The Sub Prime Credit Thread - Part V

ElkyElky

sutton111 wrote: »

Oh why not get one of them!! I love them too. It's a 59 plate, really good cars!

How difficult is the finance to get?

Well, they don't ask for your income so they rely purely on the information on your credit report.

I guess if your credit report is good, then they'll accept you.

The car dealer I was buying a car from searched 6 different finance companies and only one of them (Nissan) accepted. The others wanted parents to sign because they didn't like my age.

sutton111

ElkyElky wrote: »

Well, they don't ask for your income so they rely purely on the information on your credit report.

I guess if your credit report is good, then they'll accept you.

The car dealer I was buying a car from searched 6 different finance companies and only one of them (Nissan) accepted. The others wanted parents to sign because they didn't like my age.

So have you tried for VW finance? What company is that which don't ask for income?

BugsyBrowne

seeya23 wrote: »

im ok been at work alot of the time not apply for any think for months now may apply for jjb card later today

Apply for one of sygma's better cards creation or flybe

sutton111

star-fire wrote: »

Apply for one of sygma's better cards creation or flybe

He has a CCJ. And there was a person who got accepted for a JJB card with a CCJ.

BugsyBrowne

sutton111 wrote: »

He has a CCJ. And there was a person who got accepted for a JJB card with a CCJ.

My apology me not reading the threads through..

apples24

i got approved with sygma, brankrupt on o6 discharged jan 07

BugsyBrowne

apples24 wrote: »

i got approved with sygma, brankrupt on o6 discharged jan 07

Make you wonder how mainstream sygma really is or is it??

ElkyElky

sutton111 wrote: »

So have you tried for VW finance? What company is that which don't ask for income?

I don't think any finance company asks for income details. They don't care if you can afford it or not.. they will either get paid or they'll take the car back.

wizzywig27

I finally got my Capital One card today, however I have a few questions....

• is it normal for them to have only 18 months life on them? My Vanquis is 3 years, as are all my bank debit cards
• I asked about the 0% on purchases until November, computer said no?
• Do I get free one free credit report a year or something?

I also had a letter from Granite Card today confirming what I already knew - as I have a Vanquis product, I cannot apply for another

Zack1

ElkyElky wrote: »

I don't think any finance company asks for income details. They don't care if you can afford it or not.. they will either get paid or they'll take the car back.

Hmmm interesting.... I'd be tempted for that but finance on a first car might not be the smartest move... I want one where you get free insurance but you have to be 21 in a lot of the ads I saw when I looked before And at 21 the price crashes so it wouldn't be worth it. I'm getting 1,800 quotes now, putting I'm 21, held license for 3 years and never driven got me down to £495, and that's with very very basic comparison, if I'd shopped around I'm sure it's even less :O

wizzywig27 wrote: »

I finally got my Capital One card today, however I have a few questions....

• is it normal for them to have only 18 months life on them? My Vanquis is 3 years, as are all my bank debit cards
• I asked about the 0% on purchases until November, computer said no?
• Do I get free one free credit report a year or something?

I also had a letter from Granite Card today confirming what I already knew - as I have a Vanquis product, I cannot apply for another

Yep, mine expires 06/2012 IIRC, like my Natpest one was due to. They'll send you another one. It might trigger an account review, but it's not a way to get rid of you because under the terms of the CCA they could do that whenever they wanted to.

As for the free credit report, you get 2 per 12 month period. I used the 1st one in November, the 2nd one in March and now have to wait until November when it's reset You also get their alerting service

http://www.equifax.co.uk/capitalone/index.html