Loans - If I apply for a loan, are any checks made on my financial history?

 
 
 

Below we have outlined the most common questions asked about loans.
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How can OnlyFinance help you?
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How much can I borrow?
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How do I pay it back?
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What is an annual percentage rate (APR)?
If I apply for a loan, are any checks made on my financial history?
If I have a bad financial history can I still get a loan?
Can I repay my loan early?
What happens if I’m late or can’t make a repayment

If I apply for a loan, are any checks made on my financial history?

In most cases your financial history will be looked into when the lender considers how much to lend you and how you will repay them. This search is usually done through a credit reference agency who will look at your current and past financial status including people you a have a financial relationship with.

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Loans News Latest News
28/11/2008 - Tory leader calls for loan guarantee scheme. Tory leader David Cameron has called for a National...
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THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPATMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT
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