It’s not much of a surprise that lenders don’t see you as a fully-rounded person. They’re only really interested in the collection of data that relates to your credit history.

When you apply for any kind of credit, the lender will carry out a credit check. They’ll typically see:

  • Your credit score
  • Whether you're on the electoral roll
  • Your recent address history
  • Whether you're bankrupt or have any CCJs
  • How much credit you have available and how much you're using. This is known as credit utilisation. Generally, the smaller the percentage of available credit you're using the better.
  • How many credit applications you've made
  • If you're financially linked to another person, such as having a joint account with your spouse or partner
  • Any defaults or missed payments from the last six years
  • Details of your current bank account
  • Credit accounts you've closed in the last six years.

As well as what’s included in the credit check, the lender will see the information you've included on your application. This could include:

  • Your current salary or other income
  • Your employment history
  • Your monthly outgoings.

Lenders take the information in your credit report and your application, then use their own credit scoring criteria to decides whether or not to approve you for credit.