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Just Joined

1 Posts

Posted - 04 July 2022 :  23:10:54  Show Profile  Reply with Quote
Just hoping for some advice.
I entered into a trust deed in March of this year. My current pcp on my car is due to finish in September so I am trying to get a used car to replace it.
I have gained permission from my insolvency practitioner, but everywhere I'm applying for finance I'm getting immediately rejected. Running out of options and time so really unsure what to do.

Paul McDougall
Trust Deed Expert

156 Posts

Posted - 05 July 2022 :  09:05:38  Show Profile  Reply with Quote
Morning KCB

Entering into a statutory debt solution will affect their ability to obtain finance in the future however, if the trustee is in agreement then that usually is sufficient to satisfy some lenders to approve the finance. These are typically hire-purchase agreements or conditional sale.

Have you tried speaking to a car finance broker?


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