The term "poor credit" refers to a person's or entity's lack of ability to obtain loans, pay bills on time, or otherwise demonstrate responsible financial behavior. This can result in negative marks on their credit report and lower credit scores, making it difficult for them to secure financing at favorable rates or even at all. Poor credit is often associated with missed payments, high debt-to-income ratios, collections, judgements, and bankruptcies. It can have a significant impact on an individual's financial future, as it may limit their ability to purchase homes, cars, or other large purchases, as well as make it more expensive to borrow money in the future.