Applying for Finance with Bad Credit in Ireland
If you have bad credit, you may think that it’s impossible to secure car finance in Ireland. However, at Vendor Finance, we believe that everyone deserves a chance to own a car, so we exhaust every option available to us to get your application across the line. In this blog post, we’ll explain how you can apply for car finance with bad credit at Vendor Finance.
Why Choose Vendor Finance?
Vendor Finance is a reputable and trusted car finance provider in Ireland. We understand that bad credit can happen to anyone, and we are committed to trying to assist people with bad credit to get the car they need. Here are some reasons why you should choose Vendor Finance for car finance with bad credit:
Quick and Easy Application Process
At Vendor Finance, we make the application process quick and easy. You can apply for car finance online, and the process only takes a few minutes. Typically, you’ll receive a decision on your application within 24 hours but depending on your circumstances, it may take a little longer.
At Vendor Finance we can obtain the most competitive rates for finance applications for cars. We believe that everyone deserves a fair chance to own a car, the rate you will be offered will depend on your own personal circumstances, and determined in the lender’s underwriting process.
Our expert financial team is made up of experienced professionals who are dedicated to helping you get the car you need. We understand the challenges of bad credit, and we are committed to helping to find a solution that works for you.
Applying for Car Finance with Bad Credit at Vendor Finance
If you have bad credit and want to apply for car finance with Vendor Finance, here’s what you need to do:
Check Your Credit Score
Before applying for car finance, it’s a good idea to check your credit score. Not only will it allow you to see if there are any errors on your report, it will give you a clear picture of where your credit stands and the kind of car finance options you may qualify for. In Ireland, you can request your credit report, free of charge, from the Central Credit Register (CCR).
Gather Your Documents
To apply for car finance with Vendor Finance, you’ll need to provide some documents, including:
- Bank Statements for the past 3 months
- Photo ID – Passport or Drivers License (Preferred)
- Recent Payslip
- Proof of Address (utility bill, official letter, etc. dated in last 6 months)
- Details of the car you want to finance (make, model, year, etc.)
Once you have your documents in order, you can apply for car finance online through the Vendor Finance website and instantly receive login details for your very own customer application portal, straight to your email inbox. Once logged in, you can provide all your personal details for your application ,as well as upload all your supporting documents, securely and all at a time and place that suits you!
Choose Your Car
Once we have a finance approval in place for you, you can go ahead with the car you may have already chosen, or go shopping for one (or a different one).
Sign the Agreement
Once you’ve chosen your car, you’ll need to sign the car finance agreement. This agreement will outline the terms of the loan, including the interest rate, payment schedule, and other important details.
Once you have signed your finance agreement, the dealer will be notified and you can contact the dealership directly to make arrangements to collect your car. It’s that simple!
At Vendor Finance, we believe that bad credit shouldn’t hinder you from owning a car. We are committed to assisting those with bad credit, get the car they need and we make the application process quick and easy. If you’re ready, click here to head over to Vendor Finance’s website and get started today!