Understanding the Implications of a Poor CLT Score- What It Means for Your Credit Health

What is a bad CLT score?

A CLT score, or Consumer Loan Trend score, is a financial metric used to assess the creditworthiness of individuals applying for loans. It provides lenders with insights into a borrower’s credit history, repayment behavior, and overall financial stability. However, determining what constitutes a “bad” CLT score can be a bit tricky, as it largely depends on the lender and the specific loan product. In this article, we will explore the concept of a bad CLT score, its implications, and ways to improve it.