2 min read
Definition
A personal credit check examines a director's own credit history. It becomes relevant when a lender takes a personal guarantee, because the director is then personally on the hook and their credit matters.
When it does not apply
For company-only lending with no personal guarantee, a personal credit check is not the basis of the decision — the company check is. See no-PG loans.
Related reading
Company credit check
A lender's review of a limited company's own credit file and score — distinct from any check on the director…
Read →
Personal guarantee
A personal guarantee is a director's legally binding promise to repay a company's debt from their own money…
Read →
Business loans with no personal guarantee
A no-personal-guarantee loan lets a limited company borrow without a director signing away their own assets…
Read →Business credit score
A rating held on a limited company by credit reference agencies, condensing its payment record, filings and…
Read →Funding for UK limited companies
Credicorp lends to your company, not to you personally — short-term working capital with no personal guarantee. See what your business could access.