Car loan - final payment o/s. on current loan also.

G

grapefruit

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Hoping someone can help with this.
We are about to purchase a new car financed through the car dealer. My husband has one final payment left (300 Euros) left on an existing loan, will this hinder our approval chances, or will there be any problems applying for a loan so soon after one is almost completed?
 
I just cleared of my second car loan with aib first one was 18000 loan and second was 32000 and as allways paid them off 2 years early just paid 9000 last week and reapplied for 29000 my credit history is exelent with 3 morgages never missed or late with payments have my own business as allways doing very well and this is the problem one of the rental houses I have was on interest only for 5 years and last year I extended this for a further 2 years but this was put on the icb by bank of Scotland with a letter from them stating this will not affect my creadit rating aid will not loan to me because of this
? Why
 
AIB see your non-payment of interest and principal as showing pressure on your finances. From what you write they are being harsh.

If you are applying for car -Finance ,get a Hire-Purchase application in via the car dealer.
I would suspect it will go through as you probably have a fair trade in.You will probably finfd Rate charged is no more than Bank Loan Rates.

Then when in (cooler) mode ; look @ all your finances.
If the (fault) lies with AIB , see can you move Bank.
 
I also tried with Volkswagen bank also refused but strange today girl from aib called to say she looks after my account and was there anything she can help with I just asked what amount are that willing to give me also I paid for a copy of my Icb details today really whant to see this but at this point I feels like I'm begging don't think I'll ever ask for a loan anytime soon cheers for the reply
 
Last edited:
David 67.

Peruse your ICB when you get it.

It is a bit strange that Bank of Scot has in writing stated (no icb issue) yet you are still hit ?
Methinks Bk of Scot havn,t amended your ICB ?
 
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