motorcycle finance

mojiasgari

hi im trying to get finance for a £4000 motorcycle.

my score on experian is 620, its been 34 months since insolvency and i've been up to date with everything since then, will i be rejected by Honda finance?

also what are my chances of getting a personal loan around 5000

[Deleted User]

Ignore the score. The recent insolvency will be the problem.

Bike finance is easier to obtain as it's secured but you won't know until you apply.

mojiasgari

thanks for the reply!
I've also had one bike previously with honda finance although i missed a lot of payments but it was all paid off about a year ago, will this change anything?

robber2

Well it certainly won't do anything for your chances of success with Honda.

iolanthe07

although i missed a lot of payments

Missing payments may well have caused a black mark against you, even if you did pay up in the end. Having to chase up borrowers who don't pay back on time and in full causes a lot of extra admin expense that lenders could well do without.

MEM62

Insolvency that was fairly recent and a history of missed payments with this particular lender. I think a loan from Honda finance is unlikely.