Definition of «individual with poor credit»

An individual with poor credit is someone who has a history of not paying their bills on time or defaulting on loans, which results in a low credit score. This can be due to various reasons such as job loss, medical expenses, overspending, or personal financial mismanagement. As a result, they may have difficulty obtaining new lines of credit, renting an apartment, or even getting hired for certain jobs because their poor credit history indicates that they are financially irresponsible and likely to default on future payments as well.

Sentences with «individual with poor credit»

  • So go ahead and take a look and find the correct debt consolidation loan for individuals with poor credit for you and your needs, it's worth it. (lizloans.com)
  • Even though we live in a time of economic recession, there are lenders who are willing to take on the risk involved in lending to individuals with poor credit histories. (badcreditloanservices.com)
  • They do not have to follow a strict code and can, therefore, offer credit to low - income earners and individuals with poor credit score. (mortgagebrokerstore.com)
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