Buying a car is the kind of financial effort most people cannot go through without a bit of external help (such as a loan, for example). However, in order to be accepted for a car loan, you will have to go through numerous steps and you will have to be 100% suitable with the approval criteria practiced by banks and financial institutions lending money for this purpose.
Refused Car Finance is a way in which you can get money for a new car even if you do not have the best credit score. If you are considering the option, here are some things you should keep in mind:
Bad Credit Score – What Is It and Why Is It Preventing You from Getting a Loan
Put very shortly, your credit score is a number that shows lenders how trustworthy you are. Your income, how well you did with other loans, the type of job you have and many other factors are taken into consideration. If you have a lower income, if you were part of the Armed Forces, if you are self-employed or if you have (or even have had) defaulted loan payments, your credit score will be drastically affected. Therefore, you will find it more difficult to find an institution to lend you money for a new car.
Refused Car Finance – The Solution for the Low Credit Score Applicants
If you have already been denied to receive a car loan on grounds that your credit score or occupation were not matching that bank’s list of criteria, Refused Car Finance can help you. They offer car loans for people with bad credit score and for all other categories of people whose application has been rejected.
How Refused Car Finance Works?
The sum of money you receive depends on a variety of factors, including your credit score and income. At the same time, the sum of money you have to pay back depends on how much you take from and on how long you need to repay it. Refused Car Finance don’t advise their applicants to take more than they can pay back – so you should not worry about the fact that your income will stop you from being able to make your payments with on time.
How to Apply for a Refused Car Finance Loan?
The application process is very easy with Refused Car Finance. All you need to do is go online to their website and apply there.They usually reply to applications within one hour from the moment they were sent, so you will not have to wait very long either. Sometimes, it may take a bit longer than that but either way, they will do our best not to leave you hanging for too long.
Once they make you an offer, you have 30 days to purchase your car. However, if any impediment should appear in the purchase and if it has to be delayed with longer than that, you can discuss how to extend the “deadline” as well.