Millions of Brits have hit financial difficulties during the recession and struggled to make ends meet.
It’s been a tough few years that will have left many people with a glitch or two on repayment records.
Paying off some lenders one month and others the next could have left marks on credit reports – the data used by lenders to help them decide whether to approve applications for mortgages, loans and credit cards and the rate of interest they will charge.
This could make it hard to get new credit, even once you’ve got your finances back on track.
And lenders are getting mean. They’ve tightened their criteria for dishing out money …
Read the original article at Mirror
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