Impaired credit

Impaired credit

Result of a borrower's reduced credit rating.

Impaired Credit

A credit rating or FICO score that has recently been reduced. A company or individual may have impaired credit if its financial situation changes in such a way that there is a greater likelihood of defaulting on a bond or business or personal loan. Impaired credit makes it more difficult for a company or person to borrow more funds.
References in periodicals archive ?
I support the bill because I believe this targeted approachtogether with new consumer protections for servicemembers, veterans, those with impaired credit, and people hurt by data breachesrepresents an improvement to existing law.
In the last sixteen months, the bank has embarked on a path of turnaround and made impressive strides on the fronts of reduction of operating expenditure, increase in Operating Profit, Non-performing asset (NPA) reduction, arresting the asset quality slippage, improvement in Provisioning Ratio for impaired credit, and increase in Current Account, Savings Account (CASA) base i.
4 million reported in the third quarter of 2017 due mainly to an impaired credit loss of $3.
FOLLOWING the success of We Buy Cars for More, a finance specialist team has launched a new operation dedicated to providing solutions for customers with impaired credit profiles.
The bank's impaired credit is a legacy of the 2008 financial crisis and an ensuing double-dip recession in Italy that has affected all major Italian banks.
According to a Reuters report, one in four South Africans is unemployed and the number of borrowers with impaired credit records had risen to nearly 50 percent from 36 percent in 2006.
Guarantees will only be available to borrowers who can afford the mortgages, while those with impaired credit ratings will be excluded, the Treasury insisted.
This outlook reflects, especially in the advanced economies, weak demand resulting from several factors, especially continuing fiscal consolidation and deleveraging by private sectors, impaired credit intermediation in many cases, and significant policy uncertainties.
The company lends to clients with impaired credit profiles and also purchases receivables via portfolio acquisitions or from third party originators.
Provisions for impaired credit rose 27% year-on-year to 822 mln euros.
Financial Policies, Investment, and the Financial Crisis: Impaired Credit Channel or Diminished Demand for Capital," by Kathleen M.
Stulz, Ohio State University and NBER, "Financial Policies and the Financial Crisis: Impaired Credit Channel or Diminished Demand for Capital?