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Advice: Car Loan Bad credit

Dondaddyd · 2011-06-24 11:27:39

Hi I'm in need of a new (used) car. I'm looking for a loan amount around £3000 - £5000. Basically I can pay up to £200 a month with a maximum duration of 3 years. I've done the sums and am absolutely certain of this. My Experian score is poor (650) and I have a default on my account, which is about to be settled at the end…

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geoffky Posts: 6,835 Forumite

24 June 2011 at 5:55PM

why when you have had money problems in the past do you want to spend up to 5k on a car.....are you really that financially illiterate..its people jumping out of one fire into the next fire .You always get burned but never learn from it......i have a dream!!!!

It is nice to see the value of your house going up'' Why ?
Unless you are planning to sell up and not live anywhere, I can;t see the advantage.
If you are planning to upsize the new house will cost more.
If you are planning to downsize your new house will cost more than it should
If you are trying to buy your first house its almost impossible.
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Advice: Car Loan Bad credit

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