Are you worried about a car finance credit check?
Are worried about whether your new car purchase financing application will be accepted? Are you in a debt management plan, or do you have CCJ’s? Do you have poor credit, or have you had a credit application denied in the past and aren’t confident of getting approved for car financing? You might be in search of “no credit check car finance”, especially if this applies to you.
Fortunately for you, BuggyDough can offer some assistance. We understand that you may experience financial hardships, simply because life can be complicated at times. We don’t share the belief that you should suffer as a result by being denied access to financial opportunities and products since what is done is done.
Although credit checks are part of the process, you should not be worried. We have built strong connections with lenders offering poor credit loans, in addition to having a history of high approval rates. This gives us a great chance in getting you a suitable match.
Regardless of credit history and circumstances, we have assisted a huge number of individuals in a similar position secure financing over the years. Individuals who have been denied by other lenders due to previous defaults and bad credit have had their car financing applications approved- at reasonable rates if we may add.
What role do we play when financing a car?
We give you access to a huge selection of loan providers, owing to our position as independent online specialists in the field of car finance. We strive to match you with the best and most affordable product available from the given selection when you fill out and submit a car finance application.
Since we only display the products that you qualify for, we work to match you with products offering the best repayment terms, saving you money and time in the process.
Whether you are interested in buying a brand new or used car, we offer both contract and hire purchase solutions.
You can acquire the car you want from your chosen reputable car dealership countrywide without having to put down a deposit.
Reasons why we should be your first and only choice
It’s unfortunate that a huge number of individuals seeking car financing apply to different service providers for a number of loans. However, this may end up denying even qualified individuals the opportunity to secure to financing.
The reason is that each lender has their own set of loan approval requirements, this means that while you may not be able to fulfill the requirements set by one lender, there is a chance that you can meet those set by another.
Even more importantly, making a number of car financing applications, with the hope that one will go through can harm your chances of securing financing in future. The reason for this is that all the applications are compiled in your credit file. This file acts as a record of your present and past financial position; most lenders refer to this file before approving applications. Numerous applications can trigger alarm bells for any loan provider as they are thought to represent financial desperation.
It makes a lot of sense for you to turn to the services of expert services like ours.
Our car finance process
Give us a call or fill out our online form and we will provide you with a response in a matter of minutes.
You will be assigned a dedicated financial advisor with whom you can discuss your available options, after the approval of your application.
Free credit check for car finance
If you were turned down in the past for credit, you naturally must have wondered ‘why?’ You might think you are on some type of ‘credit blacklist’ and will never get approved for financing.
The ‘credit blacklist’ is actually a myth. Even better, just because you were refused before, doesn’t mean that you won’t be able to qualify now or sometime in the future for a credit agreement that is affordable for you.
Whether you get approved for finance or not is often due to the policies of the individual lender. The following are some of the common reasons for getting refused:
According to your credit report you have several loans already, and the lender has concerns that you may not be able to afford any more.
You may not fit the profile of the lender – for example, a credit card provider might only issue credit card to individuals who have less than three existing cards, or certain mortgage lenders may specialise exclusively in providing first time buyers with mortgages.
You have ‘bad credit – it might be due to the fact that you are self-employed (maybe you are unable to prove your income), your house was repossessed for non-payment on the morgage, you are in arrears, have loan defaults, or an outstanding CCJ.
You have moved around a lot – some lenders prefer individuals who have resided at the same location for at least three years – or you are able to show they have a long term relationship with a bank or other financial institution.
You have a low credit score – there are some lender who base their decision on things such as your credit history, details they might have on you if you are a customer already, or other specific details that you have provided on your application form.
It is very important that you have a good understanding of your credit profile along with the information that is contained in it. If you access your credit profile it will allow you to see what is positively or negatively impacting your credit score, in addition to being able to notice whatever mistakes are on there and increasing it if necessary.
Over time your credit score will change. However, since we work with a large number of lenders, we will be able to find the finance option that is the most suitable for your individual situation. If you were refused by other lends, that isn’t necessarily a problem, since many of the lenders that we work with can assist customers in these situations.