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!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Loan for a new car?
Comments
-
Hi, I am an underwriter for a motor finance co., and I have to say, in my experience, a default of £16 really ought not to influence any descision on a £3k lend.
That would be highly unfair to refuse you an agreement based solely on that. A default does not necessarily mean no credit for years on end- plus it ought to show on your CRA search if it has been satisfied (paid), and there should not be a problem. Also, I believe you are entitled to but a 'notice of correction' on your credit profile (which must be read by people using your profile ) if you feel that anything on your profile is not a true reflection of the state of your financial affairs.
The bigger problem may be the debt you already have- especially if it is close to limits you have been set. repaying on time is always a plus point. hope this helps.
good luck0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.9K Banking & Borrowing
- 254.3K Reduce Debt & Boost Income
- 455.2K Spending & Discounts
- 246.9K Work, Benefits & Business
- 603.5K Mortgages, Homes & Bills
- 178.3K Life & Family
- 261.1K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards