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Funder offers van finance for customers with poor credit history

Moneybarn
Peter Minter, Moneybarn managing director, and Shamus Hodgson, commercial director, launch LCV Finance from Moneybarn

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7 October 2015

CUSTOMERS with a poor credit history trying to finance panel vans, car-derived vans and pick-up trucks are now offered a solution by Moneybarn, the UK’s largest non-standard car finance provider, who have branched out with a new product offering finance for light commercial vehicles .

The move into van finance follows reflects feedback indicating a demand in the market for Moneybarn’s approach of responsible lending to non-standard customers.

Shamus Hodgson, Hampshire-based Moneybarn’s commercial director, said: “Moneybarn believes that there is a growing demand from customers who cannot access finance for their light commercial vehicle from mainstream funders.

“We are a business that prides ourselves on being progressive, and this is an exciting chance for us to engage with new customers who are an increasingly important part of the UK economy.”

Finance will be available to self-employed, sole traders and private buyers with non-standard credit history. There will be three- to five-year finance terms available, subject to status, with a minimum loan of £5,000.

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