For people with a CCJ against their names, missed credit card payments and mortgage arrears the possibility that they have a bad credit rating is high. The consequences of having a bad credit rating don't rear their ugly head unless you try to get credit from a lending agency. When you do, these companies will inquire about your credit past and will most likely come to the conclusion that you present an unacceptable risk which will result in you being turned down for the loan you require.
The answer to this problem is never easy but you two main choices are to make efforts to improve your credit rating or find a lender who is willing to give you money regardless. Putting your credit score in order will take some time and effort so most people who are looking for money will opt to find a more lenient lender.
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