We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

Default Query

mparter
mparter Posts: 411 Forumite
Part of the Furniture 100 Posts Combo Breaker
in Loans
Was just wondering, from a creditors point-of-view, is it a case of a default is a default, regardless of the amount. Or do they take the amount into consideration?

e.g. a default for £50 is "worse" than a default for £3000?

Comments

  • Warriorsith
    Warriorsith Posts: 441 Forumite
    Part of the Furniture 100 Posts Combo Breaker Uniform Washer
    I'd say a default is a default. I got turned down for a loan last year due to the fact I had a poor Credit file due to it and how long it had been on my file.
    "I AM THE GATEKEEPER OF MY OWN DESTINY" Nacho Libre

    'Proud To Be Dealing With My Debts' :DDFW Member No.495
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 353.4K Banking & Borrowing
  • 254.1K Reduce Debt & Boost Income
  • 455K Spending & Discounts
  • 246.5K Work, Benefits & Business
  • 602.8K Mortgages, Homes & Bills
  • 178K Life & Family
  • 260.5K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture