Uncreditworthy

Describing a person or company unable to borrow money. An uncreditworthy person or company may have defaulted on a previous loan, overspent in the past and/or may not have sufficient history to establish credit. Individual creditworthiness is measured by the FICO score, while a company's or other organization's creditworthiness usually is measured by its credit rating.

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Rejection

References in periodicals archive ?

One method would be to pool together a number of countries' risks for their uncreditworthy utilities through a new intermediary body while the rehabilita- tion of utilities is taking place, according to Hajduka.

Energy - Scaling Africa's solar infrastructure

Nevertheless, the current crisis has shown that financial institutions have proven reluctant to drive uncreditworthy borrowers into bankruptcy.

Negative equity companies in Europe: Theory and evidence

Anorthosis, the plaintiffs claim, has repeatedly reneged on settlement agreements signed between the two companies, and is thus unreliable and uncreditworthy.

Anorthosis creditor files for club's liquidation

affordable housing requirements imposed by the Community Reinvestment Act and/or imposed on the government-created housing finance giants Fannie Mae and Freddie Mac, resulting in lending to uncreditworthy borrowers

Moving beyond ideology

In addition, Administration underwriting standards will likely cause many parents to be uncreditworthy or ineligible for loans that they would take out for their children.

Ask not for whom the law school bell tolls: Professor Tamanaha, Failing Law Schools, and (mis)diagnosing the problem

In both the United States and Europe, greedy, poorly supervised banks made loans to uncreditworthy consumers.

The price of German leadership: having exploited the eurozone, it's fair that Berlin and Frankfurt now pay the price

According to von Thadden (2004), this is consequence of a dynamic process where creditworthy clients stay with their main relationship lender while uncreditworthy clients switch to multiple lenders.

Relationship lending in emerging markets: evidence from the Czech Republic

Hence loans were made to uncreditworthy borrowers, and then packaged up into complex securities.

A familiar symptom

some cases clearly uncreditworthy borrowers not only received loans from

A fixer-upper for finance

Yet the Community Reinvestment Act (CRA) pressures banks to make loans to such uncreditworthy customers as a condition of doing business.

Causes, cure and prevention of future financial crises: an ethical analysis

Pimps and prostitutes get attention, but the serious side of ACORN is what it contributed to the financial crisis by bullying banks into giving mortgages to uncreditworthy applicants and the corruption the group has fostered with dubious voter-registration drives.

Acorn replants

Second, highly liquid banks imprudently funneled cheap credit to uncreditworthy borrowers: the fiscally challenged and inflation-prone countries of Latin America and Africa ha the 1970s, the ninja (those with no income, no jobs, no assets) subprime mortgagees of the current crisis.