Are you feeling frustrated because you have been refused car finance by other lenders? Do you think that your bad credit history, CCJ, or IVA is preventing you from getting the car you want? If so, you are not alone. Many people in the UK face similar challenges when it comes to obtaining car finance. But don’t worry, there are still some options available for you if you have been refused car finance elsewhere. In this blog article, I will explain how you can improve your chances of getting a car loan, and how we can help you find the best deal for your situation.
Before we look at the solutions, let’s first understand the reasons why you might have been refused car finance in the first place. Different lenders have different criteria and policies for assessing your creditworthiness and affordability. Some of the common factors that can affect your eligibility are:
If you fail to meet any of these criteria, you may be refused car finance by some lenders. However, this does not mean that all lenders will reject you. Different lenders have different levels of risk tolerance and flexibility. Some lenders specialize in providing car finance for people with bad credit or other financial difficulties. They may charge higher interest rates or fees, but they may also offer more lenient terms and conditions.
If you have been refused car finance elsewhere, there are some steps you can take to improve your chances of getting approved by another lender. Here are some tips to follow:
At Happy Motor Finance, we understand that not everyone has a perfect credit profile or financial situation. That’s why we work with a panel of lenders who accept customers who have been refused elsewhere. Whether you have bad credit, CCJ’s, arrears, or no credit history, we can help you find a suitable and affordable car finance deal.
We have a simple and fast online application process that only takes a few minutes to complete. We will conduct a soft credit search that will not affect your credit score or leave any footprint on your credit file. We will then match you with the best lender for your circumstances from our panel. You will also have a personal account manager who will assist you throughout the process and answer any questions you may have.
Once you are approved for car finance, you can choose any car from any reputable dealer in the UK. We will handle all the paperwork and arrange the payment for you. You can then drive away in your new car and enjoy the freedom and convenience it brings.
If you have been refused car finance elsewhere, don’t give up on your dream car. Apply with us today and let us help you find the best car finance deal for you.
If you are interested in refinancing your existing car loan, we can also help you with that. Refinancing is the process of paying off an existing loan with a new loan. This can help you save money on interest, lower your monthly payments, or change the loan term. You can learn more about refinancing your car with bad credit. You can also learn more about refinancing your car if you are in an IVA.
We hope you found this article helpful and informative. If you have any questions or feedback, please feel free to contact us. We are always happy to hear from you and assist you with your car finance needs. Thank you for choosing Happy Motor Finance.