a poor credit record. You are said to have adverse credit if your credit record shows mortgage arrears, county court judgements or other missed payments.
Credit or a loan that has not been paid well by the borrower in accordance with either a loan or credit agreement.
This is a general term which encompasses arrears and county court judgements. It can also include major credit problems which have resulted in bankruptcy. For further information look at arrears, county court judgement and bankruptcy.
History Somebody, who has experienced financial problems, resulting in missed payments, especially in relation to mortgages, loans, rent, credit cards etc. An adverse history will result in adverse or negative information being passed from credit bureau to Lender and could result in financial applications receiving unfavourable consideration with traditional lending sources.
The term often given to reflect an applicant or application that has had previous problems with credit for example late payments, defaults, bankruptcy, county court judgements, mortgage arrears, etc.
This is an umbrella term used to describe applicants with a poor credit history. This may include mortgage or rent arrears, defaults, county court judgements (CCJs), bankruptcy, individual voluntary agreements (IVAs) and house repossessions. Borrowers with elements of adverse credit are offered higher rates than standard full status applicants.
This term is used to describe Credit Problems due to a poor credit history. CCJ's, Mortgage Arrears and other credit debt repayment problems leads to Adverse Credit. When used to describe: Adverse Credit Mortgages or Adverse Credit Loans they mean Mortgages or Loans for people with Credit Problems or Poor Credit Rating Mortgages
This is a term used to describe credit problems the borrower may have suffered in the past. Such problems will encompass County Court Judgements and arrears on loans.
Adverse credit is a situation where the borrower has CCJs, IVAs and bankruptcy on their credit file.
This is also known as “bad credit” and is a term used when a person has had credit problems in the past. These problems could include previous mortgage loans, which have been unpaid, unpaid debt consolidation loans or credit card arrears. They could also include CCJ's or bankruptcy.
Adverse Credit is simply an alternative term for Bad Credit and is mainly used in more formal financial documents.
Any information held by credit reference agencies,that shows an entry referring to Arrears on any finance agreement, County Court Judgements, Defaults, Individual Voluntary Arrangement or Bankruptcy w (More)
This term is used to describe Credit Problems due to a poor credit history. The borrower may have CCJ's, Mortgage Arrears and other credit debt repayment. Abusing credit or failing to meet credit repayments leads to Adverse Credit. When used to describe: Adverse Credit Homeowner Loans they mean Loans for people with Credit Problems or Poor Credit Rating Secured Homeowner Loan.
A term used to describe the existence of evidence of poor management of credit in the past by a customer. Generally evidenced by: 1) Credit instalments not paid or not paid when agreed. (e.g. missed loan repayments) 2) County Court Judgments 3) Mortgage Arrears 4) Defaults
This is the term used for people who have a poor credit history. This could include previous mortgage or loan arrears, CCJ's or bankruptcy.
1) Credit not paid or not paid when agreed. 2) If someone has adverse credit they have not kept up with credit agreements that they are contracted to. Examples of Adverse Credit include; County Court Judgments (CCJ's), mortgage arrears, and payment defaults.
Another way of saying poor credit or bad credit. Someone who has had problems repaying or managing debt in the past is likely to have an adverse credit history. This can make applying for credit such as mortgages more complicated as some lenders will regards them as too ‘high riskâ€(tm) to lend to.
This is the term used if the borrower has suffered a poor credit history. This could include previous mortgage or loan arrears, CCJ's or bankruptcy.
Adverse credit is something that a person will have if they fail to make the required repayments to creditors.
This term is used to apply to a borrower (or application) who has problems in the past with credit, eg: County Court Judgements, late payments, bankruptcy etc.
A derogatory credit status which, in turn, does not meet established status criteria needed in order to approve a PLUS Loan.
This is an umbrella term used of applicants with poor credit history. This may include mortgage arrears, defaults, County Court Judgements (CCJs), bankruptcy, Individual Voluntary Agreements (IVAs) and house repossession. Borrowers with elements of adverse credit are offered higher rates than standard Full Status applicants are, usually with terms and conditions relating to the extent of their adverse credit history. Often, adverse credit mortgages are Libor-linked rates.
If a borrower has a history of poor credit usage then this is described as Adverse Credit. Poor Credit history can include County Court Judgements(CCJ), Bankruptcy, Mortgage arrears or any late payments on credit arrangements.
The term used if the borrower has a poor credit history. This could include previous mortgage or loan arrears, bankruptcy or CCJ's. Other terms used to describe an adverse credit mortgage include: Bad credit mortgage Poor credit mortgage Non status mortgage Credit impaired mortgage No credit mortgage Low credit score mortgage
Negative information regarding a person's pattern of borrowing and repayment of debts as reported to National Credit Bureaus. This information could contribute to the denial of a PLUS or private loan application.