Why do we carry out checks?
We understand that financial checks can be scary, so that’s why we’re breaking down the checks Fair for You carry out on your application so you can have peace of mind when applying for your loan in 2026.
Our checks helps us look beyond credit scores to understand what’s affordable for you. This means that having a low credit score or low income does not automatically mean that we can't help you. Instead we'll consider several aspects as part of the application process.
What checks do we carry out?
When you apply for a loan we carry out credit checks to look at how you’re repaying things right now at the time of your loan application.
Along with this, in some cases, we may also run identity checks.
To help give you the best chances of being accepted for your loan, we may ask for you to share your open banking data with us.
This sounds scary, we understand, but it’s not! This just helps us understand your financial situation a bit better, so we can get the full picture of your situation.
Our numbers show that sharing this open banking data can actually help improve your chances of being accepted.
Can I test the waters first?
If you’re still unsure, you can always test the waters first by using our loan calculator. This will show you how much you can borrow and repayment rates.
Don’t worry, this tool won’t show up on your credit file.