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credits? 7.5 or 15 etc

I have a question about the meaning of credits. I know modules are worth 7.5 credits and 15 credits usually and some worth more.
In my year 2 exams i got below 40% in a 15 credit module and in my transcript it now says i don't have those 15 credits from year 2. I did pass the module though as I didn't get below 35% and it was the one module where i got below 40%.

I just want to know if losing those 15 credits is going to affect my studies e.g. degree classification etc?

i am in year 3 of 4 now of a undergrad MEng.

thanks

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