Posts Tagged ‘FHI-PAYMENTS-INTRO’

Your repayment history on credit agreements is taken into account by a lender when considering you for a loan. A credit report details all of credit accounts you’ve had over the last six years. This includes mobile phones, catalogues and some utility bills. Each account displays numbers showing if you ever fell into arrears. For…

Missed payments are when you’ve not made a repayment due under a credit agreement. For example – not paying that month’s credit card repayment. These are reported to a Credit Reference Agency (CRA). In addition to loans and credit cards, credit accounts reported include gas, electricity and mobile phone contracts. A repayment is marked as…