Meaning of “bad credit” in the English Dictionary

business-english dictionary

"bad credit" in Business English

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bad creditnoun [ U ]

uk us

FINANCE if a person or company has bad credit, they have had difficulty paying back a loan in the past, and a financial institution may decide that it is not safe to lend them money:

The power company asked for a deposit because of their bad credit.

(Definition of “bad credit” from the Cambridge Business English Dictionary © Cambridge University Press)