Low Credit Rating? you are not alone.
Back in 2015 it was reported that a third of us living in the UK have a bad credit score. The Money Charity have reported that in 2016 on a daily average 42 people were made bankrupt, 71 were granted debt relief orders and 151 IVA’s were entered into.
This is the real world, and at Compass Vehicle Services Limited (CVS Ltd) we understand it, this is why we do not look at your credit score when assessing your application. We are looking at your current financial circumstances.
How your credit rating can be affected:
- Job Redundancy
- Business Downturns
- Divorce/Relationship Separation
- Global Economic Changes
- Zero Hour Contracts
- Finances getting a little out of control
If you are unsure of your credit score, take a look at Bad credit score explained, where you will find links and further information.
Applying for a car lease with Compass Vehicle Services Limited (CVS Ltd) does not effect your score further.
It is worth noting that by applying for a bad credit car leasing agreement with us, this does not affect your credit score further; it is only when we have accepted your application in principle that we will need to run a credit reference agency check.
Does leasing with you help my credit score?
Leasing from CVS will not improve your credit score however if you have been on time with your payments, and you have come to the end of your lease and want to try for mainstream leasing, we will of course write a credit reference to the mainstream company you wish to lease from.