Applying for finance can be daunting for anyone – finding all the paperwork and information that’s otherwise tucked away in a drawer or cupboard can be overwhelming enough! So, here at My Car Credit, we try to make it as easy and straightforward as possible.


As with any other kind of finance application, car finance does require a lot of paperwork but don’t worry because we are here to assist you with that. Here’s a breakdown of all the paperwork and information you’re going to need when applying for car finance with us.


Representative APR 23.9%



Before the paperwork


We make it as easy as possible for you to start your car buying journey with us, which is why we only ask you to complete a simple online application form to begin with. This usually takes less than three minutes and requires basic information such as your full name, date of birth, marital status, residential status and your recent address history.


Once this has been completed, you will receive your decision on-screen, as well as by email and text. Your personal Car Credit Specialist will then be in touch to guide you through the rest of your car-buying journey.


To be able to help you with this, your Car Credit Specialist will require some initial paperwork from you. It’s important to note that the types of paperwork we will require can differ depending on your credit profile and the lender we are able to match you with.


Proof of employment and earnings


My Car Credit requires information regarding your employment and earnings so that we can treat you fairly, as a person and a customer. We need to be able to see that you can afford the agreement you are looking to take out – this is known as an ‘affordability check’. Essentially, we do this to make sure you are protected from getting into any financial difficulty in the future.


To begin your affordability check, we will need you to provide the names and addresses of all of your employers for at least the last three years (sometimes longer if you have frequently changed jobs or have gaps in your employment history).


You may also be required to prove your earnings, which will require you to send us copies of your payslips, usually accounting for the last three to six months’ wages. This is a simple safety precaution to make sure that your wages are being paid to you.


We might ask you to provide bank statements dating back for a certain period to show your income. If most of your income is cash and doesn’t show up in your bank statements, you may need to show other information to back up your income claims (such as tax return information).


Alternatively, for your convenience, we may ask you take a clear photograph/clear scanned copy and email them to us. However, the copies must be clear enough for us to be able to read all of the details on them.


Driving licence


Your driving licence will be required regardless of any other circumstances.


We need this to prove that you are qualified to drive the car you are looking to buy. It also acts as proof that you will be the owner and registered keeper (i.e. sole user) of the car.


There are two ways you can provide us with your driving license details: you can send us a clear, scanned picture of your driving licence or you can post it to us. Don’t worry, we will keep this safe for you and will return it as soon as we have verified that it is your own driving license.


A selfie


In order to confirm that you are who you say you are in your application, we may ask you to provide a selfie of you holding your own driving license.


With the rise of technology, we have chosen this as a convenient way for you to prove your identity and for us to be protected against fraud.


Bank account details


We will need the bank account details for the account that you will be using for your monthly payments. You will need to provide us with the branch’s address and sort code, as well as your account number.


The account usually needs to be in your name (or jointly in your name). Again, if you have less than three years with your current bank, you will probably need to provide previous bank details.


Where you have a joint bank account with a spouse, we may also need some financial information from them.


Additional information


If there are issues with any of your documentation, your personal Car Credit Specialist will inform you of any extra information we may require. This isn’t uncommon and it’s certainly nothing to worry about.


The requirement for additional information can result for a number of reasons. It can occur because you have recently moved to the UK and are therefore unable to provide three years residence information. In this case, you may be asked for overseas checks.


Alternatively, younger drivers that may not have the relevant employment or credit history, might be asked to provide information of a Guarantor, as well as their own.


There are a number of circumstances that may require the submission of additional information, and this should not be seen as a negative sign for your car finance. We only ask for this information to improve your chances of being accepted and make sure that we get the right finance deal for you.


Here at My Car Credit, we want you to be in your new car as soon as possible so we are trained to help and advise you. Get in touch with any questions or why not start your car buying journey now and click here to apply with My Car Credit?


Representative APR 23.9%