Quackerzakieee Posted February 18, 2021 Share Posted February 18, 2021 Hi all just looking to see if anyone knows how likely it is to get finance for a new bike my credit score is 797 which is in the upper end of the fair band Any help appreciated Quote Link to comment Share on other sites More sharing options...
husoi Posted February 18, 2021 Share Posted February 18, 2021 Install clearscore in your phone and check what it says. Alternative is credit karma of the credit monitor from moneysupermarket, both have phone apps Depends what the 797 refers to, if it is out of 1000 you won't be too bad for finance. Quote Link to comment Share on other sites More sharing options...
Quackerzakieee Posted February 18, 2021 Author Share Posted February 18, 2021 I use experian its out of 999 so hopefully with a bit of luck will have a shiny new blade or z900 in 4 or 5 months lol Quote Link to comment Share on other sites More sharing options...
Gerontious Posted February 18, 2021 Share Posted February 18, 2021 47 minutes ago, Quackerzakieee said: I use experian its out of 999 so hopefully with a bit of luck will have a shiny new blade or z900 in 4 or 5 months lol If you have any current debts being paid.. make big efforts to pay them off, or reduce them as much as possible. especially credit cards. Quote Link to comment Share on other sites More sharing options...
Quackerzakieee Posted February 18, 2021 Author Share Posted February 18, 2021 Yeah got no debts pretty much got an old load which I'm paying off tomorrow then thats it Quote Link to comment Share on other sites More sharing options...
Stu Posted February 18, 2021 Share Posted February 18, 2021 Credit scores are irrelevant and mean nothing They want to see you have no CCJ's missed payments bankruptcy IVA's and they want to see that you are a good payer and that you can afford it Quote Link to comment Share on other sites More sharing options...
Bender Posted February 18, 2021 Share Posted February 18, 2021 Check out bank loans, over 7k ish the rate drops right down, way lower than finance, and if you don't need it you can pay it back off what you borrowed Quote Link to comment Share on other sites More sharing options...
daveinlim Posted February 19, 2021 Share Posted February 19, 2021 You're credit score is probably good enough for what you need. Make sure you're registered to vote at your current address. That s huge bonus to your score. Clear any debts if you can. Don't apply for any other finance in the 2 months before you apply for the loan. Check your credit history is correct. You'd be suprise how often this is wrong. Check out high street banks. Many of them have loan rates about 3 to 3.5% for loans of 7.5k and above. That way the loan isn't against the bike which would make it easier to sell as there's no official outstanding finance on it. If you're buying from a dealer put the deposit down using your credit card, say £200 or something. It gives extra cover to you in the case of a fault and for the entire price not just the deposit. Quote Link to comment Share on other sites More sharing options...
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