Car finance glossary | S


The term SECCI refers to the Standard European Consumer Credit Information document that everyone who takes out a finance agreement must be provided with before signing the agreement. It explains all the charges, terms and requirements that must be met during the agreement.
SECCI Explained >

Secured Loan

A secured loan is a finance agreement where the asset being bought is used as collateral to secure the repayments. It basically means that if you do not meet your repayments, the finance provider can seize the asset to recover their costs.
Secured Loan Explained >

Source and Supply

Source and supply refers to Creditplus not only finding the right car finance package for you, but also finding the car. We have a dedicated team of car buyers
Source and Supply Explained >

Soft Credit Check

Soft Credit Check Explained >

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