What credit checks are undertaken?
14 January 2025
Access to a loan is not guaranteed and you will need to go through a lender approval process which will assess your financial circumstances and your ability to repay the loan. Your credit file will be searched by the lender. No credit checks are undertaken for hire customers.
Loans and Hire agreements
Section 2: Loan customers only
When do repayments commence?
The first payment will be notified in the welcome letter which you will receive from the lender once the loan agreement ...
Loans and Hire agreements
Section 2: Loan customers only
How do I request the current balance of my loan at any time?
The lender will send you an Annual Statement on the first anniversary of the agreement start date and annually thereafte...
Loans and Hire agreements
Section 2: Loan customers only
What happens if I miss a payment?
If you don’t make the monthly repayments on time your credit rating and your ability to access credit in future may be...