A phrase to describe someone's bad financial record

Let's assume the context where a woman approaches a bank to secure a loan for her bold but lucrative business idea but she gets turned down because she doesn't have anything for collateral and her financial record (bank transactions, any previous smaller loans, the CIBIL Score for the requested loan amount and so on) is next to nothing.

Overall, the banks don't have anything to proceed with other than the business idea itself.

My question is that is there a phrase to describe her lack of financial record?

I understand that the question sounded particularly vague but the context would help you better understand it.

Edit: "Credit Score" or "CIBIL Score" does fit the context very much. But what I wish to have is a phrase or an idiom. So I have changed the tags now. Sorry for the discrepancy.

Solution 1:

This person is lacking a useful credit history, which is the record of her debts and repayments over time. It's not necessarily that she has a poor record, just that she doesn't have much of a record at all. An oft-repeated piece of financial advice is to keep longstanding but unused credit cards active, as they contribute to a person's credit history over time - having no record isn't much better than having a bad record.

Solution 2:

The concept of credit score may apply here:

A credit score is a number between 300–850 that depicts a consumer's creditworthiness. The higher the score, the better a borrower looks to potential lenders. A credit score is based on credit history: number of open accounts, total levels of debt, and repayment history, and other factors. Lenders use credit scores to evaluate the probability that an individual will repay loans in a timely manner.

(Investopedia)

Solution 3:

While the other answers correctly identify a credit history or rating as an important concept, the body describes a history with simply insufficient information for the lender to make a decision. In this case, the credit history is called thin (as in, a hypothetical file folder has very little inside it):

A “thin file” refers to the credit report of someone with little or no credit history. Consumers who are just starting out and may never have taken out a loan or had a credit card are said to have thin files.

Investopedia

Solution 4:

Not a single word, but the bank could say

We are sorry, but you have a poor credit rating

Lexico has

credit rating
_NOUN

1 An estimate of the ability of a person or organization to fulfil their financial commitments, based on previous dealings.
Obtaining financing with a lackluster credit rating is beyond challenging.

In a specific situation where the client is already unable to pay their debts, a single word could be

We are sorry, but you are insolvent

Lexico has

insolvent
_ADJECTIVE

1 Unable to pay debts owed.
Accordingly the company was insolvent and unable to pay its debts.