Hi, im having real problems getting finance for a new motorcycle. Does anybody know why this is? I have a credit card which i am paying off and i have been with the same bank for at least 12 years. I am not a home owner or anything but i have lived in several addresses over the last 4 years as a tennant and always paid my way. Any suggestions? Thanks! Oh and im 26 years old.
It could be the lack of finance in your name - they don't have any history to base your credit score on - only 1 credit card. also because you have moved frequently that can count against you - were you on the electoral roll at all the properties? Also the credit crisis isn't helping anyone.
I would say order your credit report from Equifax or Experian to check there is nothing on there that shouldn't be. You can get the statutory one for �2 or if you want to find out straight away you can pay �11.95 with Equifax or do a free trial with Experian and cancel it before the month is out. You can get your credit score with Experian for �5.95 too.