You can, assuming that you meet our criteria. In this situation, we will usually conduct a deeper analysis of your finances and credit score. A default on your record suggests that you present more risk. We’re looking for evidence that the risk no longer exists and you can service your new loan. If we accept your loan application, we may apply a higher interest rate than we would without the default. We may also require further documentation relating to the defaulted loan, which we will request when needed.