Bad Credit: Definition, Examples, and How to Improve

If you’re recovering from a bankruptcy, it can take years to build up a good credit score. However, paying down debt to decrease your credit utilization ratio can have an impact in as...

Hard Inquiry: Definition, How It Works, Impact on Credit Score

Examples of soft inquiries include requests by your current creditors to see your file or by prospective lenders that are looking for good prospects for credit card offers—a process known...

What Is a Good Credit Score?

While different lenders have their own standards for rating credit scores, scores above the high 600s (on a scale of 300 to 850) are generally considered good.

Credit Report: Definition, Contents, and How to Get It for Free

What Is a Credit Report? A credit report is a detailed breakdown of your credit history prepared by a credit bureau. Credit bureaus collect financial information about you and compile their...

Credit - definition of credit by The Free Dictionary

Define credit. credit synonyms, credit pronunciation, credit translation, English dictionary definition of credit. n. 1. a. An arrangement for deferred payment of a loan or purchase: a store that o...

What Is a Credit Score? Definition, Factors, and Ways to Raise It

Frequently Asked Questions (FAQs) What is a Good Credit Score to Have? What constitutes a good credit score is ultimately determined by the lenders. Ranges vary depending on the credit...

AAA: Definition as Credit Rating, Criteria, and Types of Bonds

Credit Rating? AAA is the highest possible rating that may be assigned to an issuer’s bonds by any of the major credit... highest credit quality, while Moody’s uses a slightly different...

Subprime Borrower: Definition, Credit Score Range, and Impact

A subprime borrower is a person who is considered to be a relatively high credit risk for lenders and who may have a harder time obtaining credit, especially at good interest rates.

Trade Credit: Definition, Pros & Cons, Examples

Key takeaways ; Trade credit allows delayed payments: You get goods/services first and pay later, helping manage cash flow effectively. ; It comes with pros and cons: Benefits include improved cash flow and supplier relationships, but late payments can incur high interest. ; Strategic use is key: Negotiate terms, manage payment schedules, and use automation tools to maximize benefits and minimize risks.

Cash Advance: Definition, Types, and Impact on Credit Score

many credit card issuers allowing cardholders to withdraw a certain amount of cash against their available credit. Cash... a credit card company, and usually involving high interest rates...