You have a default from a while ago

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 remains the case, even if the default was from sometime ago.

Tip: If the default is in the last couple of years, try and pay off the default. It will show as ‘satisfied’ on your account. Lenders may interpret this as an attempt to clear your debts and be more inclined to agree a loan. If the default is from close to three years ago, it may be best to let time pass and apply after the default is three years old. By that time, many lenders will ignore a default, especially if it is a small one.