Bad Credit Rating Car Finance
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Credit rating agency - A credit rating agency is a company that rates the ability of a person or company to pay back a loan. The rating given by a credit rating agency is important because it affects the perceived risk element incorporated into interest rates that are applied to loans.
Credit rating - Credit rating may mean:
Credit (finance) - Credit as a financial term, used in such terms as credit card, refers to the granting of a loan and the creation of debt. Any movement of financial capital is normally quite dependent on credit, which in turn is dependent on the reputation or creditworthiness of the entity which takes responsibility for the funds.
AAA (credit rating) - A "AAA" rating signifies the highest investment grade of corporate debt and means that there is very low credit risk. AAA rated companies can borrow money at the lowest rates.
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