Debt Plan Car Finance
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We could help you get car finance, even if you:
Looking for Debt Plan Car Finance?
If you’re in a Debt Management Plan (DMP) or Individual Voluntary Agreement (IVA), you may find it difficult to obtain car finance. This isn’t your fault, it’s just that most lenders won’t consider your potential repayments, as they view you as a risk. This is because you may have previously missed or defaulted on payments in the past. However, we want to make you aware that all hope is not lost when it comes to getting the ideal car for you on finance. You could still drive away happy in your new car with debt plan car finance, with the right help.
What is Debt Plan Car Finance?
Debt Plan Car Finance is like any other form of finance, but it’s been designed for people in a debt management plan. The good news is, we specialise in helping people that are in debt management plans. We understand that everyone has a past and we see more than just your credit score.
If you’re in a debt plan, the thing that stands out to us is that you’re making the effort to rectify your financial problems. Many brokers are not to judge you based on your past, they want to help you in the here and now and in the future. Car finance should be hassle-free and accessible for all, regardless of your credit score or history.
Don’t Let Bad Credit Stand in Your Way
Did you know that it’s actually very difficult to predict whether your application for debt plan car finance will be accepted on the basis of looking at your credit score? It’s true. Lenders can only use it as a ‘behavioural prediction. In other words, to predict your future behaviour based on your past behaviour. But that’s not necessarily who you are now and it certainly shouldn’t dictate your future when it comes to obtaining car finance.
If you’re not sure what your credit score is, you can find out today for free at noddle.co.uk.
I’m In a Debt Management Plan, Can I Still Get Finance?
The answer, in short, is yes, even if you have no deposit. There are many providers who are experts willing to provide debt plan car finance to people that need it the most, and you might not be aware of this. You can also get car finance after bankruptcy.
They understand that everyone’s credit profile is different, which we believes makes a real difference. Once you’ve applied, many providers will find the best bad credit car finance and debt plan car finance deals for your budget.
Where You Can Get Help
With the right help, you could be driving away in your new car in next to no time. Many providers will take a look at your current situation, including your income and expenditure and your monthly affordability towards a new car and help find the best deal most suitable for your needs.
A number of providers can help people find debt plan car finance. All they require to help you is information regarding your creditors. This helps them gain a better understanding of your current situation (not your past) and factor in your current debt management payments effectively. Once you’ve found a lender, they will consider affordable and realistic monthly payments towards a car.
Many brokers work with multiple lenders so you can get on the road faster. Even if you have missed payments or have defaulted in your credit history, many believe that you should still be able to find car finance at the best rate possible.
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