A credit history is a record of a Borrower's responsible repayment of debts over a period of time. When applying for a loan, lenders will often look at an individual's credit record which details out their credit history from a variety of sources, including banks, credit card companies, collection agencies and governments. This helps the lender to judge the risk of lending money to an individual.Back to Terms
Loans are subject to status and affordability. *Consolidating debts may increase the term and the total amount payable.
Before entering into any credit agreement please make sure you can afford the monthly repayments, we recommend that you seek independent advice if you are unsure of any of the terms of our agreement. There may be other taxes or costs, not paid through us or charged by us, that you have to pay in connection with the agreement.
Late repayments can cause you serious money problems. For help go to www.moneyadviceservice.org.uk
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