Credit Guidance

Choose the most suitable way to finance your vehicle

As a responsible lender we seek to ensure that we can offer you the best advice on your current situation to ensure you can manage your current and future finances.

Below you can find some topics with advice and links to independent websites that provide further advice and tools to help better manage all your finances.

Before you make an application with First Response Finance, you must be clear on exactly how you wish to re-pay the credit you take out. You have a few options available:

Bank Loan

A Bank Loan should always be your first option for any credit as they will always offer you the best rate and terms. A simple non-secured loan with a lower APR than we can offer, the option to settle earlier and manage the debt amount at your own convenience.

Credit Cards

If you are turned down for a bank loan a credit card with your bank maybe the next best option, with the fixed rates of interest on them and interest free periods they could be your second option to source finance.

Hire Purchase

This option is the most popular for vehicle finance following the above. Most often people choose this option as you agree a monthly repayment for a fixed length of time, when the agreement ends you will own the vehicle. It is the most manageable as you know the exact amount each month that will be leaving your account, but also First Response Finance can help you if you let us know in advance that you are struggling to meet the payments.

For independent advice on the above please visit:

Money Advice Service

Work out your monthly budget

Before we offer you credit we make sure that you’re not strained financially and can afford the loan, however, it is important for you to review your finances before you apply for any new finance product. There are tools you can use from independent sites here:

Money Health Check

Money Debt Test

Understanding the application process

When you apply, we will run a credit check to make sure your identity and personal details are correct and that you can afford to take on extra credit. Doing this involves sharing your information with credit reference agencies like Experian, this also helps us prevent fraud.

If you would like to find out more about our application process visit:

Hire Purchase Process