If You Have A Bad Credit Rating Then Look For Car Finance Guaranteed
If you have got a bad credit rating or a less than perfect credit rating score then when looking to buy a new car you could have come across a very serious snag, you can’t get the credit needed because you are seen as a risk. If this is the case then you should consider looking for car finance guaranteed.
There are specialists websites that will offer car finance guaranteed to those who have poor credit ratings or who are having trouble finding a car loan for any reason and have been turned down by everyone. Sites such as these will offer credit for a car loan even if you have CCJ’s, mortgage arrears, low credit ratings or have no credit history at all, say on just leaving college and could be the only option available to you to finance your new car.
Your credit rating is what all lenders will look at when you apply for a loan of any kind and applying for a loan to buy a car is no exception. Lenders are very strict and if you have a poor history of credit either through no fault of your own or due to such as poor payment history, then it will be next to impossible to get a loan unless you look for a site that specialises in car finance guaranteed. Of course you won’t get the best rates of interest on the loan but at least you will get a loan.
While you can’t expect to get the cheapest rates of interest on your car loan, if you do go with a specialist site they will ensure that they shop around for you and get you the best deal possible. A specialist site will have the knowledge of where to look when it comes to getting car finance guaranteed for those who are having problems getting car finance and you simply won’t be able to get a better deal by looking around yourself.
Louis Rix is a Director of NetCars, one of the UK's leading motoring websites. First established in January 2000, its mission is to become the number one site for used car searches. NetCars also provide car loans, car finance and insurance.
