Car Credit Whats The Difference ???

welshpaula

hiya just wanted to pick all your brains ,my BF has been trying to swop his couple of credit cards to 0% or better deals ... no chance then he tried for a loan .... no chance even his bank wouldnt help . his credit file is spotless except he has too much credit (we think ) so when our car packed up over xmas we had no choice but to get one on finance ( i have to have a car for my job) it sailed through with a decent apr ? so my question is ... is car finance different ?

Tuscan

could be wrong but isnt it secured on the vehicle..

welshpaula

i thought that ,because if you dont pay they take the car ??

Tuscan

also some car finance is garenteed exceptance, but has huge interest rates

MissEyre

What APR did you get the car on in the end? And if your BF is struggling to get credit, it would be a good idea to get his credit report from Experian or one of the other agencies to see if there is anything there that shouldn't be. When you say he has too much credit available, do you mean he has cards he isn't using?> If so, best bet would be to close the accounts.

welshpaula

we are regulars on experian his credit file is good we monitor it all the time !nothing on there there shouldnt be .! we are currently snowballing his credit cards and have them frozen in ice ha ha !!

tigerfeet2006

You'd be best to check the other 2 CRA's as well as different financial organisations use diffrent ones and there may be something on one of them.

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