Company Research Report: The Car Loan Centre
Company Overview
- Company Name: The Car Loan Centre
- Mission of the Company: Offering car finance to applicants with bad credit history, focusing on applicants’ affordability instead of their credit scores.
- Founded by: No information is available.
- Key People in the Company: No information is available.
- Headquarters: 77 Wollaston Way, Burnt Mills Industrial Estate, Basildon, Essex, SS13 1DJ
- Number of Employees: No information is available.
- Revenue: No information is available.
- Known For: Specializing in car finance for individuals with bad credit history, focusing on affordability rather than credit scores.
Products
Car Financing Solutions
- Product Description: The Car Loan Centre offers car financing options specifically aimed at individuals who have struggled to obtain car loans elsewhere due to their bad credit history.
- Key Features:
- No Credit Score Dependence: Decisions are made based on affordability, not solely on credit history or scores.
- Comprehensive Review: Individual assessment of each applicant’s financial situation.
- Accessibility: Car loans available even for individuals with CCJs, Defaults, or who have been previously bankrupt, provided they are not currently in the process of bankruptcy.
- Variety of Vehicles: A range of used vehicles available, all coming with MOT, Warranty, and a comprehensive check.
Recent Developments
Administration and Management Changes
- As of February 28, 2024, The Asset Exchange Limited, trading as The Car Loan Centre, was placed into administration. Joint administrators from FRP Advisory Trading Limited have been appointed.
- Effective from January 17, 2025, Marsh FM LLP is appointed to handle customer accounts.
Partnership and Account Management
- New Partnership: Marsh FM LLP has been appointed to manage customer accounts starting January 17, 2025. Customers are advised that their repayments and obligations under existing Hire Purchase Agreements remain unchanged.
Platforms and Communication
- The company maintains active communication channels through its website, email, and phone, with Marsh FM LLP handling account inquiries and complaints moving forward.
No information is available on new product launches, development of new product features beyond existing offerings, or additional partnerships beyond those mentioned.
