Okuzeka
Finance & Banking vocabulary · Loans & Credit

Credit score

Meaning in finance & banking, with examples

nounCore term

In finance & banking, credit score means: A number that shows how likely a person is to repay debts, calculated from their credit history, such as past loans, card use and late payments.

In Turkish: kredi notu, kredi skoru

How it is used

Used in retail lending and by customers. Lenders check a credit score before approving a loan or a card; late payments damage or lower it, and paying on time improves it. Credit bureaus calculate the score.

Example sentences

  1. Her application was rejected because her credit score was too low.

  2. The bank's model gives more weight to recent late payments when it calculates the credit score.

Common collocations

  • check a credit score
  • good credit score
  • low credit score
  • improve a credit score
  • credit riskThe risk that a borrower or another party will not pay back money it owes on time or in full, causing a loss for the lender.
  • defaultFailure to make loan or bond payments as agreed. A borrower is usually treated as in default after missing payments for a set period, often 90 days.
  • borrowerA person or organisation that receives money from a lender and agrees to pay it back, usually with interest.
  • loanMoney that a bank or another lender gives to a person or company, which must be paid back over time, usually with interest.

More terms: Loans & Credit

Practise with graded reading

Reading at the right level is the fastest way to make new words stick. Pick free English books by level:

This page explains English vocabulary for learners. It is not financial advice.