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Meaning of “bad credit” in the English Dictionary

"bad credit" in Business English

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bad creditnoun [U]

uk   us  
FINANCE if a ​person or ​company has ​badcredit, they have had difficulty ​paying back a ​loan in the past, and a ​financialinstitution may decide that it is not ​safe to ​lend them ​money: The ​powercompanyasked for a ​deposit because of their ​badcredit.
(Definition of bad credit from the Cambridge Business English Dictionary © Cambridge University Press)
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