Advice and Tips

How can I check my credit history?

Advice and Tips // 25 February 2016

blog image

The biggest thing to consider when getting finance for your car is your credit history. But how can you check this, and what should you look for?

Checking your credit history

Checking your credit history itself is relatively easy. There are many sites that you can use for a free credit history and credit score check, such as Noddle and Experian.

If you’re checking your credit history because you’re planning to take out finance it is best to do the credit check before you start to approach lenders, as the credit check can sometimes leave a mark on your record, depending on what site you use. By checking it yourself, you will have an idea of whether you will be able to get credit or not.

What to look out for

The next thing to do is to check the report for anything that might damage your chances of getting a loan. These are called ‘risk factors’.

Risk factors can be a number of things. The obvious things to look out for are CCJs and declarations of bankruptcy, but you should also look out for smaller factors, such as unpaid fines and civil cases.

If you’re not sure exactly what contributes towards being a risk factor, there are many services that can help.Experian offer a service where you can obtain a credit report alongside a 35-minute session with one of their expert credit educators – who can help you identify items that might require your attention, as well as anything that might lower your credit score.

What to do

Once you’ve obtained your credit report and identified these risk factors, you can take steps to overcome them and repair your financial record.

Alternatively, you can look into a lender that specialises in giving finance to people with poor credit. At Moneybarn, this is our speciality, and with our car finance calculat