Knowing how to best buy a car with bad credit doesn’t require a degree, the services of an experienced consultant, weeks of in-depth research into the subject online, or a well-thumbed How-To Guide ordered from Amazon! No. It’s really quite a simple process. If you know who to ask, your application for finance can be approved extraordinarily quickly, too.
OK, so you need a car. The reasons why are entirely your own business, of course. But, if money’s a bit tight right now, how are you going to pay for it? Hmm… If you’re unable to purchase a vehicle outright you’ll probably be looking to make repayments on a car finance deal on a monthly basis. But what if you’ve got bad credit? Can you still get a car? Well, it depends…
If you’re contemplating purchasing a new car on finance, beware of companies claiming to offer a service where loan approval is “guaranteed”. That rarely happens. Why? Because it’s not something that a broker can actually promise. The final decision on finance rests with the lender.
Arranging the right car finance deal is something people all over Britain try to sort out every day. Happily, most succeed. For those with poor credit, the process can sometimes be difficult. But if you’ve got bad credit, should you grab the first finance deal offered to you?
A recent and continuing increase in car finance available even for those with a poor credit record is a signal that higher employment rates along with increased pay across the country has boosted consumer confidence. This can only be good news for those with bad credit who are seeking to sort out a car loan, with the cost of borrowing being low at the moment compared to previous years.
We all need a boost from time to time. A pick up. A tonic. A fillip. The same goes for our credit score or rating. But, how is it done? Why do it? When to do it? Is it best to seek the help of an independent advisor, or can you improve your credit score yourself by making changes, by taking certain steps?