What if i've got bad credit?

If you have bad credit, or your finance application is rejected, there is still a possibility that you’ll be approved in the future.

What if I’ve got bad credit?

Audi and Volkswagen both require good-great credit score in order to take a car on a lease deal. If you don’t feel that your credit score would pass a credit check, you can use a third-party service like Experian to see the quality of your credit score.

If your credit score is bad, there are a number of ways that it can be improved, but your credit score does improve over time, so you might be more successful in the future.

What should I do if I get rejected?

If you’re rejected once, it’s best to check your credit file straight away. If you apply a second time and get rejected again, this can look like a rejection pattern that will look bad for any future applications. Your lender should be able to tell you which credit reference agency it used, so you’ll be able to focus on that one.

Remember that your credit score does improve over time, so if you feel you’re unlikely to pass and your credit report is showing that you don’t have a good-great credit score, it may be better to wait and try again in the future.

READ MORE: How Do I Improve My Credit Score?

Tags:

Ads

You May Also Like

Can I Buy My Lease Car

Can I Buy My Lease Car?

If your agreement is coming to end, and you’ve fallen for your car… is ...

VW Personalisation

How Do I Order A Lease Car?

If you’re new to Lease & Contract Hire then it can be quite a ...

Gap Insurance

What is GAP Insurance?

In the case of a total write-off, GAP (Guaranteed Asset Protection) Insurance pays the ...

Private Plates

Private Plates

A nickname, special date or memorable place… cherished number plates can be important for ...

Stricter driving laws have reduced dangerous driving

Fines and Charges

Although it’s unlikely that you will receive a fine or charge while using your ...

Excess Mileage

Excess Mileage Explained

If you see a lease deal, or already have one, that has a set ...