Who qualifies for Cardeo Credit?
Lola Shotinwa avatar
Written by Lola Shotinwa
Updated over a week ago

When you apply for Cardeo Credit we run a check to make sure that it would be responsible to lend to you, and to work out what to offer.

We check your information with credit reference agencies. We also look at your open banking data, for example recent transactions in your accounts.

We check your identity (mainly for anti-money laundering purposes), creditworthiness and whether you would be able to afford the repayments. About our credit checks

A few reasons that someone might not qualify

  • We are unable to verify income

  • Not enough matching information to verify identity

  • Name on a sanctions list

  • Flag on the credit file, such as a CCJ or IVA

  • Pattern of not making payments

  • Debt-to-income ratio too high

Another qualification consideration is that we only offer Cardeo Credit where we can beat the rate of your existing credit cards by at least 1%.

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