Adverse Credit ? We've All Heard Of It, But What Does It Mean?

If you're one of those lucky people who have never missed a single credit card or loan repayment, then you don't need to worry about the term ?adverse credit'. In this article, we are discussing the ins and outs of the term ?adverse credit', something that describes people who have defaulted on credit repayments to a significant extent. The terms ?sub-prime and ?poor credit' are also used to describe the same situation. What we are here to ascertain is: what do you have to do to be called an adverse credit customer, and where does the lender get their information about you?
To start off, we will discuss the credit reference agencies, companies such as Experian and Equifax who collect and store information about all your financial dealings, and sell this informati View the rest of this article