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Old 21 September 2006, 06:48 PM
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Ballistic
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Default Car finance with a poor credit history

Can anyone recommend a finance company that will lend £35k (over 4 years with a 10% deposit and a balloon payment) for a car loan to someone with a poor credit history;
CCJ (late payment of a utility bill whilst working overseas)
Missed mortgage payment due to bank cocking-up direct debit.

Any pointers much appreciated.

Thanks
Old 21 September 2006, 07:08 PM
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Boro
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Seems alot to ask tbh. Ive struggled getting people into cars for £3500 with less bad history than that.

To lend someone over £30k for a car would be considered a huge risk.

Best of luck tho! What car is it out of interest?
Old 21 September 2006, 07:37 PM
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J4CKO
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Trouble is you will get hammered, on the price and the interest.

Went round 'Carcraft of Rochdale' the other day, 20% interest and sheds at high prices, ratty Y reg Punto for 4960, new ones arent much more than that.
Old 21 September 2006, 08:10 PM
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B9GLY
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if it was your bank cocking up the direct debit then surely you can have that taken off your credit history???????????????
Old 21 September 2006, 08:31 PM
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NotoriousREV
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Originally Posted by B9GLY
if it was your bank cocking up the direct debit then surely you can have that taken off your credit history???????????????
You also don't get a CCJ for paying a Utility bill "late". It takes a lot of ignoring of letters and phone calls to get to that stage.
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