Millions struggled to keep on top of household bills and debts when the pandemic forced businesses to shut and pay was slashed.
Missed payments can harm your chances of getting a mortgage in the future, but experts say past credit mishaps do not mean all hopes of future borrowing are lost.
Nick Morrey, product technical manager at mortgage broker John Charcol, says: ‘Do not panic if you missed some payments last year, but it is important to face up to your situation and start repairing your credit score quickly.’
Struggle: Millions struggled to keep on top of household bills and debts when the pandemic forced businesses to shut and pay was slashed