What is a credit search?
A credit search is a check that is performed by a financial lender to assess an individual’s eligibility for a loan such as a car finance agreement. Credit lenders will perform hard and soft credit checks which involve assessing your credit score which is based on your credit history.
Do they do a credit check for car finance?
Most car finance companies will carry out a credit check when assessing your application for car finance. The exact information they base their assessment on will differ between lenders, but ultimately they are all weighing up the level of risk when lending the money.
