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I'm in a debt management plan. Can i get car finance?

Hello, i'm currently with a debt managament company. Will i still be able to get car finance?

Asked by Paul Graham

Hi Paul, Thank you for your question and using our Q&A.

The good news is that we can help people that are currently in debt management plans however, it all depends upon how bad your actual credit profile is and how much debt you have outstanding. Are you on the voters roll and are you in full time employment? Are you paying your current bills on time?

If the answer is yes to these 3 questions then we may be able to help you. How much were you looking at borrowing and what's your monthly budget? Please make an application and we'll see whether we can get you a car loan even though you're in a debt management plan. Once approved you can choose a car from any dealer and we also provide a no obligation quote. Kind Regards, Rachel

Tim Carpenter
Answered by Tim Carpenter Car Finance Expert Edited on

Liked by 384 People

5 Years
Total cost of credit £ XXX.XX
Total repayment £ XX,XX.XX
48 monthly
payments of
£ 245 98

Rates from 6.9% APR: the exact rate you will be offered will be based on your circumstances

Representative example: borrowing £6,500 over 5 years with a representative APR of 27.4%, an annual interest rate of 27.4% (Fixed) and a deposit of £0.00, the amount payable would be £188.74 per month, with a total cost of credit of £4,824.37 and a total amount payable of £11,324.37

Rates may differ as they are dependent on individual circumstances. Subject to status.

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