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Scottish Trust Deed Forum
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Topic starter
12/05/2015 7:44 pm
Hi everyone
Just looking for some advice please,
I have finished a 3 year TD successfully and i am currently paying off the equity as agreed - so no discharge until then. My credit rating is currently 999 out of 999 from Experian but my car is on its last legs and was thinking I could comfortably afford a new small car.
My question is does anyone know if I would successfully secure a
finance deal with this PCP finance scheme (which is a sort of a lease deal) Any help would be appreciated.
Cheers
12/05/2015 10:09 pm
Hi Cody.
Ignore the credit score; we've seen repeatedly that Experian's credit ratings for people at the end of trust deeds are massively inflated compared to actual lender willingness to lend.
Will you get the credit? The trust deed may well be an obstacle, but you'll only ever find out for sure by making an application.
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds 
17/05/2015 11:39 am
Be upfront at the car dealer you choose as they may well have finance companies for those with colourful history credit wise.
Trust deed completed Jan 2012,Trustee discharge Nov 2012.
A new dawn.
18/05/2015 10:31 am
Hi Cody,
Like plasticdaft has advised, best to be up front and honest with the car dealer as they may be able to source you finance for people with a poor credit file.
You may pay a higher rate of interest so this is something which you will need to be mindful of.
If you do apply please let us know how you get on.
David is not currently posting in the Trust-Deed.co.uk forum
