Phrases with «low credit rating»

A "low credit rating" refers to a poor assessment of someone's ability to repay borrowed money on time. It indicates that a person may have a history of not managing their debts responsibly or struggling to meet their financial obligations. As a result, lenders may hesitate to provide them with loans or credit cards due to the perceived risk of not being paid back. Full definition

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Sentences with «low credit rating»

  • Some studies find that people with lower credit ratings file more claims, which obviously makes them higher - risk. (mycreditguy.com)
  • It has been proven to be an effective way to avoid the repercussions of bad credit such as lower credit rating as well as high interest rates. (consolidation.creditcard)
  • Corporate debt issued by companies with riskier balance sheets and lower credit ratings typically carries higher interest rates. (investopedia.com)
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