Chances of acceptance for finance?

AlexLeigh

J -

If you're applying for credit at your current address, then you need to register on the electoral roll there as an absolute basic. If you're not on it then that's a massive shot in your own foot for starters.

It can take over a month for your details to appear after registering so patience is necessary. The alternative is to move back to your parents and specify that as your current address, but then lenders don't like to lend money to people who have moved about too much either!

Also, repaying to a debt management company isn't going to help your credit at all (especially in these current economical times) I would;

1. Get yourself on the electoral roll
2. Apply for a credit repair credit card (such as Vanquis or Capital One)
3. Spend a little on the card each month and repay the entire balance each month
4. Do this for about 5-6 months

Your credit will be in much better condition after this. Then you might be able to consider higher loan/hire purchase amounts.

Hope this helps - Alex