Then Finance For You (FFU) may be able to help!
We assess each application on its individual merits. We are willing to approve credit applications for people with no or a damaged credit history. Rather than looking back, at ones credit history, we like to look forward. Naturally, the interest rates charged will be higher than traditional credit as the associated risks are higher. Finance For you is a member of the Irish Credit Bureau, so as you repay your Hire Purchase Agreement with FFU this will start to repair your credit profile also. This will help enable you access credit in the future at lower rates.
Car Finance is arranged under a Hire Purchase contract with FFU. Hire Purchase is a contract where you rent the vehicle from FFU for an agreed period of time e.g. 36 months in return for a set weekly payment. During the agreement, you can use the car but the finance company (i.e. Finance For You) actually owns it. Finance For You is the owner, and you are the hirer. At the end of the agreement, the finance company (i.e. FFU) automatically passes ownership of the car over to you, provided you have made all the payments.
Key Benefits with a Finance For You Hire Purchase agreement;
FFU provides finance to individuals when no other Bank or Finance House will do so
It enables customers locked out of the normal credit options to get back on the borrowing ladder, a 2nd chance and a fresh start;
It enables individuals to upgrade their car. While the weekly payments may be higher than a prime lender, this can be offset due to the lower running and maintenance costs associated with your new car;
A Hire Purchase agreement with FFU helps to repair an individual’s credit history which will help facilitate them access cheaper credit in the future;
“FFU approved me when no one else would, enabling me replace my old car that was on its last legs. My old car was costing me a fortune with higher tax, poor fuel economy and high repair costs. After having come through a difficult period financially, FFU gave me a fresh start, a 2nd chance when no one else would support me. They were excellent to deal with, really helpful and efficient. The weekly repayment option is fantastic as it suits my cash flow and weekly budget” James from Santry Dublin 9.
FFU’s CEO, Brian Leslie
“FFU is helping customers all around Ireland, offering a responsible and affordable finance option for those customers who are unfairly excluded from mainstream lending. It doesn’t matter to us if you have a bad credit rating, no credit rating or are self-employed. The most important thing for us is that you can afford the weekly payments”.
WARNING: SECURITY WILL BE REQUIRED OVER A MOTOR VECHICLE. YOUR VECHICLE MAY BE REPOSSESSED IF YOU DO NOT KEEP UP YOUR REPAYMENTS. THIS MAY ALSO AFFECT YOUR CREDIT RATING, WHICH MAY LIMIT YOUR ABILITY TO ACCESS CREDIT IN THE FUTURE.