family credit

British  

noun

1. (formerly, in Britain) a means-tested allowance paid to low-earning families with one or more dependent children and one or both parents in work: replaced by Working Families' Tax Credit in 1999

---

Example Sentences

The F.H.A., which generally insures loans with down payments of 3.5 percent or more, is often a solid option for lower- to middle-income borrowers who have thin or spotty credit histories.

From New York Times • Jan. 1, 2023

But the FHA, with its mission to boost homeownership, is often a preferred option for cash-poor, first-time home buyers and those with spotty credit — or a combination of both.

From Los Angeles Times • Feb. 13, 2017

That may sound like a lot to ask of someone whose dreams of a new vehicle, home or business have just been dashed on account of spotty credit.

From Washington Times • Jan. 28, 2017

Mortgages to borrowers with spotty credit histories have yet to come roaring back from the financial crisis, but they are on the rise at the private equity giant Lone Star Funds.

From New York Times • Sep. 7, 2016

For landlords, enlistment in ­either program means taking on a tenant who will probably have a spotty credit history or no past experience renting.

From Washington Post