loan / finance difference

bexyboo1312

john_white wrote: »

So the dealer has offered you 6.7k for your car?

no, I owe £6300, they have offered me £6500.

bexyboo1312

paulmcerlean wrote: »

There is NO chance this car is worth more 6 months on.

In answer to your question though - applying for a new finance agreement through a dealer will result in a credit check as per the loan on which you were declined. It has a slightly higher chance of acceptance as the finance is secured but still very heavily on your credit history.

Thanks for that, my history is clean and my credit score is 999. Abbey refused my loan saying they didn't think I would be able to repay...but as mentioned the loan was to clear the finance not have it as well as...i was going to appeal but have left it too late now. Abbey took all my income details etc, when I applied for my finance originally they never took any financial details other than my bank account ..
guess all i can do is try, thank you

Fiddlestick

bexyboo1312 wrote: »

Thanks for that, my history is clean and my credit score is 999. Abbey refused my loan saying they didn't think I would be able to repay...but as mentioned the loan was to clear the finance not have it as well as...

What's guarantee do they have that you will actually do that?

I'm not suggesting that you will, but what's to say you won't take the money they give you and then go and live it up in Thailand for 6 months before defaulting on both loans?