Impaired Credit

What is Impaired Credit?

Impaired Credit is a slang term for someone whose credit information has begun to show signs of trouble making repayments. It is usually used to describe people who have had healthy or reasonable credit pasts up to this point, but they have begun to indicate a trend that may make lenders less inclined to offer them credit.

The term can be used for either businesses or individuals and there is no set amount of money that needs to be owed or total of missed payment before you are deemed to have “Impaired Credit”. It is not the same thing as simply having a poor credit history, which is referred to as Adverse Credit.


Q: Will it appear on my credit report?

A: There is no Impaired Credit marker that appears on your report, but your Credit History will be visible to lenders, who may interpret the information on your file as Impaired Credit.

To see what lenders see, you can try checkmyfile FREE for 30 days, then for just £14.99 a month afterwards, which you can cancel online at any time.

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