Adverse credit: What is the difference between Tier 1 and Tier 2?
For our accepted minor adverse credit history, please see below.
CCJs: Where borrower has a satisfied CCJ, acceptance will be based on value and timing.
| CCJ Value | Tier 1 | Tier 2 |
| <=£500 |
Rejected <=24 months |
Rejected <=12 months Accepted >12 months |
| >£500-£1000 | Rejected All | Rejected <=24 months Accepted >24 months |
| >£1000 / Unsatisfied | Rejected All | Rejected All |
Mortgages/secured charges:
| Secured charge status | Tier 1 | Tier 2 |
| 1 month of arrears and currently not in arrears |
Rejected <=36 months |
Rejected <=12 months Accepted >12 months |
| 2 months of arrears and currently not in arrears | Rejected <=48 months Referred 49+ months |
Rejected <=24 months Accepted >24 months |
| >2 months of arrears and currently not in arrears | Rejected <=48 months Referred 49+ months |
Rejected <=36 months Accepted >36 months |
| Gone away/Agreed payments/Account transferred/Written off | Referred all | Accepted all |
| Account in query | Referred <=12 months Accepted 13+ months |
Accepted all |
| Repossession/Voluntary repossession/Default | Rejected all | Rejected all |
Credit cards and other credit:
| Arrears status | Tier 1 | Tier 2 |
| Settled default <=£1000 |
Rejected <=24 months |
Rejected <=12 months Accepted 13+ months |
| Gone away/Agreed payments/Account transferred/Written off | Referred <=12 months Accepted 13+ months |
Accepted all |
| Account in query | Referred <=12 months Accepted 13+ months |
Accepted all |
| Settled default <=£2000 | Rejected all | Rejected <=12 months Accepted 13+ months |
| Settled default >£2000 or unsettled default | Rejected all | Rejected all |
| Repossession/Voluntary repossession | Rejected all | Rejected all |
| Missed payments (1 month of arrears currently not in arrears) | Accepted all | Accepted all |
| Missed payments (2 month of arrears currently not in arrears) | Rejected <=12 months Accepted 13+ months |
Rejected <=6 months Accepted >6 months |
| Missed payments (>2 month of arrears or status A/B and not currently in arrears) | Rejected <24 months Referred >24-48 months Accepted >48 months |
Rejected <=12 months Accepted >12 months |
Utlities, telecoms and mail order:
| Arrears status | Tier 1 | Tier 2 |
| Settled default <=£1000 |
Referred all |
Accepted all |
| Settled default <=£2000 | Rejected all | Accepted all |
| Repossession/Voluntary repossession | Rejected all | Rejected all |
| Gone away/Agreed payments/Account transferred/Written off | Referred <=6 months Accepted >6 months |
Accepted all |
| Account in query | Referred <=6 months Accepted >6 months |
Accepted all |
| Missed payments (currently in arrears) | Referred all | Accepted all |