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Edwin Miles. Underwriting Manager

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Will i get accepted for a pcp with fiat?

Hi, I'm currently considering a PCP deal but concerned i may not get accepted. I work full time, salary of £26,690 so take home around £1725 a month. I've had 2 previous loans which were fully paid off a year ago (no missed or late payments) but I have 4 credit cards that I'm paying off. I have £1500 deposit, so I'm looking at £7985 on finance. I'm also checking my credit score - i'm on the electrol roll and have been for years. Does this sound possible?

Posted by K Dawson on


Hi There, apologies for the delayed response. You seem to tick all the correct boxes to be approved for a PCP with Fiat. You have a good income, a large deposit, good credit and you're on the electoral roll. You mention your 4 credit cards - i take it you've never missed any monthly payments on these? Is this correct? If you have missed payments on our credit cards then you may struggle but if you're just paying back your debt on time each month you'll be fine. Regards, Edwin

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