Car loan (PCP) - additional credit checks

mat1964
mat1964 Posts: 192
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We applied for a car loan back in December when we ordered a car.  The finance company did a hard credit search, approved the loan and sent us all the documentation etc.  Is it likely they will do another search when the car is ready (in a month or so).  

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  • [Deleted User]
    [Deleted User] Posts: 35,242
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    What does the documentation say in terms of approval and provision of funds?
  • Grumpy_chap
    Grumpy_chap Posts: 14,393
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    If nothing has changed, then there is nothing to worry about.
  • mat1964
    mat1964 Posts: 192
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    What does the documentation say in terms of approval and provision of funds?
    It just says that on signing I declare that nothing on the form has changed - but it's not signed until delivery.  Nothing I declared in the application process or on the form  (salary/job etc) has changed, but I have taken on more debt since the process and my credit score is lower.  (The application did not ask about current credit commitments).
  • [Deleted User]
    [Deleted User] Posts: 35,242
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    It doesn't matter if your credit score is lower. They'll have seen your credit commitments from the searches.

    There's a chance another search will be done, but it's unlikely on a car loan.


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