f you have a muddied credit history it's likely that you'll find it tricky to get accepted by loan providers - so what are your options?
What constitutes bad credit?
If you're considered to have 'bad credit', you may have missed repayments in the past, or even have a County Court Judgement (CCJ) or bankruptcy against your name.
There is a big difference between 'bad credit' and 'no credit' - the latter is when you haven't ever taken on any form of loan and so have no credit history behind you.
However, a dose of bad credit doesn't mean lenders will automatically slam the door on you - but it will mean your options are limited, with higher interest payments than you'd be subject to if you had a squeaky clean credit history, and access to smaller