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My claim history letter appeared in my inbox mid-afternoon yesterday (13/4), requested on Thursday 2/4. Allowing for the Easter break, that’s really 5 working days from request. Looks like Direct Line are getting on top of this or else the volume of requests has reduced.
@on the spectrum
“Not being rude but how the hell did you get finance without a credit check finding out you was bankrupt so soon as most people with bad credit history or retired find it very hard to get any finance and Experian credit ref agency I was told for a lease car you need well over 800 points and most people where I live only score in the 500-700 score so quite amazed you got this but good luck to you.”
I said my bankruptcy fell off last month. It has been on my credit reports for the last 6 years but is now gone. I’ve helped my credit by taking out a credit card 3 years ago and building the limit up from 1k to the current 7k. I use the card regularly but always pay the balance off in full, usually well before the due date. I have a couple of mobile phone contracts and the usual utility suppliers and have ensured everything is golden there so my rating is very good now the bankruptcy is gone.
Retired – the garage couldn’t have cared less nor was there any interest in me proving income. I think that, especially with the loan being tied to a vehicle, they were more concerned with knowing where to find me in case they needed to repossess the car.
As @swwchris says, it was probably easier to get the loan with the car being the property of the finance company until the final payment is made. I just ensured that I had done everything possible to maximise my chances before applying. A soft credit check via Tesco Bank for a personal unsecured loan of 17k said I had a 95% chance of acceptance so I thought I was pretty much guaranteed to be accepted via Suzuki Finance.
It’s like anything – plan ahead and get your ducks in a row and you can make things happen.
By the way, my bankruptcy was due to issues relating to my ex-wife and the mortgage our ex family home and my refusal to carry the can leaving me with bankruptcy as the only option. Hey ho.
Thanks very much for your kind wishes 👍. Yes, unfortunately we’re all being made to consider our options. I’m extremely fortunate to be in a position now to be able to make the jump. If my credit was where it was not too long ago I would have been stuck with the scheme or a cheap banger.
@Glos Guy
Thanks 😃. Yeah, owning the car will be a huge plus. It’s crazy to think that after 1 extra year above a standard 3 year lease I will own an asset worth over 10k 😁. Another factor is that Suzuki, like Toyota will provide you with a 10 year, 100,000 mile warranty as long as you have the car serviced with them annually so there’s peace of mind. After 4 years I may well just keep the car and enjoy the extra cash in my pocket 🤣.
Not having to deal with all of the new rules and restrictions will be wonderful. I bet you can’t wait to get your new car. It’s a little more upmarket than my 82 bhp Suzuki 😜.
That’s scary! 3 weeks and no letter! Sound like I have a good wait yet and they’re totally inundated with people like us. Maybe this is something that will make Motability sit up and take notice 🤔.
Appreciate the support from everyone. It’s sad that some of the old familiar faces are, like me, jumping ship and making alternative choices.
