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Credit checks during application

As part of our obligations as ethical lenders we will always carry out a credit reference search when you apply for a loan and a credit score will be calculated based on the information you enter and your credit reference information. This will help us make a decision on whether or not we're able to lend to you. We'll then let you know the decision and what the status of your application is. The credit-reference agency we use is Equifax.

Credit scoring is a system used by us and most major banks and finance companies to make decisions on customer applications for borrowing, eg loans, overdrafts, credit cards and mortgages.

This involves calculating a rating, or credit score, from the information you give in your application, including your age, job and existing financial commitments. Checks are also made with credit reference agencies to see if they hold any additional information about you that may influence our decision.

Credit checks are a valuable tool for us to determine that a loan will be affordable for you and can be important in protecting you from fraud.

Representative Example:

If you borrow £1,000 over 36 months at a flat rate of 84% per annum [fixed] with a Representative 204.2% APR you will make 36 monthly payments of £97.98, making a total amount repayable of £3,592.28 including £40.00 document fee and £25.00 Option To Purchase fee. The total charge for credit is £2,660.00. Logbook Loan repayment length from 18 to 60 months. The maximum APR is 389.1%.

Your log book loan is secured against the vehicle, and missing payments could put the car at risk of repossession.

Warning: Late repayment can cause you serious money problems. For help go to