Personal Lease Deals

[thebigman]

Can't shed any light on your case, MB finance wouldn't accept me despite good and clean credit record, more than sufficient income. They accepted my wife's application even though she wasn't employed.

Go figure?? I'm totally bemused.

Did you appeal the decision at all or did your wife just apply instead?

 

[Gucci]

I figured that out pretty quick with the options list, so am going for a

C250 amg sport plus
Automatic
Metallic black
3+35 months
12k mileage
£387 including vat.

I am not fussed a out command, but if I consider getting a sat nav I can buy the Becker module for 150ish off eBay and sell it when I get rid of the car.

Wow, £387 inc VAT per month for a new Mercedes-Benz. Quite amazing really... who is this through?

 

[Dryce]

Check you credit rating with a free 30day trial. It seems that companies can completely screw up your life with no questions asked, but for us to clear our names, we actually new proof! Messed up system.

It's a system that is overrated and allows financial institutions to be overconfident and lazy in terms of their dilligence on their customers.

There should be some equivalent of credit scoring libel which makes all companies keeping databases and contributing to these systems in any way liable for some sort of compensation (or penalty) for any problems that it causes people where information is not 100% accurate (and I choose that number of 100 very deliberately).

 

[LisleR]

There is redress but it takes some effort. If your credit record is incorrect or contains errors first get a data subject access request from the offending institution, maximum charge is £10 I believe, then write to them detailing any errors or mistakes in their records. If they fail to correct them make a complaint to the Financial Ombudsman Service.

Bearing in mind most banks and financial institutions pretty much treat their customers with contempt and often disregard the law its probably not worth the effort.

If you're rejected for credit there's not really much you can do to force a lender to accept you. There is no law that says anyone has to lend to someone. In the final analysis it's a commercial decision for the institution. Remember the "computer says no" character in Little Britain, pretty much sums up the calibre of some lenders.

 

[RhysC63?]

I recall reading somewhere that issuing a correction notice itself can lead to credit problems - I believe it was something about a correction notice always breaking the automation of the credit check and thus always referring the credit check to a manual analysis which, unbelievably, leads to an automatic "NO" because the institution doesn't have the resources or inclination to do manual scoring.

 

[Dryce]

Ireferring the credit check to a manual analysis which, unbelievably, leads to an automatic "NO" because the institution doesn't have the resources or inclination to do manual scoring.

It's more about commoditisation of responsibility within organisations.

Now this is on the surface a good thing because it ensures a consistent quality of service. But the downside is that the organisation turns into a stupid machine that simply rejects anything that is outside its process. Sometimes the processes are ill-thought out. The end resuly is a consistent poor quality of service in some situations.