The dealer will call a person with bad credit a number of different things, such as...
- This person is a bog: Meaning bogus (bad) credit; or
- A Roach, or sloppy, or a slug: Meaning slow to pay;
- He only has 3% available: Meaning you have almost maxed out your credit cards and
owe 97% of your credit limits;
- He took them down: Meaning you defaulted on a credit card or another type of loan;
- This guy has a repo: Meaning a car you had before was repossessed;
- He has a BK or He went chapter 7 or 11: Meaning you filed bankruptcy in the past;
- This guy is a get me done: Meaning your credit is so bad you don't care how they do it,
you just really need to get a car loan, but don't qualify.
For a complete glossary of terms, visit
Edmunds.com.
