Why is having a long credit history with a few blemishes that were corrected better than a short history that is clear? No plagiarizing, please, thank you!

Lenders don't like risk because it can lose them money, so they're cautious on who they're lending to. They do this by checking people's credit history. They prefer people who have longer credit history even with a few blemishes that are corrected rather than lending to people who have a short clear history mainly because they have little to no experience and can be unpredictable what they may do.

Explanation:

its simple as this, microeconomics is the study of economics at an individual, group or company level, macroeconomics on the other hand, is the study of a national economy as a whole.

hope it =^-^=