Adverse Credit

Business, Legal & Accounting Glossary

Definition: Adverse Credit


Adverse Credit


Full Definition of Adverse Credit


Adverse Credit is the term used within the finance industry for a bad credit rating.

Having adverse items on your credit file such as defaults, arrears, CCJs etc can make it much more difficult to be approved for loans, credit cards, mortgages or other finance, especially for people who don’t have their own home to use as security.

Specialist adverse products do exist, although not to the same extent as before the credit crunch, but these will always tend to be more expensive than the more mainstream products.

An example would be in credit cards: where a normal card would have an APR of around 15% along with other features such as reward points of balance transfer offers, a specifically bad credit credit card will have a rate of around double that or even more, and very little in the way of extra features for the account holder.


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https://payrollheaven.com/define/adverse-credit/ (accessed: May 18, 2024).
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Definition Sources


Definitions for Adverse Credit are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 15th February, 2020 | 0 Views.