Definition of «damaged credit»

The phrase "damaged credit" refers to a situation where a person's credit history or score has been negatively affected. It means that the person has not been able to manage their debts or loans effectively, resulting in a lower credit score. This can make it difficult for the person to get approved for new loans or credit cards in the future.

Sentences with «damaged credit»

  • When the economy took a nose dive, it left people with damaged credit scores. (nation21loans.com)
  • When paying bills, consumers put personal loans first As card rates increase and issuers approve more applicants with damaged credit scores, missed credit card payments are on the rise. (creditcards.com)
  • The borrowers lose their house, but do not damage their credit rating as much as a foreclosure would. (fhaloanpros.com)
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