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Car finance

Rodge4539
Rodge4539 Posts: 2 Newbie
in Loans
My credit rating is 939 and I'm not sure if my rating is good enough to be accepted for car finance.
I don't want to apply until I'm pretty sure I get accepted. As i know it goes against me if I apply and get turned down
Can anyone help?

Comments

  • DCFC79
    DCFC79 Posts: 40,641 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Rodge4539 wrote: »
    My credit rating is 939 and I'm not sure if my rating is good enough to be accepted for car finance.
    I don't want to apply until I'm pretty sure I get accepted. As i know it goes against me if I apply and get turned down
    Can anyone help?

    Ill tell you right now your rating of 939 isn't worth squat.
  • thebritishbloke
    thebritishbloke Posts: 1,472 Forumite
    The number means nothing. What matters is your credit history. Have you ever had a credit card? Used it? Paid it in full every month? Missed a payment? Had a payday loan? Defaulted?

    There are lots and lots of different factors.
    Credit 'Score' - Don't buy the credit 'score' that Experian, Equifax and Noddle want to sell you. It's an arbitrary number that means nothing when it comes to applying for credit.

    ALWAYS HAVE A DIRECT DEBIT SET UP FOR THE MINIMUM PAYMENT ON YOUR CREDIT CARDS, REGARDLESS OF WHETHER YOU PLAN TO LOGIN AND PAY EACH MONTH.
  • CLAPTON
    CLAPTON Posts: 41,865 Forumite
    10,000 Posts Combo Breaker
    Rodge4539 wrote: »
    My credit rating is 939 and I'm not sure if my rating is good enough to be accepted for car finance.
    I don't want to apply until I'm pretty sure I get accepted. As i know it goes against me if I apply and get turned down
    Can anyone help?

    since the sole purpose of a good credit record is to use it, being afraid to use it rather negates the whole point.
  • funlala111
    funlala111 Posts: 3 Newbie
    i bought a car on finance I have no idea what my credit rating was probably not great as i have stupidly missed credit card payments and gone past the limit in the past. i was also 19 when i got the car..it was through peugot finance services .
  • Rodge4539
    Rodge4539 Posts: 2 Newbie
    thebritishbloke wrote: »
    The number means nothing. What matters is your credit history. Have you ever had a credit card? Used it? Paid it in full every month? Missed a payment? Had a payday loan? Defaulted?

    There are lots and lots of different factors.

    I have a credit card now, I've had it 6months and never missed a payment on it. I pay it in full every month.

    But I've missed payments on other things although the last one was over a year ago
  • pvt
    pvt Posts: 1,433 Forumite
    Rodge4539 wrote: »
    My credit rating is 939 and I'm not sure if my rating is good enough to be accepted for car finance.
    Did whoever gave you a "credit rating" of 939 know what you want to borrow money for, or know how much you earn?

    If not then it is about as much use as a chocolate poker.
    Optimists see a glass half full :)
    Pessimists see a glass half empty :(
    Engineers just see a glass twice the size it needed to be :D
  • redpete
    redpete Posts: 4,738 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    Rodge4539 wrote: »
    I don't want to apply until I'm pretty sure I get accepted. As i know it goes against me if I apply and get turned down
    Can anyone help?
    I don't think being turned down makes any difference, applying for a loan and the associated search may have a small effect but not worth worrying about unless you apply for lots of loans in a short period - lenders don't want to take on desperate customers (apart from pay day lenders and even they are becoming more choosy).
    loose does not rhyme with choose but lose does and is the word you meant to write.
  • Foxy-Stoat_3
    Foxy-Stoat_3 Posts: 2,980 Forumite
    Rodge4539 wrote: »
    I don't want to apply until I'm pretty sure I get accepted. As i know it goes against me if I apply and get turned down

    You have been miss informed.

    Apply and see if you get accepted or not.

    See back here in a 6 month's time asking how to get out of vehicle finance early!
    "Dream World" by The B Sharps....describes a lot of the posts in the Loans and Mortgage sections !!!
  • Pia_Petersson
    Pia_Petersson Posts: 3 Newbie
    Make sure you have a good credit history, that's what matters.
    All the best.
  • Gaz83
    Gaz83 Posts: 4,047 Forumite
    1,000 Posts Combo Breaker
    Pia_Petersson wrote: »
    Make sure you have a good credit history, that's what matters.
    All the best.
    Spammer building post count alert
    "Facism arrives as your friend. It will restore your honour, make you feel proud, protect your house, give you a job, clean up the neighbourhood, remind you of how great you once were, clear out the venal and the corrupt, remove anything you feel is unlike you... [it] doesn't walk in saying, "our programme means militias, mass imprisonments, transportations, war and persecution."
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