Can I Get Approved for Car Finance with an Average Credit Rating?
Hi. I am looking to get credit for a new car. I wonder how I will get on. I want to buy a car worth £16700 and put down £5000 deposit. I have a salary of £52k per year. My credit report reads 371 with equifax which I believe is average. I moved house in December and have submitted my name to council but doesn't seem to show up yet. All my previous address's`s had me registered and this is shown. I have two o2 contracts which I have not missed payment for in 4 years, I have capital one credit car which I have started to use and clear every month. I have freemans which I have never missed payment on. I had an old talk talk mobile which I also never made any late payments. I have made 4 late payments to studio in the last year, the reason for this was that i kept asking them to set up a direct debit and it never got done, this was at a time when my mother was poorly. What do you think my chances are?? I want to get a car this year and show that i can pay it no bother, then next year to get a mortgage. Thanks Liam
May 29, 2013
Hi Liam, as you have a large deposit, a good income and some current clean credit i'm confident we'd get you approved for the amount you need. Please apply when you get a moment. Regards, Rachel