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barassic

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Post by barassic » Fri Nov 13, 2020 5:00 pm
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Hi all , my car has just give up the ghost after 8 years. I have just been accepted for a credit card and haven’t used it yet . My question is , if I apply for a loan for a car would this look bad . I have been on clearscore and some loans say 100% chance of approval . Just wondered if the time between getting credit card and applying for loan would look bad . Thanks
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Foggy

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Post by Foggy » Fri Nov 13, 2020 5:05 pm
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If you are otherwise suitable ( income etc) it shouldn't be an issue. The fact that you have a credit card will give lenders some confidence, but, if rejected, do not be tempted to keep trying as that will look bad.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
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barassic

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Post by barassic » Fri Nov 13, 2020 6:08 pm
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Thanks Foggy. I would only try one company . If rejected I would look for a cheaper car . Cheers
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barassic

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Post by barassic » Mon Nov 16, 2020 11:02 am
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Morning. Just an update on this. Loan approved today.
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Foggy

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Post by Foggy » Mon Nov 16, 2020 11:12 am
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Mon Nov 16, 2020 11:02 ambarassic wrote:
Morning. Just an update on this. Loan approved today.
Excellent ---and, of course, the regular repayments will, in due course, also boost your credit score!
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
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barassic

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Post by barassic » Mon Nov 16, 2020 11:45 am
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Exactly . Thank you Foggy
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kallis3

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Post by kallis3 » Mon Nov 16, 2020 12:33 pm
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Great news!
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley.
http://kallis3.blogs.iva.co.uk
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