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Does slef terminating your finance agreement affet your credit rating?
scottwilson99
Posts: 1 Newbie
in Loans
I am after a bit of advice please. I have had my car for over 2 and a half years and i am looking to get something a little cheaper. I have read on my terms and conditions that i am legally allowed to terminate my agreement with thE finance company as i have paiD half the amount owed. The question i have is by doing this does it affect my credit rating as i would need to replace the car as i need it for work. Any assistance greatly recieved.
0
Comments
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presumably it is a HP agreement and you want to VT voluntary terminate
the fact that you VT the deal will show on your credit reports; this may or may not discourage other HP deals but otherwise probably has no other effects.0
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