Some people believe that by applying for numerous loans at once will increase their chances in being accepted. On the contrary, this can actually be damaging to your credit rating so we'd recommend avoiding using this method.
The reason why it could have a negative effect on your credit rating is that every loan application you submit, a note is placed on your credit profile which is visible to lenders when they do a credit check.
Lenders will take financial commitments into consideration, as well as current status and financial history when you apply for finance.
So, if you apply for various loans within a short space of time it makes it seem like you're financially desperate, which will make a lender more likely to refuse your application.
This is why we recommend using specialists, our services are incredibly easy to use and not only does it take the hassle out of hunting for the best deals when you use a specialist, but once your application is accepted, we'll also take care of the administrative side of things for you.
The only bit we leave for you, which is arguably the trickiest part of the process is to choose what car you want!