what is impaired credit 
impaired credit typically refers to a deterioration in the perceived creditworthiness of an individual a business or other entity impaired credit is usually reflected for individuals in a lower credit score and for businesses and other entities as a lower credit rating would be borrowers with impaired credit will find it harder to obtain loans and generally have to pay higher interest rates if they do impaired credit can be either a temporary and fixable condition or a warning sign that even greater financial distress may lie ahead 