With an increasing number of people having bad credit, car finance is becoming an ever increasing option over standard unsecured car loans. By securing the car against the finance the lenders at least have assurance that the car can be repossessed following non payment.
Fresh car finance offers a great service to those who need bad credit car finance.
The largest financer of bad credit car finance has withdrawn funding from hundreds of independent car finance dealerships to focus on its own outlets.
It could mean that thousands of drivers looking for cheap car finance on a car will be disappointed.
Welcome Car Finance, which specialises in finance for cars to those with a poor credit history, insisted the move did not reflect any lack of funding because of the credit crunch.
Most of the bad credit car market relies on Welcome, so many dealers who rely on Welcome- perhaps 60-70% - will find this a devastating blow.
Consumer choice will also suffer. Whereas those with a bad credit rating could previously turn to hundreds of car dealers, they will now only be able to chose between the dozen Welcome dealerships.’
Nowadays bad credit is an all-too-common problem. Modern lifestyles are costly to maintain and with the wide availability of financial products such as credit cards, it’s easy to miss repayments and spiral into a cycle of unmanageable debt before you know it. Bad credit car finance need not be a problem for you, Fresh Car Finance is the answer. You may find yourself in bad credit if, for example, you have defaulted on repayments for a credit card, loan, mortgage or other financial product (whether intentionally or unintentionally), if you’ve had a county court judgement (CCJ) made against you, or if you’re self employed and have no way of proving your income.
Companys such as Fresh Car Finance can help you to get the car you want fast even if you have bad credit.
Click on the following link if you need bad credit car finance - http://www.freshcarfinance.co.uk