2007-02-08 09:48:42 · 8 answers · asked by Anonymous in Cars & Transportation ➔ Buying & Selling
I have a few clients that have a poor credit rating but the way i work i trust people to pay me. Say you want a cheap run-a-bout for £500:00p save up the money come and see me i sell you the car for £500:00p cash,i then set up a credit agreement with one of the companies i deal with and put myself down as underwriter and pay a big deposit say £300:0p and pay the balance of very quickly,therefore raising your profile.In the meantime you save up again and when you have enough i take your car and full payment again set up the same agreement .Usually three such transactions are enough to get your credit rating up to a reasonable state.I do not know where you are but try your local traders you will find we are easy to deal with we are not all dodgy sharks there are some decent people left you know.
2007-02-10 13:37:26 · answer #1 · answered by celtic 4 · 0⤊ 0⤋
Hi, I have been refused in the past too and have a good credit rating. It depends to do with a lot of things. I have been refused credit at one company but go it at another, credit cards for example. You will have to look at why you have a bad credit rating. Is it because you have any county court judgements, these can come from something as simple as not paying a parking fine. have you been late on credit card payments, loans etc. or been declared bankrupt. All of these have a damaging affect on your credit rating. If you have a bank account see your bank. If they refuse you they will help you in finding out why. They will be more than helpful than someone you don't deal with. You may have to wait a while to re-build your credit rating, sometimes as little as 6 months. In any event any bad history will be wiped after 6 years but if you don' use credit in that time you still maybe reused because you won't have ANY rating, good or bad. I have a pdf file which I can email you which is an excellent guide to re-building your history. For example it will tell you to open up a new bank account with say £300 in a high interest account. Leave the money in the account for a while then ask the bank for a small loan over 6 months for £300. The bank is unlikely to refuse as they have £300 of your money. Get the money and do the same with another bank or building society. Another short term loan. Use the money from one to pay the payment back on the other. Make sure you are not late with any of the payments or you back to square one. Pay both loans off early and credit will start to be repaire. This doesn't get you your car but it may help fot the future. If you want the info email me at smartguy69@hotmail.co.uk It free Martin
2007-02-08 10:13:30 · answer #2 · answered by martin m 5 · 0⤊ 0⤋
Sure....
Here's what you do. Get a big glass jar, every month put $250 into the jar (which is how much your payment for a car would be). After 8 months, take the money out of the jar and buy a car for $2000. But don't stop there, keep putting that $250 in the jar. 12 months later, trade in that car and use the $3000 to buy a nicer car. But don't stop there......
Typical loan length is 5 years.... using this method you will be driving a 2 yr old nice car within 5 years.
OR you can go out and get one of those trash loans or buy your car at a "buy here, pay here" place and after 5 years have neither car, money, nor credit rating.
2007-02-08 12:52:07 · answer #3 · answered by Anonymous · 0⤊ 0⤋
If you know your mechanics (or have a friend that does) you can buy a decent car for £500. Then perhaps spend a little more servicing it. Just save up? avoid the nasty debt companies all together. Other than that, get 0% interest credit card (there will always be acompany that offers you) and keep a very close eye on paying it off, strictly every month, transferring it before the interest kicks in. Only recommended if you're on a reliable income.
2007-02-08 10:00:58 · answer #4 · answered by jennymilluk 2 · 0⤊ 0⤋
These people are trying to tell you something that you already know. You are a bad debtor who thinks that you are entitled to have something even if you can't afford it.
Be aware that car credit companies are not in the motor sales trade; they are not selling you a car, they are selling you a high interest loan and you are just the sort of person who gets sucked right in. Wise up, for Chrissakes and get an Oyster Card instead!
2007-02-08 10:58:02 · answer #5 · answered by Jellicoe 4 · 0⤊ 0⤋
Well if you are like me you will need to work on restoring your credit to an over 700 credit score. Anything less is not the best. You can spend hundreds or a $1000 with a company but here is the cheapest I found. they have conference calls at the following tele no. The calls are held on Tues and Thurs at 9 p.m. east coast time (6 p.m. west coast time) and sundays at 7 p.m. east coast time (4 p.m. west coast time). the pass code is provided. Tel #218 339 7800 pass code 07077# If you decide you want to get started you can email me at AGCGartner@yahoo.com Cost to get in the program I think is $194.
2007-02-08 10:04:09 · answer #6 · answered by agcgartner 6 · 0⤊ 0⤋
Try http://www.lendingtree.com
You won't get turned down, but you WILL get raped with a high interest rate. If you have bad credit, you can't avoid it.
2007-02-08 10:01:47 · answer #7 · answered by rob1963man 5 · 0⤊ 0⤋
try welcome car credit,
they give credit to anyone!!
hope this helps?
2007-02-08 10:42:32 · answer #8 · answered by tylermartyn 2 · 0⤊ 0⤋