Here's part of a conversation:
Mrs. Parker: Can't we get a loan from the bank?
Mr. Parker: Actually, I asked them the other day.
Mrs. Parker: What did they answer?
Mr. Parker: They said I didn't have enough credit with the bank.
I looked credit up in Merriam-Webster's Learner's Dictionary and found the following:
a record of how well you have paid your bills in the past
Is this the right meaning in this context?