If a customer contacts us and they are in a debt management plan it’s often in a desperate last ditch attempt just to see if there is a distinct possibility the claims on our website may be true. Many of you will be reading this after doing an Internet search through Google or another search engine and will be surprised to see that there are companies out there that will not only deal with you but actively search for your business! Well the statements ARE true and MSG Cars are not here to waste anyone’s time let alone ours and if we weren’t confident that Car Loans in Debt Management were possible then this page wouldn’t appear on the website.
A Debt Management plan will eventually show on your credit file as regular repayments once again and so it helps the Bad Credit Car Loan provider see that you are committed to your obligations and obviously you are not alone as the numbers of UK resident affected by debt and credit problems reaches Millions. One of the more important factors when underwriting your application is likely to be how traceable you are and this is where factors such as the voters roll comes in. Another way that a finance company can see your address history is through current or previous finance accounts as each one will have you linked to an address. By looking at your credit file they will see in an instant if you have lived at the addresses you say you have and so someone on a debt management plan is likely to have quite a few footprints to view. Applications from someone with Debt Management will be treated just the same as someone with only a few late payments and you can still expect an instant decision and 2-3 day turnaround . Car Loans for Debt Management work in exactly the same way as with any other customer and we dont require proof from the DM company you are with. The only time you will need permission is if you are in an IVA as this is a registered financial activity so providing you are accepted we will only need you to show us the relevant proofs of ID and income.