At ThinkPounds.co.uk we are always happy to answer any queries or questions that you may have. We have put together a list of the most commonly asked questions below. If you cant find the answer below get in touch using our contact form.
How does thinkpounds.co.uk work?
You can get the cash you need with thinkpounds.co.uk. Simply select the amount you need and we will work on finding the best deal possible for you so you can find your dream car.
How much can I borrow?
You could borrow up to £5,000.
What are the eligibility criteria?
The eligibility criteria varies by lender. There are, however, standard criteria requirements that you will be expected to meet in order to apply. This includes the fact that you must be aged 18 years or older, live in the UK, have an active bank account into which you can receive direct debits, have a regular source of income, UK Drivers License
Why do you require my personal information?
How long does it take to get a decision on my car loan application?
In most cases, we aim to establish a decision in principle within the same working day if you apply by 12pm however it could be the next day but we will endeavor to get a response as quick as possible and will base your credit limit subject to your income.
Will you check my credit score?
thinkpounds.co.uk does not run any credit checks; however, we are a matching service and the lender we match you with may do so as part of the application process.
What is your Representative APR?
Rates from 6.9% APR: the exact rate you will be offered will be based on your circumstances
Representative example: borrowing £6,500 over 5 years with a representative APR of 27.4%, an annual interest rate of 27.4% (Fixed) and a deposit of £0.00, the amount payable would be £188.74 per month, with a total cost of credit of £4,824.37 and a total amount payable of £11,324.37
What should I do if I have problems repaying?
If you have any issues repaying your loan, please contact your lender directly. They will be able to discuss repayment options with you. If you have more serious concerns about managing your money, you may contact Money Advice Service (www.moneyadviceservice.org.uk). Money Advice Service offers free advice to those who need to manage their money more effectively.