Don’t Know – If you are not sure that you have a credit agency default listing registered against your name.

Good Rating – If you have no late payments or dishonour fees in the past 12 months and no credit or bankruptcy default listings.

Late Payments – If your home loan statements over the past 12 months show late payments or reversals.

Minor Default – If you have been default listed by a credit agency for an amount under $500.00.

Major Default – If you have been default listed by a credit agency for amounts over $500.00 or Judgements, Part “X” Arrangements, Bankruptcy or multiple defaults.