It's possible to get car credit for people on benefits
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One of the biggest problems for people trying to get back into the workforce is transport. If you don't own your own car there are a lot of job vacancies that you will have to pass on because you can't get to the job. Luckily, there are places who will provide car credit for people on benefits.
Loan for People on Benefit UK is a fantastic service that provides easy car credit to disadvantaged people. There are a number of conditions that you must satisfy to qualify for a car loan from Loan for People on Benefit UK.
One condition is that you show a decent savings history, in order to convince the people at Loan for People on Benefit UK that you can make the repayments on the car loan. And disabled people that want to apply for a car loan must be on DSS Benefits, so that they receive the financial assistance from the government to help repay the loan.
There are two main types of car credit for people on benefits available with Loan for People on Benefits UK. Secured loans require some form of collateral be provided for the loan. People who apply for a secured can borrow significantly more for a new car and benefit from lower interest rates. Secured loans can be repaid over 5 to 25 years.
The other type of loan is unsecured car credit. They're short term loans that can be repaid over 5 to 15 years. Because the loan is unsecured, the amount you can borrow depends on your repayment abilities.