Specialist mortgage lender, Pepper Money, has identified a simple missed credit payment as the most common reason for people to have an adverse credit record as part of its Adverse Credit Study, in association with YouGov. Some 73% of people with an adverse credit record have a missed credit payment, and 43% of all adults who have missed a credit payment said they have missed more than one. The second most common reason is missing several credit payments, resulting in a Default, which has been experienced by 35% of people with adverse credit. Just over a quarter (27%) have entered into a Debt Management Plan and a similar number (26%) have unsecured arrears.