Here at GoFinance.co.uk we are fully aware that not everyone has a perfect credit score and many people we speak to have had some sort of financial difficulties in the past.
If you fall into this category then do not let this put you off applying with Gofinance.co.uk. We have a panel of lenders who will look at customers who have had some historic or even recent problems, whether this is missed payments, defaults or CCJ’s. This doesn’t mean there isn’t someone out there to help you.
Something that will not come as too much of a surprise to you is that a lender who is willing to accept a customer who hasn’t had the best of credit histories will more than likely lend the money at a higher rate. This can sometimes put customers off, but as long as the monthly repayment fits into your monthly budget and you allow for a potential change of circumstances in the future, then vehicle finance is certainly still a viable option.
GoFinance.co.uk will complete an income and expenditure check with you so we can ascertain what sort of budget you have to finance your next motorbike.
When a lender decides whether they are willing to lender to a customer for motorbike finance, they consider various factors which includes; credit score, address history and income/affordability.
You may have lived at the same address for many years and be in a secure well-paid job, however missed some repayments on your creditcard within the last few months or made a late repayment on a loan. It doesn’t sound a lot, but even these examples could lead to some lenders who offer better interest rates not approving you.
Gofinance.co.uk believe everyone should be given a chance, we have relationships with lenders who provide finance to customers based upon their individual circumstances.
If you have previously been bankrupt, had an IVA or missed a payment on a hire purchase agreement, then do not feel you are alone and that nobody can help. Gofinance.co.uk will look at your circumstances and try to match you to a lender who will approve your finance application. When you apply, please let us know all about any finance problems you may have had in the past or are still having – this then gives us a better opportunity of finding a suitable lender for you. It is important to us that your budget allows for you to be able to afford the monthly repayments so that you can afford to repay your loan.
Representative example: borrowing £3,000 over 3 years with a representative APR of 33.2%, an annual interest rate of 33.2% (Fixed) and a deposit of £0.00, the amount payable would be £125.68 per month, with a total cost of credit of £1,524.48 and a total amount payable of £4,524.48
"Excellent service! I called Go Finance and went through an application, everything was explained to me in a way I could understand. Once my application had been approved my advisor called me to go through the details of my agreement. From start to finish everything was made clear to me and nothing was too much trouble for them, they went above and beyond what I expected to help get me the best deal, taking into account everything I told them during my initial application. Would highly recommend this company and will be using them in the future!"
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© GoFinance.co.uk Copyright 2019. All rights reserved.
GoFinance.co.uk a trading style of Superbike Loans Ltd. Registered in England and Wales (Company Registration number 08512842)Registered Address Cottage Street Mill, Cottage Street, Macclesfield, Cheshire, SK11 8DZ. Authorised and Regulated by the Financial Conduct Authority (number 671579).Registered with the Information Commissioners Office (registration number Z3193267).GoFinance.co.uk is a credit broker and not a lender. We can introduce you to a limited number of finance lenders and for such introductions we may receive commission.
Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk
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