how impaired credit works
impaired credit is usually the result of financial stress brought on by a change in circumstances often an unforeseen one in the case of an individual impaired credit may be the result of a job loss a costly illness a steep decline in asset values or a multitude of other crises that can make it difficult for a person to keep up with their bills for a company impaired credit might be due to increased competition a weak economy supply chain issues or bad management decisions among other causes 