new credit
Recently granted loan
New credit refers to borrowing capacity or loan amounts that have recently been extended or are freshly available.
In personal finance, it often appears in discussions of credit scores, where opening new credit accounts can temporarily lower your score: Her new credit cards affected her rating.
Lenders evaluate how much new credit someone has taken on recently as an indicator of financial risk.
- freshNewly made, not stale
- fresh startOpportunity to restart unburdened
- loanBorrowed money repaid later
- approvalFavorable opinion given
- applicationFormal request document
score · limit · card · annual fee · interest · interest rate · finance · borrow · bank · debt · lender · APR · balance · account · good standing · sign · open · starter
- credit scoresFICO score, creditworthiness, payment history, FICO, Equifax
- lendingloans, borrower, approval, lenders, bank loan
new creditdebit
Subtraction from account
charge · withdrawal · outstanding balance · negative balance · deficit
new, credit, newer, newest, newly, newness, renew, renewal, renewable