What is adverse credit?

jonnybeegood

Does anyone know exactly what constitutes adverse credit? Do late payments markers count as adverse or does it only become 'adverse' when it is late by more than 1 month?

ACG

There is no definition as such.
If you had one or 2 late payments 3 years ago then its not going to be adverse. If you had been late every other month on everything for the last 6 years, then it would be adverse.

Adverse does not necessarily mean higher rates. I can think of 4-5 examples in the last 2 months where I have placed people with defaults on the high street. Infact one of them was the second cheapest deal available on the market at the time.

amnblog

The dictionary definition of 'adverse' is apposite here:

'preventing success or development; harmful; unfavourable'