I have been under debt review from 2015 and lost my job in Nov 2017. I got a new job in April 2018 that requires me to have a vehicle. I am now earning 50% more that what I was earning at my previous job. Will it be possible to get a vehicle on credit?
Thank you for getting in touch.
If you are still in the Debt Review program or if the Debt Review listing is still on your credit report, then you will be unable to take out new credit. The National Credit Act prohibits you from incurring any further credit while you are under debt review. Which makes sense since credit is what caused most of our clients’ debt.
But once you have completed the program you will be able to apply for credit again.