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Credit Check for PCP Agreement (Question)
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s_r
Posts: 42 Forumite

Hi
Later today, I am going to put the deposit down for buying a vehicle through the PCP finance agreement. Never having bought a car before, I was wondering the following:
The car company will (understandably) conduct a credit check to be able to ascertain affordability for me according to their lending criteria.
My question is that for this should I give (for credit check) my 1st current account details that I have had for 20+ years and is my main current account (where my salary goes into etc.) or can I give them my 2nd current account that I opened recently? The reason I am considering giving the 2nd current account details is because I want to keep the direct debit payments for the PCP completely separate from my main account and therefore I want the direct debit payments from my 2nd account... OR can I simply just mention which account I need the monthly payment taken from regardless of which account details I give for the credit check?!?
My 2nd account was only opened a month ago and does not yet show up on some credit reports (Experian and Clear Score).
Thank you for reading.
Later today, I am going to put the deposit down for buying a vehicle through the PCP finance agreement. Never having bought a car before, I was wondering the following:
The car company will (understandably) conduct a credit check to be able to ascertain affordability for me according to their lending criteria.
My question is that for this should I give (for credit check) my 1st current account details that I have had for 20+ years and is my main current account (where my salary goes into etc.) or can I give them my 2nd current account that I opened recently? The reason I am considering giving the 2nd current account details is because I want to keep the direct debit payments for the PCP completely separate from my main account and therefore I want the direct debit payments from my 2nd account... OR can I simply just mention which account I need the monthly payment taken from regardless of which account details I give for the credit check?!?
My 2nd account was only opened a month ago and does not yet show up on some credit reports (Experian and Clear Score).
Thank you for reading.
0
Comments
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The only account details you need to give are for making payment from. It has no impact on the credit check.1
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