A payment history is a detailed review of what an individual has spent in a certain amount of time. For example, if you have used your credit card frequently throughout the month you can always request a payment history from your bank or credit card company to see what you have spent your money on while using your credit card.
Viewing your payment history is always a good idea when you are trying to keep records of everything you have spent. Most individuals also view their payment history so they can maintain a monthly budget easier or so they can figure out which places and products they are spending their money on the most.
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