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Showing results for tags 'financing'.
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Has anyone with bad credit managed to finance a vehicle 'sensibly'? Cars don't last forever sadly and ours is soon going to need a lot of work (including a new gearbox) to get it through an MOT and keep it on the road. Without a vehicle, self-employed hubby can't work, so we're really worried about what to do because we don't have savings to pay for this. Not quite the typical post on here, but hoping someone might have been in this situation. -
I opened a Business account with Barclays and was also placed in their Sales Financing Scheme [Factoring] back in 2007 It was never explained to me properly and in my mind as mis sold as PPI I have struggled since being stuck between a Rock and a hard place, and my charges have been approx £8K a year! It has also lost me 2 high value customers who were sick of constantly being harassed by Barclays to check statements etc. They did noit like this and are no longer using our services. At long last I am now in a position to end my nightmare with this sales finance, but on asking to close my account they now tell me I have to give 6 months notice, and that means I will have to pay about £400 a month service charge for them to do absolutely nothing. I would appreciate any help as I just can't afford to just throw away nearly £2.5K
