The Best Car Finance Blog In The World

As most of you know the mortgage and financial services industry are regulated by the Financial Services Authority (FSA), for the time being at least until the new structure, as announced by the Chancellor, takes over fully in 2012. Cases of fraud are dealt with by both the FSA and the Office of Fair Trading(OFT) in conjunction with the police. However, whilst the OFT keeps a watching brief over the activities of those Read more »

There are two reasons why you should not procrastinate when you have found a great deal on a car that is in stock and for which you’ve been approved for finance. Firstly, whilst lenders don’t like to provide information regarding fraud, as it may alert the crooks out there as to how the latest frauds are working, fraud has increased, according to some insiders, at an alarming rate. As a result we are seeing Read more »

In the current climate there is lots of talk about guarantees and indemnities. Let’s be clear, before a lender considers a guarantor he must be fairly certain that the borrower can repay his debts. You may be someone who has never had credit before or you have had a credit card that has hardly been used, so you have very little credit history on which to form an opinion. But everything about you looks good, home, job, bank etc and you certainly have no adverse information stored on your credit file but for that extra bit of comfort the lender may be happy to Read more »

Fuel is coming down, the sun is shining and the banks are lending again. Well 2 out of three can’t be bad! I think the email from the Government to the banks must have got lost in cyberspace somewhere or maybe they sent it in the post without a large letter stamp attached. Either way I am still waiting, as are most in the finance industry, for the glimmer of light that suggests that Chancellor Brown oops I mean Darling did the right thing for us common people or whether things will continue to deteriorate. The annoying thing is Read more »