Problems

FACT:
You can explain why you have had financial problems in the past. If you are worried that a bad period you went through a while ago will count against you when you apply for new credit then you can ask the main reference agencies to put a note on your file explaining what went wrong, why it happened and why it was a one-off.



Experts say people who missed a few payments when a relationship broke down or when they were temporarily between jobs are most likely to be in this situation. There are no guarantees that putting a note on your file will ensure you get the loans you want in the future. But there’s no reason not to give it a try.