Formed in 1985, MAGNIT evolved from playing prog rock covers of classical pieces to energetic hard rock and, finally, to the relentless power metal of their lone vinyl release, ?Dies Irae.? Following that album, in 1989, the band underwent a schism, and for a while there were two parallel bands operating under that name. Alexander Bobrov, the visionary founder of MAGNIT, assembled a new group of musicians and recorded a follow-up album called "Paying for everything", which was first issued as a reel-to-reel tape in 1990 under the MAGNIT name, but changed it to CREDO for the vinyl edition. Formally released in 1991 by the Russian Disc label, the only CREDO album, was by far the most ambitious and technically proficient recording in the MAGNIT / CREDO catalog. It represents the culmination of the band?s output, traversing the full spectrum of its sound. Sophisticated guitar and keyboard work permeate the record, with lengthy instrumental passages showcasing the superb musicianship. Like the music, the richly poetic lyrics transcended the usual heavy metal subject matter, focusing on more philosophical themes. After the release of this album, CREDO continued writing new material and recorded demo tracks in anticipation of a second album but disbanded before its completion, leaving the demo tracks unreleased.