RupeeTimes' financial glossary  A-F |  G-O |  P-V |  W-Z |  1-9 |  Search by category |     Category: Home Loans   Acceptance Letter Administrative Fee Advance EMI Amortization Appraisal APR Bad Credit Balance Transfer Bankruptcy Basis Point Borrower Carpet area Certificate of title Clear title Commitment Fee Common areas Contract Conveyancing Credit Appraisal Credit History Default Depreciation Documentation Down Payment Early Repayment Charge EMI Equity Establishment Charge Fiscal Year Fixed interest rate Fixed rate Floating Rate Foreclosure Bad Credit Synonymous with poor credit or problem credit, bad credit is a term used to describe less than perfect credit rating. Bad credit can result from many things, most popular being making late payments, missing payments, jumping the credit limits etc. Bad credit doesn’t get good interest rates and can be a reason for credit denial.