Getting finance with a good credit score means that you are usually accepted when applying for a loan. Essentially this means that you will be in a position where you will likely be able to choose from a range of credit providers. This will help you shop around for the best deal.
How Do You Get Good Credit?
There are numerous ways that help you get a good credit rating including;
- Register on the electoral roll at your current home address. This helps lenders find you and confirm your identity.
- Build a credit history. If you have little to no credit history, companies will struggle to score you which then results in a lower credit score. Luckily you can build up your credit score by getting a credit card and paying it back on time, take out a small amount of credit such as a mobile phone contract or store card. Again it’s important to not miss a payment as this can reflect badly on your credit.
- Only borrow what you can afford as this can impact your credit score for over 6 years making it harder to get a loan should you require one.
A good credit score usually matches the type of person taking out the loan. If you’re in a stable house with a steady income and career then this will have a positive impact on your credit score.
The Benefits of Car Finance with a Good Credit Rating
Having a good credit score will help greatly when choosing to finance a vehicle. With Forza Finance you’ll be able to shop around and be offered some of the best deals by our range of lenders. They will see that you are low risk and will offer you good deals to win your business.
Good credit finance deals usually start with a low 6.9% APR meaning that you’ll save money on the purchase of your car but it will also make it easier to continue building your good credit rating.
Why Choose Forza Finance?
Here at Forza Finance, we understand that you’ll be looking for the best deal available and with our variety of financial lenders who specialise in good credit finance, you’ll be offered some of the best financing options available.
Our team of experts have helped many people drive away with their dream car and are on hand to discuss any concerns or questions you may have when it comes to finding the right deal for you.
Our online calculator will help you work out the right monthly payments and the length of time of the contract to suit your needs and budget.
There has never been a better time to finance a car using your well-deserved credit rating. Our team of specialist lenders will take your good credit score and find you the perfect loan.
Not seen your dream car yet? You can still use our online calculator to work out how much you can afford which will help you look around for that perfect car.