Well what a year it has been !
Both personally and professionally it has been a very busy here. This is my first blog post after coming back from Maternity leave. Although I may not have been in the office, as it is a family business I have been involved throughout my time off.
I have loved spending time off with our latest wee addition Faith, but I am glad to be getting back to it after nearly a year away from my desk . I am still only in the office 3 days a week at the moment but I am enjoying getting a hot cup of coffee and not spending every day covered in Weetabix and snot.
I am also happy to see that everyone has been taking such good care of the place in my absence. We have been busier than ever this year and with the introduction of a few new finance companies we are now able to offer help with car finance to many more people than before.
The biggest change I have seen is with the introduction of device/pay as you go finance products, these allow customers who previoulsy would not have been able to obtain car finance, get into a new car and start rebuilding their credit history. They will consider most circumstances such as:
- Low credit score
- Discharged bankrupt
- Self Employed/ Agency /sub contractor
- Not on voters roll
How they are able to lend when others can’t is down to the fact that they will fit a device or tracker to the vehicle which gives them more security. A lot of people are put off with this when it is actually a very simple process and in some cases will lower your insurance. The two ways this can be done are as follows
A device is fitted to your car which comes with a keypad and when you make your payment you receive a code which you enter. If you miss a couple of payments then they can imobolise the car, but this is only in extreme cases where no contact is made and you would receive plenty of notice before they would do it.
A tracker is fitted to your car which would allow the finance company to find the car in the event of non payment and this particular method can lower insurance due to the car having the tracker fitted
Neither methods damage the car or interfere with the driving and it allows so many more people to gain access to hire purchase products.
I wanted to give a short explanation of these products as some people are unsure exactly what is involved with our new products. I hope this helps.
Now I’m back to work I hope to keep my blog a bit more up to date