Posts Tagged ‘FHI-PAYMENTS-REF09-M-100’

If you’ve missed between three and six  payments, on a credit account you may be declared in default. Defaults are serious. Often a lender will automatically decline an application if there has been a default. This is especially the case if the default is within the last year. Tip: Try and pay off the default. It…

Each time you miss a payment a ‘current status indicator’ goes up in value at the Credit Reference Agency. When you miss one payment a ‘1’ is displayed. When you miss two payments, it’s a ‘2’. Missed payments will make it harder for you to get accepted for a loan. The more missed payments the…