The statements 'a good credit history results in lower interest rates' and 'a good credit history makes borrowing easier' are reasons for a positive credit history. Both reasons are fundamental for obtaining credit.
The credit story is the record that a person has to obtain funds in financial and/or bank institutions.
Credit history also refers to the history of payments that a borrower has on his/her debts in the past.
Positive credit history is fundamental to obtaining credit in a bank because it makes borrowing easier for the fund institution.
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