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People with a default or past credit issues
Car finance after a default: what changes a lender's answer
A default is not the end of the conversation. These are the things specialist lenders tend to weigh most.
- 1Whether the default is paidA paid default usually reads better than an unpaid one. If yours is still owing, ask the creditor for a payment arrangement in writing.
- 2How old it isRecent conduct matters. A default from years ago with clean repayments since tells a different story from one last month.
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