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Monthly finance credit checks
danieljames
Posts: 1 Newbie
I'm 18 years old and have NEVER taken out any form of direct debit credit before, and now I would like to take a 10-month interest free finance deal out on a musical instrument.
Total cost is 10% deposit then 9 monthly payments at 10%.
Apparently this finance is specially for 'people aged 18-25, looking to build up experience and knowledge in performing arts, art and music', interest is paid by Art Council England. Considering this being designed for young people and students with part time jobs, the fact that you need such a good credit rating seems very harsh... as lots of people this age generally won't even HAVE a credit rating.
I won't pass the credit check will I? I would love to be able to take out this small finance, make the repayments and build a small credit rating in the process. Does anyone have any tips?
Total cost is 10% deposit then 9 monthly payments at 10%.
Apparently this finance is specially for 'people aged 18-25, looking to build up experience and knowledge in performing arts, art and music', interest is paid by Art Council England. Considering this being designed for young people and students with part time jobs, the fact that you need such a good credit rating seems very harsh... as lots of people this age generally won't even HAVE a credit rating.
I won't pass the credit check will I? I would love to be able to take out this small finance, make the repayments and build a small credit rating in the process. Does anyone have any tips?
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