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LSDefine

Simple English definitions for legal terms

credit rating

Read a random definition: Maryland

A quick definition of credit rating:

Credit rating: A score that tells lenders how likely someone is to pay back money they borrow. It's like a report card for borrowing money.

A more thorough explanation:

Definition: A credit rating is an assessment of a person's or company's ability to repay debt. It is created by a credit bureau at the request of a lender.

Example: Let's say you want to borrow money from a bank to buy a car. The bank will ask a credit bureau to evaluate your credit rating. The credit bureau will look at your credit history, income, and other factors to determine if you are likely to repay the loan on time.

Another example: A company wants to borrow money from investors to expand its business. The investors will ask a credit rating agency to evaluate the company's credit rating. The agency will look at the company's financial statements, credit history, and other factors to determine if the company is likely to repay the loan.

These examples illustrate how credit ratings are used by lenders and investors to assess the risk of lending money. A high credit rating indicates that the borrower is likely to repay the loan on time, while a low credit rating indicates that the borrower may have difficulty repaying the loan.

creditor's suit | credit-reporting bureau

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THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
omg im on a plane weeeee
the devil
youre on a plane??? LSD made the mile high club??
20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
roger dat. see u in heck
im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
AHHAHAHAHAHAHHAHAHAHAHAHAH
@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
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