Car finance, affordability evidenced

Monthly repayments, checked on real income.

In the post-commission era, affordability has to be evidenced. Credit Canary verifies income and reads committed spending from the applicant's account, so you approve sustainable car finance and defend the decision.

Declared, then verified

A stated income is a claim. Open banking is the evidence.

Declared
  • Income and budget as typed on the form
  • Affordability assumed from bureau and averages
  • Thin-file or young drivers declined by default
  • Hard to evidence the decision later
Verified with open banking
  • Income verified from real salary credits
  • Committed spend read from actual transactions
  • Affordable thin-file customers approved on evidence
  • A defensible, evidenced affordability decision

Open banking across the car-finance decision

A fair, evidenced affordability check for every applicant.

Income

Verify income down to the payer from real credits.

Affordability

Check the monthly repayment against real surplus.

Conduct

Surface gambling, high-cost credit and returned payments.

Consumer Duty

Evidence a fair, affordable decision you can defend.

The statement, turned into a decision

The Open Banking enrichment behind our wider work, read as verified income and affordability.

One account, read once Illustrative example
Raw bank feed
What the API returns
30 SepNYX*MORRISONS-£34.90
29 SepPayment from Uber Bv+£1,217.40
28 SepRONTEC SEDG...-£21.84
27 SepSKY BET STAKE-£10.00
26 SepTO DRAGOS IONUT M-£30.00
25 SepDD DVLA-SP63MKM-£1.75
Enriched by Credit Canary
Clean counterparty, category and signal, ready to decide on
Morrisons
-£34.90
Essential variableSupermarket
Uber
+£1,217.40
IncomeSalary, verified payer
Rontec, Sedgefield
-£21.84
Essential variableFuel
Sky Bet
-£10.00
RiskGambling
Transfer to D. Ionut
-£30.00
TransfersPerson to person
DVLA
-£1.75
Essential billsRecurring, direct debit
Income verified
£2,405/mo
Salary resolved to a verified payer across several months.
Headroom for repayment
£430/mo
Real committed spend subtracted from verified income.
Conduct surfaced
2 signals
Gambling and high-cost credit surfaced from the feed.

Approve car finance you can defend.

See how Credit Canary verifies income and affordability from a real account.