missing payments, which demonstrates to lenders that you are a reliable borrower. A bad credit history, which includes missed payments, defaults, and bankruptcies, can indeed remain on your credit report for up to seven years, negatively affecting your ability to secure loans or credit in the future.

A Good Credit History Means You Have Never Missed a Loan