Due to the new data protection law that has come into force on 25 May 2018 we have updated our Privacy Policy which sets out how Oodle Car Finance uses and protects the data that we hold about you.
× Home Dealers FAQ Glossary Journal Careers Contact
GLOSSARY
of terms.

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

Underwriting is the term used by finance providers when they are assessing a person’s finance application to see if they should be approved for finance. In our case, this is an automated and regulated process that determines the risk of lending money to an individual. It also happens in the blink of an eye (a few minutes at most!)