Car Loans Now Hitting High-Earners

Many high-earning Britons are now being declined by mainstream lenders – often due to just minor blemishes on their credit files.

That’s the finding of specialist motor finance group The Funding Corporation which reports a sharp rise in the number of people who are “salary rich, but credit poor”.

The Chester-based group specialises in non-prime car finance for those with impaired credit records. [Read more…]