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Credit averse |
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Credit averseWhen a borrower has a poor credit history, has previously been declared bankrupt or has outstanding County Court Judgements, they are often described as credit averse. People with averse credit ratings often have to pay higher interest rates on a mortgage.Credit averse Similar MatchesCredit agenciesCredit agenciesCompanies such as Equifax or Experian that are often used by lenders to assess your financial background and determine the level of risk involved with lending you money. Consumer creditConsumer creditCredit a firm grants to consumers for the purchase of goods or services. Also called retail credit. Nonaccredited investorNonaccredited investorWealthy, sophisticated investors who do not meet SEC net worth requirements. These investors require less protection because of large financial resources, but only 35 nonaccredited investor can be included per investment. Bank giro creditBank giro creditA system operated by the clearing banks in which a paper slip/document instructs a bank branch to credit a sum of money to a specified account at that branch. Pension creditPension creditA state benefit due to be introduced in 2003 which is intended to reward people who have saved for their retirement. Pensioners will receive a credit of 60p for each pound derived from a source other than the basic state pension, subject to an overall income limit of £135 per week for a single pensioner and £200 for pensioner couples. Further SuggestionsDomestic creditUnconfirmed Letter of Credit Confirmed Letter of Credit Open end credit Sight Letter of Credit Credit history Comparative credit analysis Revolving line of credit Credit enhancement Credit period Federal credit agencies Credit Creditworthiness Crediting rate Equity Line Of Credit Standby letter of credit Export credit credit note Bank Letter of Credit Policy Full faith and credit obligations creditor days Eurocredit market Federal Intermediate Credit Bank Creditor credit rating |
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