Credit Rating

B2 16+

Pronunciation: /ˈkrɛdɪt ˈreɪtɪŋ/

Definitions of credit rating

noun A measurement of an individual's or organization's creditworthiness based on their credit history and financial behavior.

Example Sentences

A1 My credit rating is good because I always pay my bills on time.

A2 She was denied a loan because her credit rating was too low.

B1 It is important to regularly check your credit rating to ensure there are no errors.

B2 Having a high credit rating can help you qualify for lower interest rates on loans.

C1 His credit rating took a hit after he defaulted on his mortgage payments.

C2 Financial institutions use complex algorithms to determine an individual's credit rating.

Examples of credit rating in a Sentence

formal The bank will consider your credit rating when determining your eligibility for a loan.

informal I heard that Sarah's credit rating is really good, so she was able to get a low interest rate on her car loan.

slang Dude, my credit rating took a hit after missing a few payments last year.

figurative Your credit rating in the eyes of your peers can determine how trustworthy you are in their eyes.

Grammatical Forms of credit rating

plural

credit ratings

comparative

more credit rating

superlative

most credit rating

present tense

credit rating

future tense

will credit rating

perfect tense

has credit rated

continuous tense

is credit rating

singular

credit rating

positive degree

credit rating

infinitive

to credit rate

gerund

crediting rating

participle

credited rating

Origin and Evolution of credit rating

First Known Use: 1860 year
Language of Origin: English
Story behind the word: The term 'credit rating' originated in the financial sector to assess the creditworthiness of individuals or entities.
Evolution of the word: Initially used in the context of financial analysis, the term 'credit rating' has evolved to become a standard measure used by financial institutions and investors to evaluate the risk associated with lending or investing in a particular entity.