Payment History
Definition
The month-by-month record of whether you repaid credit on time; generally the most important factor in a credit score, shown via DPD on your report.Payment history is the record of whether you have paid your loans and credit cards on time and in full. TransUnion CIBIL treats repayment history as a key factor, and it generally carries more weight than any other. On your credit report it appears as a month-by-month Days Past Due (DPD) figure per account — '000' or 'STD' means paid on time, while a number shows how many days late a payment was. Statuses such as 'settled' (lender accepted less than the full amount) and 'written off' (debt considered unlikely to be recovered) are damaging, unlike a healthy 'closed' account.
Related guides
Related terms
- CIBIL Score — A 3-digit credit score from 300 to 900 issued by TransUnion CIBIL that summarises an individual's credit history.
- Credit Report — A detailed record of a person's borrowing and repayment history maintained by a credit bureau.
- Credit History — The age of credit — how long you have held and managed credit accounts; a longer, well-managed history is generally viewed favourably.
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