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Car Finance Expert Q&A

Hi, I'm Edwin and I'm here to help you!
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Edwin Miles. Underwriting Manager

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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 outstanding debts relating to a car loan. Can you help get me car credit?

I currently have outstanding debt relating to a car i owned previously.

Most of my credit issues are now resolved however, can you help get me approved again and get me a new car?

Posted by Emz on

Answer.

Hi Emz, i really appreciate the question and i'm confident we can help as CarFinance247 specialise in helping people with debts and bad credit.

As you say most of your past issues are now resolved this will go in your favour. As long as you are employed, can prove your income with payslips or bank statements and have a UK licence we should be fine. Would you have a deposit of any description (cash or part ex) as that can help your chances of being approved?

Please make an application when you get chance and once approved we provide a no obligation quote and you can buy a car from any dealer nationwide. Kind Regards, Edwin

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Question.

Hi, I'm on a debt management plan and currently paying off £40k of debt.

I have only just gone onto it in past few months. I need a car for my as I am a "driving instructor". Can you help and if so what's the APR likely to be?

Posted by John Grieves on

Answer.

Hi John, thank you for your question.

The good news is that we do have lenders that help people in debt management plans get car finance. However, due to the large amount outstanding and your past problems you'll be seen as a higher risk than most so the APR will be high. I'd approximate a rate of between 26% to 30% depending upon where we can get you approved.

Please make an application when you get chance and once approved we provide a no obligation quote and you can buy a car from any dealer nationwide. Kind Regards, Edwin

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Question.

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Posted by Helen williams on

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