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  • Is a credit check needed?

  • Blog
  • Is a credit check needed?

    Updated: August 16, 2022

    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.