GLOSSARY
Bad Credit
Bad Credit
If your credit file shows a history of late or missed payments, lenders might perceive you as having bad credit, or bad credit history. If you use credit cards and these are always close to maxed out, this may also result in bad credit. Bad credit will usually reflect itself by way of a low credit score.
Individuals with bad credit will usually find it more difficult to acquire credit or find that any offers they receive have higher interest rates.
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