Definitions for "Bad Credit"
Bad Credit is a term used to describe someone who ... more
A term used to describe a poor credit rating. Common practices that can damage your credit rating include late or missed payments, exceeding the limit on cards, defaulting on loans or declaring bankruptcy. "Bad Credit" can result in the denial of future credit.
Bad Credit is a credit rating term. If you've not paid back a loan or missed a credit card payment you may be labelled as a bad credit risk by some financial companies. This can make it difficult to arrange loans or other finance, and usually means you will pay more interest on any loan you take out.
Keywords:  risky, believe, situation, history, due
A situation in which lenders believe that, due to a borrower's bad history, further loans to this person would be especially risky.
Keywords:  england, let, black, buy, balance
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