If you have an excellent credit score; you are likely to qualify for lower interest rates and a higher credit limit.
Customers who have an excellent credit score have usually been registered on the electoral roll for a considerable length of time. They are more likely to be a home owner or long standing council tenant. They have usually worked for the same employer for a reasonable number of years. These customers will more than likely have had significant accounts on their credit files showing loans, credit cards and a mortgage all paid on time. There will be no Bankruptcies, County Court Judgements, defaults or missed payments recorded or numerous credit searches on their credit file.
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.