Loans

The Providers or Lenders view customers with a 'strong' or 'good' credit profile as people that usually have most (in some cases all) of the following:

• You do need a history of credit to evaluate e.g. you have credit cards/utility customer.
• You are on the electoral role and have been at the same address for a long period (over 5 years).
• You have never missed a payment and you have not been late with payment in recent years for credit or utilities(Your Water/Electricity or Gas bill etc)
• You are employed in same job with the same employer for a reasonable period (or that you are long term self employed).
• You are a homeowner (this can be OK for tenants too if in a very desirable residence or location).
• You have held the same bank account for a long period.

Note: Moneycloud provides this information as a guide only, something to help you understand how providers evaluate you as a potential customer, if you fit into this category you are considered as 'Super Prime' or 'Prime' by the Industry. This information is based upon our Industry knowledge and experience however each provider has its own rules and guidelines which are not published to Moneycloud or other sources, this lending criteria can change and the provider has the right to determine the criteria on how it categorises potential new business enquiries.

The Providers or Lenders view customers with a 'fair' credit profile as people that generally fit the following characteristics:

• You could have changed address a few times in recent years or the provider could have difficulty finding accurate address history on the electoral role, its worth checking this with your local town hall/authorities - they will be happy to oblige.
• You could have changed your employer a few times in recent years or you could be recently self-employed (2-3 years or less).
• You could have missed some payments and / or been late with payment in recent years for credit card payments or utility bill payments (Water, Gas, Electricity etc).
• You frequently apply for credit.
• You have no CCJ's.
• You could already carry a fairly high level of debt.
• You could be in a younger age group and / or living with parents.

Note: Moneycloud provides this information as a guide only, something to help you understand how providers evaluate you as a potential customer, if you fit into this category you are considered as 'Near Prime' by the Industry. This information is based upon our Industry knowledge and experience however each provider has its own rules and guidelines which are not published to Moneycloud or other sources, this lending criteria can change and the provider has the right to determine the criteria on how it categorises potential new business enquiries.

The Providers or Lenders view potential customers with a 'poor' credit profile as people that meet all or even some of the following characteristics:

• You have missed payments and you have been late with payments in recent years.
• You have had CCJ's. Any history of CCJ's make inclusion in this category almost certain (unless very old and you have much improved credit rating since then).
• You have changed your address frequently.
• You have changed your job frequently.
• You could be employed or self employed but you have had very recent or several periods of unemployment.
• You must have a current bank account.
• Your details cannot be found on the electoral register.
• Unfortunately many tenants will often be categorised as 'poor' (this is when the above characteristics apply too).

Note: Moneycloud provides this information as a guide only, something to help you understand how providers evaluate you as a potential customer, if you fit into this category you are considered as 'Sub Prime' by the Industry. This information is based upon our Industry knowledge and experience however each provider has its own rules and guidelines which are not published to Moneycloud or other sources, this lending criteria can change and the provider has the right to determine the criteria on how it categorises potential new business enquiries.

Additional Note: The current climate means that there is a further category which we would undoubtedly call a 'poor' credit profile. This is known in the industry as 'non-conforming'. This market segment includes the unemployed; individuals with a poor credit profile may find it particularly difficult to borrow money in the current economic climate.