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4 Posts

Posted - 27 October 2020 :  08:32:37  Show Profile  Reply with Quote
Hi All,

Has anyone on here used Moneybarn? My approval rate is okay considering circumstances. I just have a fear that is keeping me up at night as itís been a long 39 months in my td and pcp is due up in jan. I have a little equity in the car and downsizing greatly to save money where possible.

Looking for some positive stories of using there services as the internet is a mixed bag.

TDA (Debt Adviser)
Trust Deed Expert

13542 Posts

Posted - 27 October 2020 :  18:12:28  Show Profile  Reply with Quote
Hi Haz7991.

I've read mixed reviews as well, but some of the negative feedback I've seen relates more to price than service.

The last time we researched this topic we couldn't find many lenders who would consider providing car finance at all during a trust deed, so I guess the interest rates may reflect a lack of competition.

Is there any other viable way for you to replace your vehicle? I think firms like Moneybarn fill a necessary gap in the market but might be viewed as a last resort more than anything else.

Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds    
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