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Can i Get Car Finance After My DRO - Debt Relief Order?

Hi Rachel, My Debt Relief Order (DRO) is due to finish in April 2013. I will have £1000 as a deposit plus a part exchange of a car worth around £1000.

Will i be able to get help with finance after the DRO has finished? Thanks

Asked by Sammy J

Hi Sammy, thank you for your question and apologies for the delay in responding.

The answer to your question is Yes, we'd love to help. The fact that you'll have a £2000 deposit is also a massive help. I take it you have a full UK licence, can prove your income and are on the electoral roll (this isn't mandatory but does help)? Lastly, have you kept your current active agreements up to date payment wise? If so, we'll have a reasonable chance of getting you accepted.

If approved we provide a no obligation quote and you can buy a car from any UK dealer. Please make an application when you're ready. Kind Regards, Rachel

Tim Carpenter
Answered by Tim Carpenter Car Finance Expert Edited on

Liked by 50 People

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

Rates from 6.9%: 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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