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Does the amount I borrow affect my likelihood of getting accepted for credit?
Heather2012
Posts: 38 Forumite
in Loans
Hello,
I am looking to get a car on finance. I would like to put down a small deposit and get the rest on finance. This may be a silly question but does the amount I borrow affect my likelihood of getting accepted for credit?
I am able to put down a larger deposit but as the finance is 0% I would prefer to spread the cost and keep a bit of money back for emergencies.
Thanks,
Heather
I am looking to get a car on finance. I would like to put down a small deposit and get the rest on finance. This may be a silly question but does the amount I borrow affect my likelihood of getting accepted for credit?
I am able to put down a larger deposit but as the finance is 0% I would prefer to spread the cost and keep a bit of money back for emergencies.
Thanks,
Heather
0
Comments
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Yes. If your income is not sufficient to support a larger loan, then you would be declined on affordability.0
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Thanks zx810
This discussion has been closed.
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