Bounce back loan

[Bodd]

I'm going to use a Bounce back loan to pay in part for my new Van. Girl at the van sales says that if I use the Bounce back loan it will affect my credit history...

I think she's talking crap.

 

[HERTS P&D]

The bounce back loan is to help companies, you are buying a new van for your company.

Anyway, what van are you going for?

Andy

 

[Bodd]

The bounce back loan is to help companies, you are buying a new van for your company.

Anyway, what van are you going for?

Andy

I think so it has 5 year warranty.

She just wants to sell me finance I think.

 

[HERTS P&D]

They make a large kick back on selling finance.

Andy

 

[Bodd]

They make a large kick back on selling finance.

Andy

Thd Ford rep told me that up front....

 

[HERTS P&D]

Will the van be big enough with seats in the back?

Does the wife drive?

Andy

 

[Mottie]

Take the loan from the dealer to finance it - you will get a good deal if buying on finance. The day after you have bought it, use the bounceback loan to pay off all or part of the finance. That will improve your credit rating.

 

[Bodd]

Will the van be big enough with seats in the back?

Does the wife drive?

Andy

I think so. My current van has Tevo Racking. Takes up more room than it helps... However I will miss it.

If I'm clever I'll maximise thd space. Have another van for bigger things.

 

[HERTS P&D]

If you have another van, then just use that until it needs replacement.

Andy

 

[Bodd]

Will the van be big enough with seats in the back?

Does the wife drive?

Andy

She but don't.. I'll see how I get on with just one vehicle to start but I would like to buy a tiny run around and encourage her to drive it

 

[Bodd]

If you have another van, then just use that until it needs replacement.

Andy

My mate drives that

 

[SirGalahad]

I'm going to use a Bounce back loan to pay in part for my new Van. Girl at the van sales says that if I use the Bounce back loan it will affect my credit history...

I think she's talking crap.

Utter poo. The BBL will not affect your credit history as its not recorded agains you but your LTD company.

 

[SirGalahad]

Also a requirement is

Have been adversely impacted by the coronavirus

But it seems you have been as busy as usual so you will be telling porkies to get a loan?

 

[Mottie]

Utter poo. The BBL will not affect your credit history as its not recorded agains you but your LTD company.

Double utter poo. Bodd does not have a LTD company.

 

[SirGalahad]

Double utter poo. Bodd does not have a LTD company.

Triple poo. I just checked BBL scheme ended last month.