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I agree it's not that great. It's a whole sentence with 4 keywords that does not flow so well - imo that is too much. Usually more than 2 keywords is not desirable.
Alternate names like AvoidDefault would sound a tad better to me. Better yet use more positive keywords like 'loan' unless you really want to get into credit counselling. Also depends on your target: lender or consumer. For the lenders: something like RecoverMyDues perhaps. For the consumers: AvoidDefault or AvoidCCJ if you are in the UK.