What is Findeks Credit Score? Why is it Important?

What is Findeks Credit Score? Why is it Important When Renting a Car?

With the digitalization of many processes today, our financial history and reliability are encountered in many areas of our lives. Renting a car is one of them. As RentiCar, we often get asked a question: "Why is the Findeks credit score important when renting a car?" In this article, we will explain the answer to this question in detail.

What is Findeks Credit Score?

Findeks Credit Score is a risk assessment score created by analyzing the debt and payment habits of individuals in Turkey with banking and financial institutions. This score includes a lot of data, from your credit card payments to your overdraft accounts, and the repayment regularity of the loans you take. The credit score is calculated on a scale from 1 to 1900, and the higher this score, the more financially reliable you are.

Why is Findeks Credit Score Important for Car Rentals?

The financial reliability of the customer is of great importance to car rental companies. The car you rent is a high-value asset. Therefore, the company seeks assurance that you will return the vehicle on time and without issues, fulfill your responsibilities in case of possible damage, and not create any problems in legal processes. This is where the Findeks Credit Score comes into play.

1. Indicator of Reliability: A high credit score indicates that you are an individual who takes your financial responsibilities seriously. This allows the rental company to confidently hand over the vehicle to you.

2. Fast and Smooth Transaction: Rental companies want to optimize their risk management processes. A customer with a high credit score speeds up this process. This way, you can get your car faster instead of dealing with paperwork.

3. Easier Rental Approval: Especially when you want to rent luxury or high-segment vehicles, rental companies may apply stricter criteria. A good Findeks Credit Score can facilitate your rental approval for such vehicles and ensure that a wider range of vehicles is available to you.

What Should You Do If Your Credit Score is Low?
What if your credit score is lower than you expected? Don't panic. There are steps you can take to improve your credit score:

Pay Your Debts Regularly: The most basic and important step is to pay your credit card and loan debts on time and in full.

Active Financial Life: Not having any financial history can also lower your score. Having a credit card that you use regularly or taking out a small loan and paying it back on time can positively affect your score.

Avoid Unnecessary Applications: Applying for numerous loans or credit cards in a short period can negatively affect your score.

As RentiCar, we aim to provide our customers with the best experience. The Findeks Credit Score is an important tool for this experience to proceed smoothly. Remember, having a good financial history not only makes your car rental processes easier but also helps you achieve your future financial goals.