Can I Transfer a Car Loan to Another Person?

Monday, 20th January 2025 8:17 pm

Transferring a car loan from yourself to another person is somewhat tricky because a car loan is tied to your financial circumstances and creditworthiness. What's more, lenders assess loans based on the original borrower's financial stability, income, and credit score. With this in mind, in order to

How to Get Your Credit in Order in the New Year

Tuesday, 24th December 2024 8:56 pm

With inflation still a sore point for households around the country, and interest rates eating into savings for many, the new year represents an opportunity to turn the page and try improve your financial standing. A central part of that is getting your credit in order, something deemed crucial to y

How Long Does it Take to Get Approved for a Car Loan?

Monday, 16th December 2024 3:51 pm

The time for a car loan to be approved varies depending on the lender, the type of loan, and the applicant's financial circumstances. However, on average, approval times can range from a few hours to several days. These are some of the factors that may influence appro

Can I Reduce My Exposure if I Co-Sign a Car Loan?

Sunday, 15th December 2024 4:19 pm

In some instances, having a poor credit history can severely restrict your access to capital. Certain lenders may be willing to extend finance on strict or otherwise unfavourable terms, while some financiers will be reluctant to provide anything at all. Fear not, however, because even those with

Is a Credit Check Always Required for a Car Loan?

Friday, 29th November 2024 9:06 pm

To apply for a car loan, you typically need to pass a credit check. Lenders use your credit history to assess your ability to repay the loan. This process helps them determine the level of risk associated in lending you money. A credit check provides lenders with an o