bad credit


bad credit
bad credit UK US noun [U]
FINANCE if a person or company has bad credit, they have had difficulty paying back a loan in the past, and a financial institution may decide that it is not safe to lend them money: »

The power company asked for a deposit because of their bad credit.


Financial and business terms. 2012.

Look at other dictionaries:

  • Bad Credit — A qualification of an individual s credit history that indicates that a borrower carries a higher credit risk. A low credit score indicates bad credit, while a high credit score is an indicator of good credit. Creditors who have lent money to an… …   Investment dictionary

  • Credit Repair — is the process of fixing a bad credit report, for whatever reason it deteriorated in the first place. It may be as simple as fixing mistakes with the credit agencies. Identity theft may require extensive credit repair work. The second form of… …   Investment dictionary

  • credit — {{Roman}}I.{{/Roman}} noun 1 arrangement to pay later; money borrowed ADJECTIVE ▪ long term, short term ▪ interest free ▪ foreign ▪ bank ▪ …   Collocations dictionary

  • Credit history — This article deals with the general concept of the term credit history. For detailed information about the same topic in the United States, see Credit score (United States). Credit history or credit report is, in many countries, a record of an… …   Wikipedia

  • credit — an entry made on the right hand side of an account and indicating a gain to a liability, owner s equity or revenue account. Glossary of Business Terms money loaned. Bloomberg Financial Dictionary * * * ▪ I. credit cred‧it 1 [ˈkredt] noun 1.… …   Financial and business terms

  • Credit — Money loaned. The New York Times Financial Glossary * * * ▪ I. credit cred‧it 1 [ˈkredt] noun 1. [uncountable] COMMERCE an arrangement with a shop, supplier etc to buy something now and pay for it later: • They are saving for new furniture… …   Financial and business terms

  • Credit rating agencies and the subprime crisis — Main article: Subprime mortgage crisis Credit rating agencies played a very important role at various stages in the subprime crisis. They have been highly criticized for understating the risk involved with new, complex securities that fueled the… …   Wikipedia

  • credit quality — A measure of a bond issuer s ability to repay interest and principal in a timely manner. rating agencies assign letter designations such as AAA, AA, and so forth ( ratings). The lower the rating, the higher the probability of default. Bloomberg… …   Financial and business terms

  • bad — 1. adjective /bæd/ a) Not good; unfavorable; negative. You have bad credit. b) Seemingly non appropriate, in manners, etc. It is bad manners t …   Wiktionary

  • credit standing — reputation for meeting financial obligations. * * * credit standing noun The reputation of a person or organization for meeting financial obligations • • • Main Entry: ↑credit * * * credit standing, a reputation for good or bad credit …   Useful english dictionary