Lenders love to see a clean streak of zeros across all your active accounts on your credit report—it shows consistency, reliability, and low risk. Even one or two months of late payments can raise concerns, but a pattern of missed or late repayments can seriously hurt your chances of approval.

What this means for you:

  • ✅ Good repayment history = better credit score = more lenders, lower rates

  • ❌ Poor repayment history = fewer options, higher interest, stricter conditions

Some prime lenders won’t even consider an application if there are recent “1s” or “2s” on the file—especially if it’s on an existing car loan, mortgage, or unsecured personal loan.

Tips to Build and Maintain a Strong Repayment Record

If you’re planning to apply for finance in the next 6–12 months, now’s the time to tidy up your profile:

  • Always pay the minimum on time, even if you can’t clear the full balance.

  • Set up direct debits or calendar reminders to avoid missing due dates.

  • Keep your contact details updated with lenders so you don’t miss important notices.

  • Catch up on any late accounts as soon as possible—better late than never.

Remember, repayment history is forward-looking too. Even if you’ve had issues in the past, keeping a clean record for the next 6–12 months can still turn things around and improve your credit score over time.

Better History = Better Deals

If you want the best chance at lower rates and more flexible options, your repayment history is one of the first places to start. It’s not just about avoiding defaults anymore—it’s about showing lenders that you’re dependable, month after month.

If you’re unsure how your repayment history looks or whether it’s holding you back, I can help you check your credit profile and recommend the right steps.