Pepper Money has simplified its criteria for borrowers with adverse credit.

Simplified product tiers, which range from Pepper 6 to Pepper 48, are designed to make it easier for brokers to quickly recognise the criteria that applies to their client’s circumstances.

Pepper 48, which has rates starting from 2.17%, is available for clients who have had no defaults, CCJs, mortgage or secured loan missed payments and arrears in the last 48 months.

Pepper 36, with rates starting from 2.23%, is available for clients who have had no defaults, CCJs, mortgage or secured loan missed payments and arrears in the last 36 months.

This criteria continues through the range for Pepper 24, Pepper 18 and Pepper 12. Pepper 6 is available to clients who have had no defaults or CCJs in the last sox months, and no mortgage or secured loan missed payments and arrears in the last 12 months.

James Blower (pictured), marketing director at Pepper Money, said: “At Pepper Money, it’s important we make it as easy as possible for brokers to find a home for their interesting cases, which is why we take a transparent approach to publishing all of our criteria upfront and don’t use credit scores to make our decisions.

“We’re always reviewing our products to identify areas of potential improvement and were able to agree this new way of structuring our adverse credit criteria, which we think is the most straightforward in the market.”