Have you used QuickCheck?

Have you used QuickCheck?

author: Holly

By Holly


When you apply for credit – whether that’s a credit card, loan or mortgage – lenders will look at your credit history to determine if you’re a responsible borrower.

Lenders look at how well you’ve managed credit in the past. They will check to see whether you’ve struggled with your payments or have ever been issued with a CCJ (County Court Judgement).

Applying for credit will leave a mark on your credit history, whether your application is successful or not. This means lenders will be able to see what you’ve previously applied for.

If you’ve applied for a number of products over a short period of time, lenders may worry you’re desperate for money. As a result, they may reject your application, which will affect your credit history and could make it harder to borrow.

The good news is that when you use Ocean QuickCheck, you can find out whether you’ll be accepted before you apply.

What’s QuickCheck?

QuickCheck is a ‘soft search’ tool that allows you to see if you’ll be accepted for the Ocean Credit Card before you apply. You’ll know what rate you’ll be accepted for, meaning you can apply with confidence.  

You’ll be able to see the lender’s decision – whether your application is accepted or not - without it leaving a visible mark on your credit history. This means that other lenders will not be able to see that you’ve used QuickCheck if they run a credit check on you.

So if you’re rejected by QuickCheck, you know not to apply for the Ocean Credit Card as a rejection is likely and this will impact on your credit history.

Shall I check my credit history?

Whether or not you're applying for credit, it's important to check your credit history. Before you apply for any type of credit, it’s a good idea to gather a picture of what lenders can see about you.

After all, if you have negative marks on your credit history, from either missed or late payments in the past for example, you should try to only apply for a card that you’re more likely to be accepted for. This might be one designed for people with imperfect credit histories, and is likely to come with a higher interest rate and lower credit limit.

By regularly keeping up to date with your credit history, you can make sure all the information held about you is correct. If there are any mistakes on your credit history, you can make sure that they are rectified as soon as possible to avoid it affecting your ability to borrow.

You can find out more about how to access your credit history for free here

What about the Ocean Credit Card?

If you have struggled with your payments in the past and are considering ways to improve your credit history, you might consider a credit builder card, like the one available from Ocean.

These cards typically have a lower spending limit and higher interest rate than the best deals on the market. But, as long as you manage your borrowing responsibly and make at least the minimum payment on time each month, you should see your credit history gradually start to improve. This can increase your chances of being accepted for a more competitive deal in the future.

Disclaimer: All information and links are correct at the time of publishing.

author: Holly

By Holly

Have you used QuickCheck? Have you used QuickCheck?