car finance

fairmorn308

hi there

I have bad credit but thats all in the past and am debt free and just started a job with more than double the salary that i was on before and been looking for a new car but i wont beable to get a loan for 1.

I came across this website https://www.gcf.com out of the autotrader.

I know the APR will be higher but thats the penilty i pay for the past credit i have had.

I wanted to know do you think a company like this will make the repayments affect your credit rating? Reason am asking as it would help me out improving it same time as getting a new motor.

galileo

If you obtain such a loan from this company, and you pay it off every month without missing a payment, this will show up on your credit file, which other lenders look at when deciding whether to grant you credit.

making the payments on time cannot really fail to improve your overall credit rating.

maforduk

The best thing you can do is get a credit card, even if it has a high APR and pay it off in FULL everymonth now as you have double your salary. This will increase your credit rating faster and prove better.