poor credit
Low financial standing
Poor credit describes a financial history marked by missed payments, defaults, or excessive debt, resulting in low credit scores that make borrowing difficult or expensive.
Lenders view those with poor credit as risky, often denying loans or charging higher interest rates: With poor credit, she couldn't qualify for a mortgage.
The threshold varies by lender, but scores below 580 typically qualify.
- debtMoney owed another
- debt collectorOne who pursues repayment
- defaultPreset standard option
- bankruptcyLegal status when insolvent
- loanBorrowed money repaid later
collection · overdue · delinquent · unpaid · score · hard inquiry · FICO · rejection · interest · subprime · foreclosure · repossession · bills · past due · struggling · underwater · maxed out · declined
- financesmoney, affluence, cash, bankrupt, income
- credit scoresFICO score, creditworthiness, payment history, FICO, Equifax
- credit ratingsAAA, AA, A, BBB, B
- job barriersageism, sexism, racism, glass ceiling, gender bias
poor, credit, poorly, poorer, poorest, poverty, impoverish, impoverished, impoverishment