Definitions for "impaired credit"
The result of a reduction in the credit rating of a borrower.
Impaired credit mortgages are specialist loans for customers whose credit problems disqualify them from using the lenders' standard products. Some lenders specialise in loans such as these, which are also known as 'non-status' loans.
Also known as "Derogatory Credit". A measurement used by lenders to determine any changes to the interest rate charged on an adjustable rate mortgage.
Keywords:  insolvent, interest
insolvent interest