Investment dictionary

BAD CREDIT

Bad Credit: translation

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 individual with bad credit face a higher risk of that individual missing payments or defaulting.

An individual's credit history is dependent on a number of factors, including the amount borrowed, the amount of available credit remaining and the timeliness of payments. An individual may have bad credit if he or she does not make timely payments or has defaulted on a loan during a period of time. Having bad credit makes it more difficult or costly to obtain loans, such as mortgages, from financial institutions.

  1. bad credit—bad credit translation bad credit UKu USu nounu [Uu] FINANCEu if a person or company has bad credit they have had difficulty paying back a loan in the past and a financi...Financial and business terms
  2. bad credit—банк. фин. плохая кредитная репутацияu о лице с низким кредитным рейтингом напр. о лице с плохой кредитной историей о лице в нестабильном финансовом положении о лице не с...Англо-русский экономический словарь