What happens if you don’t pay your car finance?
‘I have a car on finance and can’t afford it, what are my options?’. Circumstances can change – whether you’ve suddenly lost your job, are unable to keep up with the cost of living, or are being held back by a bad credit score. As a result, you may be struggling to meet the monthly […]
Does a soft credit check show a CCJ?
Does a soft credit check show a CCJ? The simple answer is yes. Once you’ve applied for car finance, the lender will do a few initial background checks to make sure that you’re eligible. One of the places they look is your credit file – a financial record containing a range of information. This will […]
What credit score do you need for finance in the UK?
To put it simply, there is no exact credit score for car finance. While a good score will certainly help to improve your chances, there is a range of different criteria that lenders will consider. This includes your employment status, your income, and your ability to afford the loan. Most importantly, they want to ensure […]