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.