What is a credit check?

• A credit search, otherwise known as a credit check, is when a company reviews your credit report.  This is to see how well you’ve managed money or credit in the past.

• A credit check shows details about your finances, such as your existing debts and credit available to you. It can also show any financial links you have with other people.

• A credit check will also show court records.  This can include bankruptcies, payment defaults, County Court Judgements (CCJs) and Individual Voluntary Arrangements (IVAs).

• Lenders use credit checks to help them decide whether to accept you for their credit products.

* information collected from our finance provider Duologi.