Impaired Credit

What Does Impaired Credit Mean?
The deterioration of a borrower's credit rating.

Investopedia explains Impaired Credit
Any weakening of a company's finances will cause an impairment of credit. Consequently, it results in a reduction of the credit offered by lenders.

Related Terms

Accomodation Endorsement
Bad Debt
Credit Control
Credit Enhancement
Impaired Asset
Impairment
Special Finance
More Related Terms

Related Links

The Importance Of Your Credit Rating - Do you know how your borrowing activities affect your credit rating? Find out here.
Top 6 Most Common Financial Mistakes - Choose fortune over disaster by avoiding these money traps.
How A Bad Roommate Can Ruin Your Credit Score - Living with someone can cut your expenses, but in addition to not doing the dishes, your roommate may do serious damage to your credit.
Consumer Credit Report: What's On It - A look at the various components and considerations of the personal and financial data that go into this dossier.

Rate this Term: Your Rating: Overall Rating: Vote Now!