Yes, as a responsible lending body, Jacaranda Finance is required to complete a credit check on all applications. However, our assessment process takes into consideration your entire financial situation, meaning your credit score isn't the only determining factor of approval or rejection. The better your financial position, the better your loan offer could be.
We will never perform a credit check without your express consent, which you provide to us when you apply for a loan with Jacaranda Finance. We store your acknowledgement and consent for seven years and it can be supplied on demand.
As a rule of thumb, there are four reporting bodies that we may use to conduct a credit search:
Equifax
Experian
Illion
Talefin