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PCP car finance help!

edited 30 November -1 at 1:00AM in Loans
4 replies 964 views
Hannah_MacleanHannah_Maclean Forumite
4 posts
edited 30 November -1 at 1:00AM in Loans
Hello,

I'm looking at getting a new car on PCP finance, repayments are very affordable and our financial situation can afford it. However two weeks ago my partner and I took out a personal loan for £7500. We did a debt consolidation to reduce another loan we had to reduce our interest (Apr rate) and no extra borrowing was requested. I have never had any defaults and have always paid my debts on time.

I'm wondering if applying for this loan two weeks ago will affect me applying for a PCP or will I have to wait? With it being a joint loan I am concerned with it being so soon with the hit on my credit score and the outstanding liability we have with the bank will prevent my acceptance. I don't really want to get declined for PCP! Any help is appreciated!

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