If you have established credit,you have a credit record that financial institutions can access to check if you are a good credit risk.

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This statement is true. Having established credit means that you have a credit history that financial institutions can review to determine your creditworthiness. This credit record typically contains information on your past borrowing and repayment behavior, including whether you have made payments on time, how much debt you currently have, and how long you've had credit accounts. Based on this information, lenders can make an informed decision about whether or not to loan you money or extend you credit.

If You Have Established Credit,you Have a Credit Record That