When it comes to getting approved for a new or used car finance plan from MSG Cars there are always some extra things that you can do to increase your chances of both an approval on car finance and also a quick turnaround of the case to completion. It all starts with the online application form and more importantly the information that you enter. The key factor here is to be as accurate as possible and ensure that all the data that you input is correct and up to date. Many customers believe it or not simply mis-spell their own name or enter a middle name on the section of the form for the first name! By having the correct information we ensure that there won’t be any problems or hold ups further down the line and also that you are given the approval rate that most closely matches your details. The first and surname need to be entered the same as what is found on your identity or birth certificate for example and so this means complete first names as opposed a shortened version – an example is someone called James filling in Jim or Julian typing Jules! It might sound like nothing but in our recent experience this can be the difference sometimes between a yes and a no to the approval on car finance or even getting a more favourable rate when it comes to the monthly repayments.
Entering correct address to your finance application
Your address details is the next area to consider and we have also found that some customers don’t enter all their addresses in the correct order or even elect to not enter an address they only lived at for short periods. The problem with this is that even if you were only at a property for under 6 months there is still likely to be some form of electronic record showing in your name and so the lender will more than likely pick up on this and think that your case looks untrustworthy. It can be something as simple as even changing your bank account correspondence to the new property or an account like a telephone bill that leaves a footprint on your file but this is enough. It’s best to remember that no one is out to judge you on having a poor credit rating as all our customers have something or other!
Accurate employment details can help considerably!
Once we have the correct address and name details the next most important area is having accurate employer information. If you are self-employed or a company director don’t be afraid to state this as it doesn’t affect the application process but will require a slightly different way to prove your income when requested. In the great majority of cases we need either two months wage slips or bank statements but if you are a director it has to be bank statements only due to the control that you have over the business. By entering the proposal form in an accurate manor it just saves additional work further on down the line. Car finance with bad credit doesn’t need to be difficult so please be aware that we are experts when it comes to getting customers through these processes.
Is your drivers licence upto-date?
The last area that needs fine checking is the validity of your identification and also how up to date it is too. We often get copies of driver’s licences from customers that carry old addresses and providing this address is on the application we will be ok. If the address was for some time ago though we will need you to update with the DVLA before we can pay for your new car. Our consultants are very good at spotting these issues though and it is rare that our system misses vital info out. With females applicants who have either been married or even divorced since having their licence issued we also keep our eye on those details. It might be that we request a marriage certificate etc and so you can be confident that we give the application you send to us the utmost attention.
