Leading Software company in London. http://www.iqfinance.co.uk/

2. It's estimated as many as 2.5 million people are out of work in the UK. The
latest figures from the Office for National Statistics paint a grim picture of the
UK job market. The reality is many of these people are unable to find work at
a location that's easily accessible via public transport which could prevent
them from being able to attend interviews and ultimately secure a job that
meets their skill set and salary expectations.
If you're unemployed and hold a full driving license but don't have a car there
may be a solution in the form of unemployed car finance, the fact that you
don't currently hold a job shouldn't be a game stopper. There's a common
assumption that car finance is only available to those in full-time employment
with a good credit history, this couldn't be further from reality.

4. 2012 saw American car dealerships report an 18% surge in sub prime car loans and
the trend looks set to continue in the UK with reports already suggesting the UK's sub
prime sector is experiencing considerable growth. As more companies target the
sector it creates a more competitive market place which ultimately leads to better
deals for consumers along with less stringent approval criteria.
In order to gain approval for unemployed car finance you'll need to have some form
of provable income. If you're unemployed this could come in the form of Job Seekers
allowance. If your period of unemployment lasts for over 6 weeks you'll most likely be
eligible to apply for the Government's job seekers allowance which, if your claim is
approved and provided you stick to your job seekers agreement, will give you a
guaranteed weekly income until you find employment. As part of your job seekers
agreement you'll be expected to commute up to 90 miles for work so access to a car
becomes even more important.

6. With this in mind and as long as you can prove that you have the disposable income needed to
repay your car finance, chances are you'll qualify for sub prime car finance.
You should bare in mind that most lenders will still only lend you money if you have a
guarantor who's in full-time employment. Your guarantor could be a friend or family member
who's prepared to vouch for you and who will, if you default on payments be liable for any
outstanding balance.
Before applying for unemployed car finance you'd be wise to register yourself on the electoral
role as this will bolster your chances of approval. You should also avoid making multiple
applications with different company's within a short period of time as multiple refusals can
negatively impact your credit rating. It's also worth baring in mind that your previous financial
history will be taken in to account during the decision making process. You can check your
electoral status and view your credit profile for free on creditexpert.com.