Skip to content

Car Finance Expert Q&A

Hi, I'm Edwin and I'm here to help you!
image description

Edwin Miles. Underwriting Manager

Car Finance Calculator

Calculate your loan immediately


How can I help you?

Do you have a question about Carfinance247 or its services? If so, please complete the form below for a response within 1 working hours. I have over 7 years experience working for Carfinance247 and have the responsibility to answer all questions asked.

I have a balloon payment due and have been turned down for extended car credit

I have a payment of £5200 to make to VW and asked to refinance this. I have been turned down for further credit. My credit history isn't the best, are there any options that may be available to me? My husband is a self employed black cab driver on decent money but his credit is bad? Thank you for your time.

Posted by Nicole willis on


Hi Nicole, as a business we provide the car along with the finance. Your best option would be to part exchange the vehicle with us and we'll settle the finance with VW. We can then arrange a new finance agreement with one of our lenders and supply you with a new car of your choice that fits your affordability. You may be best doing a joint application for finance with your partner as that can strengthen the application. We have plenty of lenders that are there to help people in your situation and there is always a solution. Please check out our testimonials on the site from happy car finance 247 customers. I hope i've helped in some way. Kind Regards, Edwin

Posted by on

Rate Edwin’s advice.

image description

Do you have a question on this topic?

Ask a question or leave a comment on this topic below

Back to Car Finance Expert Q&A

Back to top