Glossary of terms

From an HP to your APR, we cut through the nonsense to help you demystify the world of car finance.

A Credit score is a number which evaluates a consumer’s creditworthiness based on their credit history. Lenders use credit scores to evaluate the probability that a consumer will repay his or her debts. The higher the number the lower the risk to the lender.We therefore use your credit score to decide whether to lend to you and how to structure the finance arrangement.

An individual or company that acts as an agent and charges a fee/commission to link someone looking for consumer credit with a company willing to provide credit,