It can certainly be difficult taking out a car finance agreement if you’ve never borrowed money before. The simple reason being lenders have no way of assessing whether or not you’ve kept up to date with payments or not. Quite often, people will apply for a credit card just so they can build a credit score for the future.
We would certainly advise anyone with no credit history to do their homework before borrowing from anyone, making the process easy. A credit check is required to provide reassurance to both lender and borrower so ensure this is part of the process. At CarFinanced, a soft credit check is carried out, but this will not affect your credit score until you decide to proceed with the agreement.
Luckily, because of our vast panel of lenders, you could still secure a loan without any credit history. We help people with a variety of circumstances every day so why not go ahead and get a quote today?