What is the difference between a good and a bad credit history?
- A good credit history shows a borrower has honored their credit payments.
- A bad credit history means payments were too low or were not made on time. In this case lenders may not approve future applications for loans or credit.
![](https://crb.co.ke/wp-content/uploads/2021/04/bad_credit_history.png)
3. Can you recover from bad credit?
Yes you can recover from bad credit in the following ways:
- Make your loan repayments on time
- Set up payment plans with lenders