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Benefits of joint loans for guaranteed car finance

I have a provisional licence and an okay credit rating. i have a few debts but I'm still making payments. My cousins credit is not too good but she has a full licence. Any use in making a joint application? Does it give us a better chance of getting approved?

Posted by Mary on 10/01/2012 @ 00:54

Hi Mary, this is a tricky situation but we do have one lender that helps people with poor credit and provisional licences. You could apply on your own but if you apply with a joint hirer / guarantor you will have a greater chance of being approved as long as your cousin doesn't have worse credit than you do. If your cousin has better credit that you & you have their authorisation to place him/her on the application then the lenders will see it as a lesser risk. I'll look forward to receiving your application. Thanks, Edwin

Posted by Edwin Miles on 12/01/2012 @ 09:06

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