Car Lease refused credit Please help!!!

tonyefc1

Hi All
I currently have a car lease with RBS which i pay 540 pm, i have never missed a payment and its due to end next month.

I have recently applied for another car lease to replace the above and been refused credit. The application was to a company called LEX and the rental would have been 630 pm.

After i gave them a copy of my Experian report they told me the reasons for refusal:
1. that i was 65 over my limit on a Cahoot CC
2. I Had been charged by my bank in the previous month for going over my OD limit.

The CC was used fraudulently last month and 220 of payments are being investigated, however as its still 'open, they are still showing on my balance. I spoke to CC Company who offered to provide a letter confirming this.

The overdraft problem was due to me being foolish!! as i have 4400 savings with the same bank but have just not got round to transferring money over
to clear OD. I supplied them with statements of my savings but they wouldn’t change their mind.

I have since cleared all cards and Over drafts with my savings so it looks a lot healthier. I have also applied to be put back on the electoral register.

My question is should i reapply to a different company now or would i be best waitin1/2 months before i reapply. My problem is my current lease runs out in 4 weeks!

Thanks
Tony

nunusmum

i would reapply if you are really in need to a different company as i was told by someone who works at experian that when a company look at your credit score they allow three credit check ever six months if thats any help to you