Tips for getting accepted for car finance
I have a very poor credit score even though I've never had a bank loan, an overdraft or anything but thanks to bank charges on my bank account 6 years ago it's left me with poor credit score. I would love to know some tips to do before applying and how many wage slips do you need as proof of income. Thanks a lot :)
October 22, 2012
2) apply for a small limit credit card with your bank and setup a direct debit to cover the minimum monthly payments.
3) Get a contract mobile phone and don't miss any payments - again direct debit is the best way to go.
4) Have a small deposit ready as this can strengthen your application chances.
5) Make sure you have a full UK licence if you haven't already.
6) Don't apply to multiple companies for a loan as the more searches you have against your name the lower your score will go.
I hope this helps and i look forward to receiving your application. Please apply when you're ready to do so and once approved we provide a no obligation quote and you can buy a car from any dealer in the UK. Kind Regards, Rachel