subject: You Can Get A Car Loan With A Negative Credit Record [print this page] Most wage and salary earners have less than three months' worth of cash in reserve, should anything go wrong in their lives. Being retrenched from a job, being ill and unable to work for some months, or having some other unexpected life event happen and they are in dire financial trouble. Any event that keeps them from working for longer than three months will drain their reserves and leave them unable to meet their financial commitments.
Often, this is how otherwise normal law abiding people end up with a bad credit record. By missing credit card, store card and other bill payments, black marks accumulate on their credit reports. When things in their lives have stabilised and they are working again they might require a car loan Brisbane but they are often dismayed to find that they have been refused.
One in Four Credit Reports is Inaccurate
The first thing a person in this situation should do is get a copy of their credit report and check it. It seems impossible, but unfortunately, one out of four credit reports actually contains errors. A misspelt name, a person living in close proximity with the same name or other simple administrative errors can turn a reasonable credit record into a bad one without any justification. If this has happened, it is very important to get this cleared up as it obviously will affect the ability to get credit at market rates and conditions.
Sometimes, though, people have just been dealt a rough hand in life generally. They may have made some poor decisions when they were younger that saw them accumulate debt they couldnt pay. However, as time passed and maturity set in, they toughed it out and got into a much better position, both personally and financially.
Unfortunately, their credit record follows them and they have problems getting a car loan. Without a reliable car, transport can be a problem and jeopardise their job prospects. These are the type of people who can be helped by Alpha Car Finance. Alpha takes the view that everyone deserves another chance, and encourages people in this situation to apply to them for a car loan.
A Different Approach to Car Finance
The approach taken by Alpha Car Finance is that they base their financing decisions on an applicants current and future financial position, rather than looking back into the past. This means that an applicant with a deposit and the means to make the repayments will be considered for a car loan. Regardless of whether they are new to Australia, self-employed, a pensioner or have past credit defaults, applications will be evaluated on the basis of their current situation.
Visit the web page at alphacarfinance website for full information on their car loan finance, and check out the vehicles that are ready and available to go. Fill out the on-line application form, and a staff member will be in touch within 48 hours to discuss your situation and finalise the application. For genuine people who want to move away from the past, Alpha Car Finance can provide a solution.
