If you decide to place a car or van contract hire order, a credit line will need to be established for you or your company.

Please be aware that if you have any CCJ’s, defaults, winding up petitions against you or your company, or are in liquidation or administration, you may have an issue in getting credit.

Each of the Contract Hire Partners however will have their own underwriting guidelines and you will be asked to provide them various information to obtain your credit approval. It is important that you disclose all information that may be relevant to your credit application.

Normal payment terms are three months in advance followed by the subsequent payments as indicated for the contract term and usually by Direct Debit unless agreed on credit application.

Other payment terms may be available on request so ask the Contract Hire Partner if you have a different requirement.

You can pre-check your own credit status by using Experian at www.experian.co.uk  This will allow you to find out your current credit score. The higher you score the easier it will be to get credit approval with the contract hire partners on Compare Contract Hire.