BAD CREDIT Definition

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BAD CREDIT is a term used to describe a poor credit rating. Common practices that can damage a credit rating include making late payments, skipping payments, exceeding credit card limits or declaring bankruptcy. Bad credit can result in being denied credit.

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UNSECURED is obligation backed not by collateral but only by the integrity of the borrower. Opposite of secured.

STRAW MAN is a weak or imaginary opposition (as an argument or adversary) set up only to be easily confuted. Often done to create an environment for brainstorming from a certain starting point.

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