Attractive and affordable finance is all very well, but what if you think you have poor or bad credit? Doesn’t that mean that any lender is going to disregard any application for credit with the utmost suspicion and reject your request for the necessary car finance?
Many lenders consider your bad credit as a representation of you as a person. If you have bad credit then they assume you will run into difficulties in repaying and default on repayments of any loans. The assessment of your credit status is carried out by many lenders through credit agencies in the UK, such as Experian and CallCredit.
The credit reference agencies might reveal a bad credit record for a number of reasons, but mainly because of your past difficulties in managing finance and debt. Those difficulties might be shown as:
- A past declaration of bankruptcy
- County Court Judgments (CCJ’s)
- Your entry into an Individual Voluntary Arrangement (IVA)
- The fact that you have had to make a formal Debt Management Plan in your struggle to manage your debts.
If you have ever been in any of these situations or these are shown on record then it is almost certain to result in lenders rejecting your application for further credit, due to your bad debt status.
How Can Tailor Made Car Finance Help If You Have Bad Credit?
Tailor Made Car Finance are specialists in offering car finance to customers applying for guaranteed finance. Through our excellent service and ability to find the right car at the right price, we have grown in size and experience, becoming experts in our field. This allows us to offer our wide range of clients a professional and knowledgeable service to help them get the car of their dreams. We pride ourselves on providing the best car finance service to ensure you get the car you want at a price you can afford.
We offer excellent rates and repayment options meaning there are variable APR Rates and repayment schedules, providing you with a tailor made service.
Most of our customers drive away the same week, if not the same day. We don’t waste time going back and forth, but we do like to ensure your new car is professionally prepared and delivered direct to your drive.
We have an excellent record for securing finance for people who have been refused in the past, giving that hope of obtaining finance for those who thought they would struggle.
Our finance experts have many years of industry experience which allows us to provide the most competitive products available, seven days a week, twenty-four hours a day.
To find out more about how we can help you call us now on 01279 927001. We are based in Harlow, Essex and our simple and easy application form can be found on our website. Our email address is email@example.com.