Press Releases • Oct 01, 2015 14:28 BST
Moneybarn, the UK’s largest non-standard car finance provider, announce the launch on 1st October of a new product offering finance for light commercial vehicles (LCVs). This exciting new launch gives greater opportunities for customers with a poor credit history who are looking to finance panel vans, car-derived vans and pick-up trucks.
The move into light commercial vehicles is as a result of feedback from customers and brokers which suggests that there is a demand in the LCV market for Moneybarn’s approach of responsible lending to non-standard customers.
“Moneybarn believes that there is a growing demand from customers who cannot access finance for their light commercial vehicle from mainstream funders. We are a business that prides ourselves on being progressive, and this is an exciting chance for us to engage with new customers who are an increasingly important part of the UK economy”, said Shamus Hodgson, Moneybarn’s Commercial Director.
Finance will be available to those who are self-employed, sole traders and private buyers with non-standard credit history. There will be 3-5 year finance terms available, subject to status, with a minimum loan of £5,000.
For any further details please contact Stacey Ball (Marketing Manager)
Telephone: 01730 715332
Moneybarn offers responsible vehicle financing products to consumers who have experienced difficulties obtaining credit elsewhere. Founded in 1992, Moneybarn takes a fair approach to enable customers to buy the car of their choice, from the dealer of their choice. Moneybarn prides itself on being approachable, and provides car finance through a nationwide network of brokers, accredited car dealerships and from Moneybarn direct. With over twenty years’ experience and thousands of customers, Moneybarn is a member of the Finance and Leasing Association, the official trade organisation of the motor finance industry. The FLA promotes best practice in the motor finance industry for lending and leasing to consumers and businesses.
Moneybarn is authorised and regulated by the Financial Conduct Authority.
Moneybarn, the UK’s largest non-prime vehicle finance company, leads the industry with a legislative transition seminar for broker network.
Press Releases • Oct 03, 2013 12:03 BST
The UK’s largest non-prime car finance lender hosts industry leading seminar to prepare their introducer network for the significant changes that will arrive with the introduction of the Financial Conduct Authority.
Moneybarn Announce Ground Breaking Guaranteed Car Finance Product Servicing UK Consumers With Bad Credit Rating
Press Releases • Nov 10, 2011 11:07 GMT
MoneyBarn PLC one of the UK’s leading car finance providers announce a ground breaking service to provide guaranteed car finance, even to people with a bad credit rating and poor financial history.
While traditional lenders base their lending decisions mainly on the credit score or rating of each individual consumer, Moneybarn take a far more pragmatic approach to lending, looking at a wide range of indicators to determine whether a client can actually afford the loan that they require.
This wider reaching viewpoint means that Moneybarn can offer guaranteed car finance to people who have already been declined elsewhere, and who cannot access loans from other providers, including even discharged bankrupts, and people with CCJs or IVAs.
This new methodology in assessing applicants for car finance means that Moneybarn are able to help far more people to afford cars and other vehicles than traditional car finance providers, especially those people who have little chance of being accepted for financial loans elsewhere.
Moneybarn’s unique approach is to have the consumer find the vehicle they require first, then to submit the details of this vehicle such as it’s age, price, and the size of any deposit so that they can determined whether or not the applicant can afford the vehicle.
These figures are taken into account along with the consumers other financial obligations, their income, and their credit score to calculate the affordability of the loan.
If the consumer can afford the repayments without overstretching themselves, then car finance is offered to the applicant.
In these times of austerity and the global tightening of loans and other financial instruments by banks, Moneybarn believe that they have adopted an intelligent approach to finance that makes it possible for ordinary consumers to access funds required for important purchases that they otherwise would not be eligible for.
moneybarn creates more opportunities for more consumers to finance the purchase of cars with a responsible, ethical and inclusive approach to car finance. With over 20 years experience of working with customers with unusual and non conforming backgrounds who may have experienced difficulties obtaining credit elsewhere, moneybarn is the UK’s leading specialist car finance provider. More information can be found at www.moneybarn.com
Moneybarn PLC have launched a new financial product which guarantees car finance even to consumers who have been refused credit at high street banks and other lenders and who have an unfavourable or poor financial record and bad credit score.
Press Releases • Aug 26, 2011 10:21 BST
Ahead of the September '61' plate change, moneybarn, the UK's leading non prime lender announces the most popular cars for consumers with poor, bad or impaired credit - with some surprising results.
The UK's Leading Non Prime Car Finance Provider
Moneybarn is a UK based lender specialising in providing car finance for customers who are considered to have bad or poor credit an have been turned down elsewhere.
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