The phrase "credit situation" refers to the state or condition of a person's or a company's ability to borrow money. It describes whether they have a good or bad track record with repaying loans and managing debt.
A broadly representative history will in most cases be a better predictor of how a consumer will act in the large range of credit situations in the future. (valuepenguin.com)
Every time they try to get out of a bad credit situation on their own, they can be declined or denied. (badcredit.org)
In addition to all that, we can finance you no matter what your current credit situation is. (siryautogroup.com)