Can I lease a car on a Debt Management Plan

Can I lease a car on a Debt Management Plan

Approval for car lease when in a debt plan

If you’re in a debt plan, it’s likely it will be a Debt Management Plan (DMP) or an Individual Voluntary Arrangement (IVA). In many instances, lenders won’t consider your potential for making repayments if you’re in this situation. This is because they won’t want to risk lending to someone who has previously missed or defaulted on payments.

At Car Lease 4 U, however, we specialise in arranging car lease for those currently in a debt plan. So we will still consider your application if you’re in this situation. As a specialist bad credit car lease broker, we were initially set up to help people in debt plans. We recognise that if you’re in a debt plan you’re addressing your financial problems and working towards a more sustainable financial future. Therefore, you can be confident that we understand your situation and are willing to help.

I’m in a Debt Management Plan (DMP) Can I lease a car on a Debt Management Plan

If you’re in an informal Debt Management Plan (DMP) we will need information regarding your creditors. This will help us to better understand your situation and factor in your current DMP payments. Our lender will consider your DMP payments when considering an affordable and realistic monthly payment towards a car.

Applying for car finance in a debt plan Can I lease a car on a Debt Management Plan

We work with a specialist bad credit car lease lender who base their decisions on your current circumstances.

We’re here to help Can I lease a car on a Debt Management Plan

A member of our team will help you through your car finance application. We will take a look at your current situation, including your income and expenditure and your monthly affordability towards a car, we can also recommend what car types and models would be a good option for you, whilst introducing you to some of our latest deals.

We’re authorised and regulated by the Financial Conduct Authority (FCA) and commit to the Treating Customers Fairly (TCF) guidelines. You can be confident that we will never offer you a car finance product that is not appropriate for you.

All of the above will help you get on the right track with your credit history in the UK . I hope i’ve helped you out. For people reading this and asking Can I lease a car on a Debt Management Plan then please apply here and once approved we provide a no obligation quote and you can lease a car from any dealer in the UK.

Of course, if you have anymore questions about Can I lease a car on a Debt Management Plan , we’re more than happy to help. Our friendly and helpful staff are only a phone call away on 028 7122 8822 . Or contact us online here.

Can I lease a car on a Debt Management Plan