Non Status Car Leasing
For those of you that have only just come across our website while searching for a sensible alternative for bad credit or if you have found you don’t quite meet the normal lenders scorecard then I’m sure you might not be familiar with the term Non status. This applies to the type of car lease agreement or finance facility being undertaken and in essence relates to the fact that the financing company are fully aware that your credit file may be poor and so will look at other factors when making a decision – hence your present ‘Non status’ designation!
Who qualifies for a Non Status Car?
The types of customers that we deal with that this term defines would be; Someone with no credit rating or who has had very little credit in their life – lenders have no information from previous transactions to go on to tell if you are the type who pays your accounts without fail. A Non status car leasing agreement would be offered to those who were unable to prove to the lender that they had borrowed on finance before and made all repayments. It might be that you have had no need to get a car loan or car finance before and are sensible in the fact that you also have no credit cards. But by having a profile of this nature the high street banks and institutions cannot lend to you as you don’t fit their criteria! Non status car leasing may also apply if for example you have had a number of different addresses in the last few years and are not on the electoral roll at your home. The lender will need to be able to confirm where you live and the main way they do this is to check the records held by the government to see if you are registered to vote where you live.If not then many will simply decline your application immediately and wont even look at it again until you are on the roll.The Non status route wouldn’t be as strict as we would just need a copy of a recent utility bill such as gas,electric or land line phone bill in your name – this would prove you live their!
I have bad credit – how can you help?
One of the major reasons that customers use MSG for their Non status car leasing needs is the fact that their credit profile may include either some bad credit such as CCJ’s,default notices,previoius bankruptcy,IVA,late payment of existing agreements,mortgage arrears and other problems resulting from disputes. Put simply with a Non status car lease we will be able to get you the car of your choice,in the specification of your choice even if you have been refused credit anywhere else. We have a current approval rate of 99% with no current declines for some time! This isn’t a statement designed to get you to ring in and then we will tell you we cant help as this would be a waste of both our time.At MSG we are so confident that we can get you approved we enjoy giving you the good news – especially if you have had so much difficulties with other companies or brokers.
Common FAQ’S for Non Prime Car Funding
