Part time car finance possible.

motorguy

Dandytf wrote: »

I think you've miss understood my reason for asking -as you don't know why I was considering another car-I'll not go into detail though it was in a hurry type decision .
My original car problem is since fixed only last week which I didm't know at the time of considering another car.
I'm since asking with future in mind such as if I run my car for another 28 mths approx.
Could it then be possible to qualify for car finance cinsidering I'm part time permanent when the last 2 cars inlcuding current I was full time.

Thanks for the further info.

You might be able to get finance then but it will be at a high rate APR from a sub prime lender.

Your DMP will impact you for several years after its finished to a great extent, then diminishing over time.

System

You will be stuffed for getting any car finance other than those who charge rates higher than credit cards for up to 6 years after you come off the DMP. The arrears, missed payments, defaults etc and the DMP on your credit file are why you're being refused.

Dandytf

Tarambor wrote: »

You will be stuffed for getting any car finance other than those who charge rates higher than credit cards for up to 6 years after you come off the DMP. The arrears, missed payments, defaults etc and the DMP on your credit file are why you're being refused.

Only part agree as my dmp defaults are mostly in at least 3rd year though 1 or 2 are maybe in 2nd year.
Remember I'm on 2nd car since dmp-1st+20 something Apr
Current 7or8.9 Apr.

Whilst I ask Experian to correct my voting info
Some good news in that Moneybarn could accept my part time wages+some benefits which I receive-only if I can get passed their credit check.

Not all bad news at all, hopefully my currrent car will run a few years yet`@6k miles per year.
And I have saved my chance to continue with H2s savings account for upto 4 years which would have been used to clear any pcp balloon payment.

Thanks mser,s until sc dmp is complete at the earliest