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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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Declined for a car loan with excellent credit!

Hi, i have an excellent credit rating (999). I was turned down numerous times by banks.

Why is that? Would you be able to provide car loan for me?

Posted by Karolis on

Answer.

Hi Karolis, thank you for your question and apologies for the delay in responding.

Firstly, are you on the electoral roll at your current address? This isn't mandatory but it does allow us and the banks to trace your address & credit history easily.

Do you have any form of current active credit for the banks to base their decision on? I ask this as sometimes people have good credit scores but a lack of active credit which can go against you unfortunately. I also take it that you can you prove your income if required? Lastly, did the banks give any reason for your application being refused?

The good news is we're here to help. Please make an application to see if we can help and, if approved, you can choose a car from any reputable dealer and we also provide a no obligation quote. Kind Regards, Edwin

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Question.

Hello, My 19 year old daughter has just been declined car finance.

However, she has a good credit rating and has active credit which is all up to date, a full time job and is on the electoral role. Would you be able to help?

She also has an exsisting car worth 2000 to trade in, thanks

Posted by Sue Fleming on

Answer.

Hi Sue, thank you for your question.

Your daughter certainly seems to tick all the boxes, so as long as she has a full UK licence, we'd should be able to get her approved. The large trade in deposit will help, as will her active credit and electoral roll status.

When your daughter is ready, she can make an application to see if we can help. If approved, she can choose a car from any reputable dealer and we also provide a no obligation quote. Kind Regards, Edwin

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