Adverse Credit

Adverse credit means you have a poor or bad credit history. If you fail to make the agreed payments on your debts, this can negatively impact your credit score and your ability to borrow money. 

Here are some of the reasons you may develop adverse credit:

• Defaults
• CCJs
• Late payments
• IVAs
• Bankruptcy
• Delinquent debt
• Late bill payments
• Large outstanding debts
• Charge-offs

If you think you may need to borrow money in the future for property purchases or renovation, always keep on top of your credit agreements. 

Making sure you are paying your debts within the arranged timeframe will help you borrow money in the future.