Looking at purchasing a new car but you take one step back and realize that one telephone bill you refused to pay is what is holding you back? Well there are ways to prevent such cases or work around them in the long run.
What you must remember is that when dealing with a consultant you must be as honest as you can, they will find out if you are giving them inaccurate information. Whether you contact your local bank or a finance company they will most likely check your credit history to see if you have ever been bankrupt or had any defaults. What people don’t realize is that simply delaying bills it can be listed on your file and make it that more difficult in getting finance. Undesirable information can remain on your file for up to 7 years!! So next time you are due to make a payment be sure to have your money ready to go, even if it means paying it a few days earlier.
Did you know?
Making numerous enquiries to various finance companies will lower your chances of getting finance. Consultants can view all your enquiries on your credit file. If you speak to the right people about how to go about eliminating your defaults they will guide you to take the necessary steps to buy your new car. Natloans specializes in helping individuals with bad credit. Yes! You may not be eligible for a loan straight away, it may be 3, 6, or up to 12 months later you will have second chance of driving away with a new car.
What you can do to improve your credit file?
- If you are aware of an unpaid default make sure it is paid completely before contacting a financier
- With your new loan make sure all repayments are paid before the due date and are not in arrears
- Don’t make too many enquiries to finance companies
- Ask your local financier for more advice
Natloans deals with hundreds of clients that have had previous issue with their credit files, they have helped individuals who have lost everything get back on their own two feet. Our consultants go above and beyond to find a solution for all their clients, do not hesitate to contact us on 1300 628 562.
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