poor credit rating
/ˈpʊər ˈkrɛdɪt ˈreɪtɪŋ/ · poor.cred.it.ra.ting
noun
- A credit score or history that indicates a person or business has a history of missed payments, defaults, or other credit-related problems. The bank refused to lend her money due to her poor credit rating.
- A financial situation where an individual or business has a low credit score, making it difficult to obtain credit or loans at favorable interest rates. After the divorce, he had to deal with a poor credit rating and struggled to get a new credit card.
adjective
- Describing a credit score or history that indicates a person or business has a history of missed payments, defaults, or other credit-related problems. She had a poor credit rating and had to pay a higher interest rate on her loan.
Synonyms
bad creditlow credit scorecredit problemsfinancial difficultiescredit issuessubprime creditcredit challenges
Antonyms
Did you know? A poor credit rating can affect not only an individual's ability to obtain credit but also their employment opportunities and even their ability to rent an apartment.