Blot on a credit report Crossword Clue

Greetings to all our crossword lovers!
Hereby find the answer to the clue " Blot on a credit report " ,crossword hint that was earlier published on "USA Today".
Please find the answer to the given crossword puzzle below:

Understanding Today's Crossword Puzzle

The clue "Blot on a credit report" has the answer "LIEN". Let's take a closer look at why this is the correct answer:

1. Blot: In this context, "blot" refers to a negative mark or stain on a credit report. It indicates a financial obligation or a failure to meet a payment obligation.
2. Credit Report: A credit report is a detailed record of an individual's credit history, including information about their borrowing and payment behavior. It is used by lenders to assess the creditworthiness of a person when applying for loans or credit.
3. Lien: A lien is a legal claim or right against a property or asset. It can be placed on a credit report when a person fails to make loan payments, resulting in a negative mark on their credit history. The lien serves as security for the lender in case the borrower defaults on their repayment obligations.

In summary, the clue "Blot on a credit report" leads us to the answer "LIEN" because a lien represents a negative mark on a person's credit history, indicating a failure to meet financial obligations.

Definition of "LIEN"

a right to keep possession of property belonging to another person until a debt owed by that person is discharged

Example :

they shall be entitled to a lien on any lot sold

make sure there are no liens against the car

they may assert a lien claim on your property

 The Crossword clue "Blot on a credit report" published 1 time/s & has 1 answer/s. 

Crossword	Date	Answer
USA Today	23 March 2018	LIEN