I believe they are administrative really. The charge is udually about Â£100-150 and they make sure you have everything the lender will need. For me they delay an application (sorry fir being negative).
Search found 4 matches
I think you will be fine. With only 1 default though and over 24mths old I would have tried high street rather than sub-prime as I suspect many of the usual lenders would have accepted you.