Meaning Bad credit
What does Bad credit mean? Here you find 5 meanings of the word Bad credit. You can also add a definition of Bad credit yourself
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Bad creditA term used to describe 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.
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Bad creditA term used to describe an individual's credit worthiness. Typically, an individual with a credit score of less than 620 would be considered a higher than normal credit risk and therefore, possessing bad credit.
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Bad creditA situation in which lenders believe that, due to a borrower’s poor history of repaying his or her debts, further loans to this person would be especially risky.
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Bad creditIf someone has a history of defaulting on repayments they may be considered a bad credit risk for further borrowing
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Bad creditA below average credit score that can indicate risk to some lenders. It is still possible to secure a loan with bad credit.
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