Young Driver Guarantor Finance How do you start to build a credit profile when you have never borrowed?

Often due to automated underwriting the deal will be refused or at least referred for much additional work. A young buyer with only a small deposit and probably needing a longer repayment period doesn’t strengthen the deal. Prompt Pay can give that extra confidence the underwriter needs to turn a weak deal into a “doable” deal. Guarantors who are often dragged unwillingly into the scenario are reassured by the inclusion of a payment reminder unit and the hirer rapidly builds a credit profile that will subsequently open many other funding opportunities for them.

With “care for the customer” at the heart of everything we do the Prompt Pay system reminds the hirer when a payment is due and instils discipline into the borrower’s behaviour from day one. See Prompt Pay for more information.