I am a discharged bankrupt and my wife is here on a spouse visa. Despite being advised otherwise we are still having trouble getting finance for a car that my wife needs to get to work. What are our options?
Graham Doessel - CEO - MyCRA (Specialist Credit Repair) Lawyers (LPH)
Current Rating: 4.65 / 5
let's take a look at this for you and see if we can uncover your issue...
When were you discharged from your bankruptcy?
What do you do for a living now?
What is your annual income?
Do you have any other debts?
How much is the car you want to buy?
Are you buying it privately or through a dealer?
How old is the car you want to buy?
What is the make and model of the car you want to buy?
Do you have a deposit for the car purchase?
Have you any other defaults or judgments on your credit report since declaring bankruptcy?
How many times have you applied for finance in the last 6 months and 12 months?
Have you ever applied (in the last five years) for finance with a 'payday' lender? (like cash converters, nimble etc.)
If you can answer these questions here, it might become clearer why you have been knocked back for finance.
And, it might help others understand a little more about getting a loan...
If you prefer, look up my profile and contact me directly.