Do you have to be on the Voters / Electoral Roll to get approved for car loans?
ive recently applied for finance for around 3,000 but got turned down, my credit expert account says my credit score is excellent but as ive moved 3 times in the last two years and not been on the electoral roll i feel this is going against me, is there ways i can still get finance without it looking bad on my credit score with all the rejections?
January 16, 2013
Hi Nik, You don't necessarily need to be registered on the electoral roll in order to gain finance. However it can go a long way in helping obtain an approval as it shows the lenders you are traceable. It will also help if you re register any active credit to your current address. There may be something we can do to help you. With regards to your credit profile we will run a shallow credit search (to see which woulod be the best lender for you) which should show as an enquiry on your credit profile but this is the only way to see if we could gain you an approval. Kind regards,Rachel