For those who have a greater rating then there’s no danger if you are a defaulter. Credit ratings usually are according to credit file you need to often be continued the eye of one’s credit history.
You can find companies which maintain your credit history. One of these is CrediWtors. They use the FICO score. This rating varies between 300 to 850 which is determined on such basis as various credit information which reflects on your own credit file.
Your belated repayment affects FICO rating in which you are on time re payment increases it.