The phrase "affects credit" is correct and usable in written English.
It can be used when discussing how certain actions, behaviors, or events have an impact on someone's credit score or creditworthiness.
Example: "Late payments on your bills can significantly affect credit, making it harder to secure loans in the future."
Alternatives: "impacts credit" or "influences credit".
So while mortgage rates fell by at least a quarter of a percentage point on Tuesday, the day of the government announcement, and stayed there Wednesday, it could take months for the piece that affects credit card and small-business loans to kick in.
This paper studies how interstate banking deregulation affects credit supply, focusing on distinguishing the balance sheet and bank competition channels.
Indeed, once we rely on variation in the NPL ratio associated to historical exposure to real estate development, the growth of the NPL ratio affects credit growth negatively.
Using a regression discontinuity design, I find that interstate banking deregulation affects credit supply, not only by legally impacted commercial banks, but also by non-legally impacted non-bank lenders.
In contrast, the Federal Reserve's credit easing approach focuses on the mix of loans and securities that it holds and on how this composition of assets affects credit conditions for households and businesses.
It could also affect credit ratings.
The shortfalls reportedly affect credit card customers with Lloyds Banking Group, Barclays, MBNA and Capital One.
(High credit-card bills can affect credit scores, because they directly influence a borrower's debt-to-income ratios).
That is enough, however, to affect credit scores - especially if medical debt is the only thing on your credit report, which is the case for 15 million consumers.
Until now, those cards escaped the regulations passed in the wake of the financial crisis affecting credit card and checking account fees.
In August, Fannie Mae clarified that it was not suggesting the only option for banks was a second "hard pull," or formal, credit check, which can adversely affect credit scores, just before closing.
