Business, Legal & Accounting Glossary
Classification of financing provided to customers with low credit qualifications. B/C Loans have higher interest rates than loans provided to better-credit customers, because the lender is shouldering more of the risk with low credit customers. Customers obtaining a B/C Loan can use it to rebuild or establish a better credit score by making payments on time.
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This glossary post was last updated: 14th November, 2021 | 0 Views.