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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 car finance due to late credit card payment

Hello, I have had a car on lease for the past 3 years & have never missed any payments. However I've gone to renew my deal and been declined due to a late credit card payment.

I'm reluctant to continue having credit searches done can you suggest anything?

Posted by Paul Derybyshire on


Hi Paul, sincere apologies for the delayed response.

How many searches have been performed on your credit file recently and to how many different companies have you applied? We specialise in helping people obtain car finance when they have been declined elsewhere but to establish whether we'll be able to help you we'll need to carry out a credit search ourselves so that we can see your credit history.

If you don't want to do this it'd be great if you could supply me with the details of the amount you wish to finance and the deposit amount you have. Also if you could give me more details on your credit history that'd help inform my decision and if you could let me know where you've been declined that'd also aid my decision.

However, as you say you've just missed one or two credit card payments i'm confident that we can get you approved. Please make an application and once 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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My other half wants to trade in our car for a more economical one because of a change in job means he's travelling more. Went back to dealer we used saw a car we liked but he's been declined finance. Can we apply elsewhere?

Posted by Amanda on


Hi Amanda, Yes! You can apply with us. We deal with most lenders on the market and manage to secure 90% of our customers an approval. You will find that most dealers work with prime lenders so require customers to have near on perfect credit making it harder to get approved. Please put an application through when you are ready so we can look to get you into that new car as soon as possible! have a good day. Edwin

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