Here’s a wrap-up of our adverse criteria and how we can help your specialist customers to get life moving.
CCJs
No limit on the value of CCJs (County Court Judgements).
Vida 6 allows 0 CCJs in last 6 months.
Arrears and Missed Payments
Telecom and utility missed payments ignored when assessing adverse tier.
All historic secured arrears must have been made up to date for at least 6 months prior to application.
Combined value of missed unsecured payments in the last 6 months, £500 for Vida 24 and Vida 6, £250 for Vida 36.
Bankruptcy
Applicants with bankruptcy, IVA, DRO allowed 3 years after discharge.
Debt Management Plans (DMPs)
Debt Management Plan considered, subject to satisfactory affordability and conduct checks.
Did you know?
Should your customer fall outside our three Credit Tiers, we may still be able to help! Our 15 Packager Partners have access to an exclusive credit tier and products. Take a look here.
| View our lending criteria |