We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Loan Advice - Previous Bankrupt
stephenmcc_2
Posts: 17 Forumite
in Loans
I was made bankrupt in September 2006, mainly as the result of a rather messy divorce which ended up with all my assets going to the ex leaving me with the debts!
I had excellent credit history before the BR, and since then have earned a reasonable income. I have a business bank a/c, personal a/c and a Vanquis card with a small amount.
Problem is my car is now 11 years old and really could do with replacement before I have to spend a fortune on it. I earn £25k and would be wanting to spend around £5-6k on a replacement.
Given my history has anyone any suggestions? I have heard that HP is easier to get as the lender owns the car till final payment unlike a normal loan, but there seem so many sharks out there I want to be careful who I approach.
Any help appreciated
I had excellent credit history before the BR, and since then have earned a reasonable income. I have a business bank a/c, personal a/c and a Vanquis card with a small amount.
Problem is my car is now 11 years old and really could do with replacement before I have to spend a fortune on it. I earn £25k and would be wanting to spend around £5-6k on a replacement.
Given my history has anyone any suggestions? I have heard that HP is easier to get as the lender owns the car till final payment unlike a normal loan, but there seem so many sharks out there I want to be careful who I approach.
Any help appreciated
0
Comments
-
Sadly dont know who to suggest, but can advise stay away from places like Yes Car Credit and such like as I have heard some absolute horror stories about them types of companies!0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.8K Banking & Borrowing
- 253.4K Reduce Debt & Boost Income
- 454K Spending & Discounts
- 244.8K Work, Benefits & Business
- 600.2K Mortgages, Homes & Bills
- 177.3K Life & Family
- 258.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards