If you ever see an offer of “Guaranteed Approval on Car Loan Applications”, take that with a pinch of salt (or other seasoning of your choice). Especially if it’s a dealership. Why? Because only lenders can make promises like that. Dealers who use lenders to approve applications simply can’t guarantee that loans will be approved. It’s not the way it works.
Right. You need a car loan, pronto! But you’ve got poor credit, or you have CCJs on the register, there’s a couple of missed payments on your credit card record, or you’ve defaulted on some other kind of loan in the past, meaning that your credit score is pretty low right now. Don’t fret.
“Nothing in life comes with a guarantee.” Who said that? Well, whoever it was, they were certainly not wrong!
There’s bad credit, and then there’s really bad credit. Just as there’s bad car finance companies, and really bad ones. Sorry to get things off on such a negative note! Don’t worry. Things brighten up from here. Promise!
If you’ve got a County Court Judgment against you, you’ll know that it can stop you from doing a multitude of things. Now that can be frustrating. Downright MADDENING at times, actually. The good news is, even if you’ve got a CCJ, you can still get the car finance you need, if you know where to look and who to ask…
REALITY CHECK: Very few of us go through life without having to borrow money at some point, do we? That’s good news for finance companies and other types of lenders, but only if they get their money back over an agreed period, of course! Continue reading