Term
Credit history
The record of what you have borrowed and how you paid it, kept by credit bureaus. It is what a bank reads before lending you money for a car, a flat or a business.
In pesos: Two years of paying a small card in full is worth more at 22 than never having borrowed at all.
Where to go deeper
4/4 6 min Read Your first credit card (and how not to wreck yourself) What the CAT really is, why the minimum payment is a trap, how the interest starts running, and what a credit history buys you later.More terms on the same topic
Educational content only: not financial, investment or tax advice. The numbers are examples to understand the idea, not a forecast or a recommendation.