‘Guaranteed finance’ is a term sometimes used by firms to invite customers who might typically have a sub-prime credit record, to contact them. In reality, ‘guaranteed finance’ does not exist. A regulation made it illegal for any company to advertise guaranteed finance for cars unless the finance provider is willing and able to provide finance to everyone who applies.
To do so, would be too great a risk for any finance provider. The Financial Conduct Authority expects its authorised firms to treat their customers fairly.
Every statement made by a company must be ‘clear,’ ‘fair,’ and ‘not misleading,’ therefore it would be unfair to the customers of any firm to ‘guarantee’ credit without having first undertaken an assessment of the customer’s needs and objectives and an assessment of their affordability.
At Lovemoney Finance we deal with responsible lenders, who put our customer’s needs first, based on criteria that ensure fairness for each and every one of our customers. Our multi-faceted search programme allows us to put our customers in contact with a large panel of lenders who will provide them with a huge range of options to suit their personal circumstances. Our customers can choose a repayment term that suits them and their budget.
LoveMoneyFinance benefits from its reputation as a reliable finance introducer with whom many lenders wish to trade. With such a large panel of lenders, there is healthy competition to provide the customer with the most suitable and competitive loan. This ensures that each customer gets a tailor-made loan at a great price. Love Money Finance specialises in dealing with customers who may have struggled in obtaining finance in the past the cost of this credit may be significantly higher.
We endeavour to help everyone who gets in contact with us and to find the best deal for each individual who comes to us.
Obtaining vehicle finance can seem daunting and complicated. At LoveMoneyFinance we have designed a system, which aims to simplify the process. Simply fill in the easy-to-complete online application form, and one of our customer service representatives with promptly be in touch.
We will efficiently and professionally deal with your enquiry, to source the best possible financial solution for you.
We also ensure that the customer is cared for at every stage of purchasing a vehicle.
We assist our customers in finding a reputable dealer so that they can be safe in the knowledge that their vehicle will take care of them, whilst we take care of the finance.
LoveMoneyFinance has created an inclusive business which does not discriminate based upon poor credit history.
Without offering guaranteed car finance, we endeavour to find vehicle finance for all those who contact us.
When applying for a finance, we first carry out a soft search in order to give you a personalised quote.
If you are happy with the personalised loan offer, APR, and monthly payments we will them conduct a full credit search on your profile.
Once you have accepted the quotation on your formal application to the lender has been approved, if it is car finance for example, you just need to choose the car you wish to buy.
We complete all the paperwork and then pay the money direct to the dealer. So the only role left is to drive your new vehicle away, if it’s a personal loan you have been accepted for the money will be paid directly into your account.