Credit rating: How long do defaults stay on my credit score?

Credit ratings provide an indication of how a typical lender would assess you. When you apply for credit such as a mortgage a lender tries to predict your future behaviour based on the way you have acted on the past. But if you have defaulted on payments in the past, how long do these stay on your credit report? What […]

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UK business warning as frustrated lenders ‘give up’ on government loan scheme

Non-bank and financial technology lenders attacked the lack of resources and cumbersome process of gaining accreditation from the British Business Bank (BBB), saying it has been “slow”. Sources told the Sunday Telegraph lenders are “giving up” on the BBB’s process because they “feel their applications are getting lost because there are a significant amount”. Oliver Prill, chief executive of fintech […]

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