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Hire Purchase
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Do hire purchase agreements show up on a credit profile? Car dealer says no and that it therefore doesn't need declared on a mortgage application but financial advisor says yes. I can't see any evidence of my HP agreement on my credit profile so who is right???
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For more on marking an answer as the "Best Answer", please visit our FAQ.A mortgage application requires that you fully divulge all of your regular financial commitments (which would include any HP repayments). It's irrelevant as to whether such an agreement shows up on a credit reference check or not; failure to disclose it would be a criminal offence under Section 3 of the Fraud Act 2006.