Can You Explain What Hire Purchase Is?
Hi, I'm wanting to get a car on Hire purchase but don't want to go ahead with it if there's a possibility I could get declined. My credit score is 898 and I don't have any late payments or any ccj's. I recently applied for a personal loan of £2000 and got declined but when I questioned it, they said it was because I have never had any loans in the past and I only have revolving credit.. like store cards, credit card and a few online accounts (very and next). My credit limits have been upped several times on these accounts as I am good at paying on time. Could you tell me if you think I will be ok? I know it's hard going off this but I just don't want to build my hopes up if I may be declined. Thanks
July 28, 2013
Hi Leanne, from what you have said we'd may be able to get you approved for hire purchase as you have a good credit score, no missed payments and some current active credit accounts. I'm assuming that you have a UK licence and can prove your income if requested . Please make an application when you're ready and if approved you can choose a car from any reputable dealer and we also provide a no obligation quote. Kind Regards, Rachel