Monthly Archives: February 2024

02 Feb

Can I get car finance with mortgage arrears?

Getting car จำนำรถ ติดไฟแนนซ์ arrears can be challenging, but it’s not impossible. Here are some factors to consider:

  1. Credit History: Lenders typically consider your credit history when evaluating your loan application. Mortgage arrears can negatively impact your credit score, making it harder to qualify for car finance. However, some lenders may be willing to overlook past financial difficulties if you have since improved your creditworthiness.
  2. Income and Affordability: Lenders assess your income and financial stability to determine your ability to repay the loan. If you have a steady income and can demonstrate that you can afford the car finance payments despite mortgage arrears, some lenders may be more willing to approve your application.
  3. Lender Policies: Different lenders have varying policies regarding lending to individuals with past credit issues, including mortgage arrears. Some lenders specialize in providing financing options for individuals with less-than-perfect credit histories, while others may