Glossary of terms commonly used in the Wallet

credit history

how to read
How to read in Japanese: credit history

Credit history is the history of credit card usage registered with credit bureaus. In general, personal identification information such as name and gender, and contract details such as contract date and product name are registered.

When a cell phone handset is purchased in installments, it becomes an installment contract and is registered with the credit bureaus, so many Japanese people will have some kind of credit history.

Prolonged delinquency will give a bad impression of your credit history and make it more difficult to be approved for a loan. On the other hand, the absence of any registration in the credit bureaus is called “white information” or “super white”.

For example, those in their 30s and 40s who may have a history of credit card use and have no credit history on file should be wary.

This is because they may suspect that you may not be able to use credit cards because of personal bankruptcy, etc., which may make it more difficult for you to get approved for a loan.

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