UK Credit Defaults

If you have defaulted on a previous loan, i.e. - not paid it back at all, or a previous loan has been placed in the hands of a collection agency, you will suffer a penalty of up to 200 points. The lender will feel reluctant to lend to someone with a history of not paying back. But it is not all black and white. Lenders will look to see if it was simply a one-off difficult period, and will try to judge if it has passed. For more information on removing UK credit defaults, please visit the Complete UK Credit Repair Guide.