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Submitted by: Daniel Smithe
Buying a new car should be an exciting time. However, if you have bad credit, car finance Perth deals may be more challenging find. This can increase the stress of arranging your new purchase and take a little of the sheen from your new vehicle. However, there are still ways to get a great deal even if your credit score has seen better days. This brief guide can provide you with some positive steps to help you secure a great deal.
Assess your situation:
When it comes to bad credit car finance, Perth consumers should not just bury their heads in the sand. You need to assess your situation and determine the extent of your credit score issues. The major credit bureaus allow you to order a copy of your credit file. This allows you to look through and determine if there are any errors which need correcting and determine whether you actually have a bad credit file or if it is merely less than perfect.
Avoid Rejections:
Once you have determined the state of your credit file, you can minimise the risk of rejection by being careful about your finance applications. If you have a poor score, you are unlikely to obtain a finance deal through a high street bank or financial institution. Applying to inappropriate companies could actually further damage your credit score as a rejection is logged on your file. Instead look for companies who specialise in bad credit finance. These brokers tend to have access to a panel of lenders who are more amenable to applicants with poor credit scores. Generally, these lenders will have less strenuous lending criteria compared to high street lenders. This increases your chances of avoiding rejection.
Be wary of con artists:
Unfortunately, there are a great many people out there who will try to take advantage of your bad credit situation. You should be wary of companies who tell you your credit rating is so poor that you need to pay exorbitant rates and provide a massive deposit. Choose to use reputable companies who will try to help you get the best possible deal rather than aim to make a huge commission at your expense.
Research all your options:
It is always worth taking a little time to research all of your available options. You should not feel obliged to sign up for the first quotation provided. Shop around a little and compare deals. Most reputable companies will provide a reference number should you wish to have a think about the deal. This can allow you to gather all the information needed to make an informed decision as to which deal is best suited to your needs.
Obtaining a loan for your new car with a bad credit rating can be challenging. However, it is not impossible and there are still some great packages and deals to be had. It is worth spending a little time looking at all of your options, so you can have confidence moving forward.
About the Author: If you are interested in securing a great deal for bad credit car finance, Perth (
allcredit.com.au/car-finance/
) consumers should contact us. We are broker specializing in bad credit finance deals and would be delighted to assist you.
Source:
isnare.com
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