A term used in credit scoring.
Describes someone who is regarded by credit issuing companies as being high risk to lend to, due to current or prior problems in paying bills.
A term used to describe a poor credit rating. Common practices that can damage a credit rating include making late payments, skipping payments, exceeding card limits or declaring bankruptcy. Poor credit can impact your ability to get a loan and often impacts your rate if you are approved.
Credit rating term. A bad credit rating is caused by making late payments, exceeding creidt limits, declaring bankruptcy, or skipping payments. Bad credit often results in lenders declining credit applications or higher interest rates..
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A term used to describe a poor credit rating – something you want to avoid! Some of the ways you can damage your credit rating are making late payments, skipping payments, exceeding your credit card limits or declaring bankruptcy. “Bad Credit” can result in being denied credit in the future so be sure and build your credit through smart spending habits and paying your bills on time.
Bad Credit is the term used to describe someone who is considered a high risk to lenders and other finance companies such as issuers of credit cards. One of the most common reasons for having a bad credit rating is that, at some point in the past, you've got into financial difficulties and missed payments, defaulted on a loan or hire purchase agreement, or had debt recovery proceedings started against you. You can also have a 'bad' credit rating if you have no financial history at all - this is called 'no credit' and is common with young people, divorcees and others who have not entered into credit agreements previously.
Refers to poor credit ratings. Bad credit is caused by non-payment/late payment of installments or spending beyond credit card limit. A bad credit history can result in loan rejection.
This another term used to describe Credit Problems due to an adverse credit history. CCJ's, Mortgage Arrears and other credit debt repayment problems leads to a Bad Credit Rating. Bad Credit is more of an American term with the UK more commonly using Poor Credit. When used to describe: Bad Credit Homeowner Loans they mean Loans for people with Credit Problems or a Poor Credit History Secured Homeowner Loans.
Any late payments that appear on a person's credit report.
A term used to describe a poor credit rating. Common practices that can damage a credit rating include making late payments, skipping payments, exceeding card limits or declaring bankruptcy. “Bad Credit†can result in being denied future credit.
Used to describe a poor credit rating. This happens when borrowers either fail to make loan or other repayments or make them late, borrow more than they can afford to repay, are/have been declared bankrupt, or have CCJ's against their names.
A credit rating term. If you’ve defaulted on a loan or missed a credit card payment, for example, you can easily be labelled as a bad credit risk by financial companies. This can make it more difficult to arrange loans or other finance, and usually means you will pay more interest on any loan you take out.
A term for a low credit rating. Your credit rating can be damaged by making late payments, missing payments, or declaring bankruptcy.
Bad credit is something that a person will have if they fail to make the required repayments to creditors.
Bad Credit is a term used to describe the credit rating of a person with a history of loan defaults or credit card and mortgage arrears.
A rating you receive when you default on loan obligations. A bad credit rating can affect your chances of being approved for future loans.
Bad Credit is a credit rating term. If you've defaulted on a loan or missed a credit card payment then financial companies may label you as a bad credit risk. This can make it more difficult to arrange loans or other finance, and usually means you will pay more interest on any loan you take out.
Bad credit, which is also known as poor credit and adverse credit results when the borrower has bankruptcy or repossession in his credit file.
This term seems negative in connotation but simply refers to a credit history that, for whatever reason, has not been able to stay on track.
When you have bad credit, you have a poor credit rating, and you can be turned down when you apply for credit. This is caused by making late payments, skipping payments altogether, exceeding your credit card limits or declaring bankruptcy.
Common practices that can damage a credit rating such as making late payments, missing payments, exceeding card limits or declaring bankruptcy
Bad Credit is a credit rating term. If you've defaulted on a loan or missed a credit card payment you can easily be labelled as a bad credit risk by financial companies. This can make it more difficult to get another loan or other form of finance.
A negative rating from the credit reporting agencies. Many factors can contribute to someone getting a "bad credit" rating, among these are non-payment of an account or late payments over an extended length of time. Whether non-payment of an account is willful or due to financial hardship, the result can be the same, a negative rating. However, lenders are more willing to work with individuals if the person contacts the lender to let them know they are having problems meeting their commitment to pay.