Adverse Credit
If you have adverse credit, this means that you are considered to be less than ideal to loan money to. Practically everyone has a credit rating which displays their official history of debt repayments, whether this is through a mortgage, a credit card or other form of loan. If you have adverse credit, it could be because your repayment record shows missed repayments, for example. A lender will consider this when deciding if he will currently give you a loan, and charge more interest on the loan if that is the case . Other reasons for you having an adverse credit rating may include County Court judgements against you, or if you are self-employed, a member of the armed forces or even if you just move around a lot. It is generally agreed that over 25% of the population have an adverse credit rating so there is no particular shame involved.
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