Experian and CarCloud agree partnership

Experian and CarCloud have today announced a new partnership that will enable users of CarCloud’s digital management app users will now be able to check eligibility for new car finance deals without it affecting their credit score – giving them the confidence to go ahead with the best, most affordable option.

For lenders, eligibility gives them the ability to identify customers that are likely to be accepted much earlier in the journey, removing applications that would later be declined, saving time and costs, and helping boost conversion and acceptance rates.

Gerardo Montoya, Managing Director, Automotive, at Experian, said “This is a very exciting collaboration for us as, for the very first time, users of CarCloud can take advantage of our industry leading eligibility capabilities that’ll help them make better, more informed decisions about their car financing and confidently navigate the car buying process. We’re thrilled this partnership will play a positive role in empowering more people to take control of their finances.”

Geoff Turral, Co-founder at CarCloud, sai: ‘We’re delighted to be partnering with Experian. It’s a huge step forward in reaching our goal of taking the guess work out of car ownership. Combining Experian’s expertise in car finance and eligibility with CarCloud’s industry insight gives drivers total clarity about the cost of both financing their car and the future monthly costs of running it.”