Are you having problems getting a car sorted? Perhaps every car finance company you approach turns you down. And maybe you’re coming close to the point of giving up now – even wrestling with the notion that you probably shouldn’t have even been looking to take on a car loan in the first place!
Jargon, jargon, everywhere… At least, that’s how it often seems these days, doesn’t it, particularly in the world of car finance! If only people would speak plain, keep things simple, give it to us straight each time. Imagine how easy it would be to understand and absorb information, and to assess it before coming to a decision.
Is there one single credit score that we all have, and if the score’s low, is it then added to one central credit blacklist somewhere in the UK, for lenders everywhere to access? The simple answer is no. So, if you’re ever asked if you’ve got good or bad credit, you could answer: “It depends on who’s keeping score!”
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.
When it comes to making car finance repayments, can you say for sure that you’re “guaranteed” to find the money each month, and are therefore a good bet for a lender? Hmm… How many of us can safely say that? It doesn’t mean you’re a first class swot if you spend some time looking at the numbers – it means you’ve got a sensible head on your shoulders!
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?