If you have been refused finance for a car loan or any other loan, it probably means you have a poor credit record. This is not the end of the road for you as many brokers deal with lenders who are prepared to lend to people who dont have a great credit record. There are some drawbacks however, the rates vary depending on how poor your credit record is. Take a look at the table below to show you how credit record scores range.
Score Range | Category |
300-579 | Very Poor |
580-669 | Fair |
670-739 | Good |
740-799 | Very Good |
800-850 | Exceptional |
Source: | Experian |