Credit Criteria Information

At VanExperts, we work with a carefully selected panel of finance providers to offer competitive rates and flexible terms. Understanding our credit criteria can help you prepare your application and improve your chances of approval.

We assess each application individually and work hard to find suitable finance solutions, even for customers with less-than-perfect credit histories. Our experienced team will guide you through the process and advise on the best options for your circumstances.

Customer Types & Requirements

👤
Individual Customers
Personal van finance
  • UK resident aged 18 or over
  • Permanent employment (minimum 6 months)
  • Minimum annual income £15,000
  • Valid UK driving licence
  • UK bank account (minimum 3 months)
  • Satisfactory credit history
  • Proof of income and address
🔧
Sole Traders
Self-employed individuals
  • Minimum 12 months trading
  • Annual turnover from £20,000
  • SA302 tax calculations (2 years)
  • Business bank account statements
  • UTR number and tax records
  • Public liability insurance
  • Good personal credit rating
🏢
Limited Companies
Incorporated businesses
  • Minimum 12 months trading
  • Annual turnover from £50,000
  • Filed accounts at Companies House
  • Business bank statements (6 months)
  • Director personal guarantees
  • Management accounts if required
  • Good company credit rating
🤝
Partnerships
Business partnerships
  • Minimum 12 months trading
  • Annual turnover from £30,000
  • Partnership tax returns
  • All partners’ personal details
  • Business bank statements
  • Partnership agreement
  • Joint and several liability

Credit Score Bands & Interest Rates

750+
Excellent
Representative APR from 4.9%
650-749
Good
Representative APR from 6.9%
550-649
Fair
Representative APR from 9.9%
Below 550
Poor
Specialist lenders available

Required Documentation

Personal Documents
  • Valid UK driving licence
  • Passport or ID card
  • Proof of address (utility bill)
  • Bank statements (3 months)
  • Payslips (3 months)
  • Employment contract
Business Documents
  • Companies House certificate
  • Filed accounts (2 years)
  • Business bank statements
  • VAT returns (if applicable)
  • Management accounts
  • Business insurance certificate
Self-Employed Documents
  • SA302 tax calculations
  • Tax year overview
  • Business bank statements
  • Accountant’s reference
  • UTR number
  • Public liability insurance
Additional Requirements
  • Trade references
  • Credit file consent
  • Director guarantees
  • Deposit confirmation
  • Vehicle specification
  • Insurance quotation

Application Process

1
Initial Assessment
Quick pre-qualification check and document review
2
Credit Search
Soft credit check to assess eligibility and rates
3
Lender Matching
Match to most suitable lender from our panel
4
Full Application
Complete application with chosen lender
5
Decision
Usually within 24-48 hours of submission

Important Information

💡 Improving Your Application

  • Check your credit report before applying
  • Ensure all documents are up-to-date
  • Consider a larger deposit if possible
  • Be honest about your financial situation
  • Ask us for advice on strengthening your application

⚠️ Credit History Issues?

  • We work with specialist bad credit lenders
  • CCJs, defaults, and bankruptcies may be accepted
  • Higher deposits may be required
  • Interest rates will be higher
  • Guarantors may be needed

🚫 Application Declined?

  • We’ll explain the reasons for decline
  • Alternative lenders may be available
  • Consider waiting to improve credit score
  • Guarantor options may help
  • We provide guidance on next steps

Regulatory Information

VanExperts is an appointed representative of Automotive Compliance Limited which is authorised and regulated by the Financial Conduct Authority (FCA No. 497010). We act as a credit broker and not a lender. All applications are subject to status, terms and conditions apply. You must be 18 or older. We may charge a fee for our services, which will be disclosed before any agreement.

Ready to Apply?

Our finance specialists are here to help you through every step of the application process

Free Credit Check

Soft search with no impact on credit score

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Call: 07837 786 920

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