If you have a below average credit score; you are likely to qualify for a high interest rate and a lower credit limit.
Customers who have a bad credit score can still be approved for finance. Customers who have a poor credit rating may have County Court Judgements, defaults, problems with prior mortgage repayments or be on a debt management program. They may not appear on the electoral roll. They might have had several addresses in a short space of time. They may have had long periods of unemployment. These customers are likely to be over their credit limit on credit cards or store cards. They might have a large number of slow or late payments.
The finance calculator has been designed to give a representative example of what you can expect when applying for finance. This guide gives an indication of the APR, monthly repayments and total repayments that you may be expected to pay. Please be aware that finance companies base their decisions on an array of differing factors. This calculator is not an offer of finance, an exact payment or APR, or a guarantee that your application will be accepted. Credit is subject to status and is not guaranteed.
If you require a more accurate quote, or wish to pursue your enquiry further, please request a quote or give us a call on 01603 381955.