Pronunciation: /ˈkrɛdɪt ˈreɪtɪŋ/
noun A measurement of an individual's or organization's creditworthiness based on their credit history and financial behavior.
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.
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.
credit ratings
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to credit rate
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