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Edwin Miles. Underwriting Manager

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I’m still in my bankruptcy so will I be able to get a van loan?

I’m still in my bankruptcy so will I be able to get a van loan?

Posted by Jason on

Answer.

Hi Jason, although many van finance companies won't accept bankruptcy in your credit history (and some don't like vans either as they're classed as commercial vehicles), we do have a couple on our panel who will be happy to finance you as long as the rest of your profile shows that you're trying to catch up with re-payments. We'd need to see your full credit profile to be able to give a definite answer so please make an application, but it is possible to get van finance - yes. Best regards, Edwin

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Question.

Hi, I received an early discharge from my bankruptcy on 29th May 2009. I've worked really hard to build my credit score and experian now shows it as good. I have been in the same job for over 2 years. I want finance to buy a van, perferably new, i have a good deposit of £2000. I need a good APR so what can you offer please?

Posted by Lyn Turner on

Answer.

Hi Lyn, the fact that you have a large deposit is great news as this will be used to cover the VAT on any van purchase. Since you have been discharged have you kept all of your credit accounts up to date? If so, we should be able to get you anywhere between 10% and 12%. We can source and finance vans but would you consider a 4x4 or estate car? Lastly, have you been approved anywhere yet and if so what rate has been offered to you? Kind Regards, Edwin

Posted by on

Question.

Thanks you. I haven't yet been approved anywhere else, i haven't tried. I did have car finance about a year after my discharge with First Response but the APR was really high at about 40%+ so i haven't looked into it yet. 10%-12% sounds much better. Yes I would consider an estate or 4x4. How do I apply for finance through yourselves?

Posted by Lyn Turner on

Question.

I forgot, yes i keep all of my accounts up-to-date ALWAYS NOW!

Posted by Lyn Turner on

Answer.

Hi Lyn, thank you for the feedback and great to hear that you're up to date now. Please just apply through our website www.carfinance247.co.uk - thank you

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