Individuals who are refused car finance
may believe they have no options other than to continue doing without a vehicle or keep driving the one they currently own. This does not have to be the case, however, as a Guaranteed Car loan
can be found. Those who are self employed may find they can't get traditional financing and the same is true of individuals with a CCJ or IVA in their past. Regardless of a person's credit history though, there is a car loan if a person knows where to look.
The key to finding a car loan of this type is knowing where to look. Many lenders state they will loan money to any buyer, then find a way to avoid doing so. Every inquiry on a person's credit hurts their credit score and this needs to be kept in mind. Thankfully, credit bureaus now allow multiple inquires in a short time period and only count it as one inquiry. To make the process even easier, companies now take on the task of searching multiple lenders for consumers.
This service looks to see which package is best based on the unique circumstances of the client. There is no one loan that meets the needs of all, which is why the service works with multiple finance companies. This type of program is very successful, as acceptance is guaranteed for all who apply, even those who have no money for a deposit. The problem some encounter is they are accepted by a finance company, but the repayment plan is so outrageous that they cannot comply and they have to turn the loan down.
When searching for a car finance company of this type, consumers need to look for one that arranges a repayment plan that meets the unique requirements
of the borrower. In addition, with a plan of this type, consumers find they can rebuild their credit, allowing them to secure better loans in the future. For this reason, anyone who has been turned down for a car loan should consider this option. Not only will they have a new car to drive, they'll also be on the road to a better financial future overall. It's a win-win situation.