As we are regulated by the FCA, we are required to carry out checks on all of our customers. We also believe this is the responsible thing to do for our customers and Raylo. Based on this information unfortunately we sometimes have to say no, but if we do say no we will not leave a hard search on your credit report.

We will report your payments to credit reference agencies. If your payments are made on time this could help boost your credit score. However, non-payments are likely to adversely affect your score.

If you need further information, we suggest you review your free credit report from Credit Karma ( or ClearScore ( This article from MoneySavingExpert also provides useful information on credit scores and reports.

Don’t hesitate to contact us if you need any further help.

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