Can I Get A New Car on PCP with a Bad Credit History?
Hi, I am looking to buy a used BMW on PCP finance, My credit file is showing as 876 which is fair, this was previously in the 900s so good, but my credit card balance is near the limit so has taken a bit of a hit.
I currently have 4 credit accounts running and I have had no missed payments, defaults or late payments at all. Would this cause problems when applying for finance? Kind Regards, Kieran
February 20, 2014
Hi Kieran, thank you for your question
As you have a decent credit score and 4 active clean credit accounts i'm very confident that we can get you accepted at a lender who offers attractive rates on PCP's. The fact that one credit card is near its limit shouldn't effect the decision
Please make an application and once approved you can choose a car from any dealer and we also provide a no obligation quote. Kind Regards, Rachel