How can we help?

Does a default affect my Personal Credit File?

SAPI Team
SAPI Team
  • Updated

When the borrower is a limited company, any loan default will not impact your Personal Credit file. However, it is important to note that your Personal Credit file may be impacted if we are required to obtain a court judgement or bankruptcy order.

On the other hand, when the borrower is not a limited company, any loan default will be reported to Credit Reference Agencies, which may affect your Personal Credit file. We understand the importance of maintaining a strong credit score, and we encourage you to reach out to us as soon as possible if you are experiencing difficulty in meeting your loan obligations. We are here to assist you and work with you to find a solution that helps you stay on top of your financial obligations.

Was this article helpful?