Outrageously Funny Word Dictionary :: Downgrades

👉 Downgrades are a type of credit rating system that assigns a lower score to an individual or entity than their original credit report. This is done by adjusting the score based on various factors, such as past financial performance, credit utilization, and payment history. The purpose of downgrades is to provide additional information for creditors in order to better understand the borrower's financial health and risk profile. It can be used to inform loan decisions or credit card choices, and it can also help borrowers improve their credit scores

downgrades