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Why is having a long credit history with a few blemishes that were corrected better than a short history that is clear?

2 Answers

9 votes

Answer:

A long history with corrected blemishes exhibits that though mistakes were made, they were corrected which allows for those viewing your credit history to know that you've learned to fix mistakes making you trustworthy and experienced.

Step-by-step explanation:

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User Raj Verma
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A long history with corrected blemishes exhibits that though mistakes were made, they were corrected which allows for those viewing your credit history to know that you've learned to fix mistakes making you trustworthy and experienced.
User Adrien Piquerez
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