Help & Advice

Finance Refused From Kia

Hi , I was recently refused a personal lease purchase on a Kia Sportage by Kia finance.

On my Equifax credit report I have a red flag for an electoral role issue which I believe is their error and am correcting it. My score Is 487 /600. I have no CCJ or defaults , have been with my bank for 10 years and keep everything up to date.

I still need my car however - should I look to find something through you guys? I'm wary of putting more on my report and denting it any further. Steve

Steve M


Answer

Hi Steve, thank you for your question.

As you have a good credit score and active clean credit accounts, we should be able to get you accepted for finance.

If approved with us, you can choose your car from any reputable dealership in the UK and we'll have you driving your new Kia in no time. Regarding the electoral roll issue has this now been resolved? Are you on the electoral roll at your current address where all your credit is registered too?

If so, please make an application here when you are ready. Kind Regards, Rachel

Answer correct as of September 2016

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In this illustration your credit score is set to

Best available rate
Total repayment
Total cost of credit

Best available rate

Total repayment

Total cost of credit

We compare products from 18 of the UK's top lenders to get you the best deal.

Representative example. Excellent Credit

Borrowing £7,500 over 48 months with a representative APR of 16.8%, an annual interest rate of 16.8% and a deposit of £0.00, the amount payable would be: £211.25 a month, with a total cost of credit of £2,640 and a total amount payable of £10,140.

CarFinance 247 is a broker and not a lender

More related questions

Hi, I am looking to get PCP on a new Kia Sportage. I have an excellent credit rating and earn £23k. My wife has a fair credit rating and earns £34k. The cars worth is £23k. Can you help?

Answer

Hi Sam, thank you for your question.

As you have an excellent credit rating and a large joint income, we shouldn't have any issues getting you a PCP deal on a Kia Sportage.

Please make a joint application here and if approved, you can choose your Kia Sportage from any reputable dealership in the UK and we also provide a no obligation quote. Kind Regards, Rachel

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Rachel Wilson, Underwriting Manager

Set your budget

£
4 years

In this illustration your credit score is set to

Best available rate
Total repayment
Total cost of credit

Best available rate

Total repayment

Total cost of credit

We compare products from 18 of the UK's top lenders to get you the best deal.

Representative example. Excellent Credit

Borrowing £7,500 over 48 months with a representative APR of 16.8%, an annual interest rate of 16.8% and a deposit of £0.00, the amount payable would be: £211.25 a month, with a total cost of credit of £2,640 and a total amount payable of £10,140.

CarFinance 247 is a broker and not a lender