Help & Advice

How your credit score affects your car finance application

When you apply for any type of finance, being credit searched is an unavoidable part of the process. Your credit score demonstrates to lenders how you have dealt with borrowing money in the past. This gives them the best indication of how you will manage any future debt, including car finance. If you’re unsure of […]

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Which is the cheapest car to run?

If you have a history of bad credit, then it’s likely you will be focussed on paying off any existing debt. This means that the car you own should be affordable alongside your other financial commitments. This includes the cost of owning the car itself, as well as running costs. Even if your car finance […]

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Avoid making multiple credit applications at once!

Many people might assume that if they keep applying for credit they will eventually find a lender who will accept them. However, when searching for finance this is one of the biggest mistakes you can make. What happens when you make an application? Every time you make a credit application it leaves a mark on […]

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Taking out car finance when you’re already in debt

If you’re already in debt then taking out more credit might concern you. Your initial thoughts might be how a car finance agreement will affect your situation on top of what you already owe. You might also be anxious that further borrowing could harm your credit rating even more. Your credit rating Simply taking out […]

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Will my bad credit score affect my partner?

If either you or your partner has struggled with debt then you might worry how this might implicate you both. If your partner’s the one with bad credit then you won’t want this to affect your finance applications. On the other hand, if you’re the one with bad credit then you won’t want your financial […]

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New car vs used car with bad credit

If you have a poor credit history you may need to do whatever you can to make ends meet. But owning a car can be an essential part of everyday life and something a lot of us can’t live without. New cars are notoriously more reliable, safer and better equipped than used cars, but this […]

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Choosing the right car with bad credit

Owning a car can often be a necessity, many of us need them to travel to work and for our day-to-day lives. However not so many of us can afford to buy a new car outright, and if you have a poor credit score, getting any kind of finance can be a challenge. You will […]

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No credit vs bad credit history

Although having no credit history can be good in the sense that you have no existing debt, you will inevitably struggle to get any loan if you need one. The good news is that dealing with no credit history is much easier than fixing a bad credit file. Building your credit report will give you […]

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Car cost savings guide

UK motorists spend an average of £3,500 a year on car running costs. (Source: survey by webuyanycar.com, November 2013). This includes fuel, tax, MOTs, servicing and car insurance, as well as maintenance costs such as parts and repairs. Considering this, your car is likely to be one of your most expensive assets. However, there are […]

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Confused about credit?

What is a credit score? A credit score is a numerical value made up from your credit history. Your score shows lenders how trustworthy you have proven to be in the past at repaying debts and indicates which loans and interest rates you may be eligible for. Each time you apply for a loan, credit […]

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Bad credit myth busting

What is a bad credit score? Some people might think they have bad credit when in actual fact their score might be fair or even good. On the other hand, many people might assume their credit score is fine when they have actually fallen into bad credit. Below is the general consensus of what is […]

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How to improve your credit score

Why you should improve your credit score Your credit rating is important as it indicates to lenders how much money you can borrow as well as the amount of interest they should charge you. Banks and lenders want to know that they can trust you before offering you finance options. In many circumstances, a bad […]

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