Money Worries? We Can Help!

Things are costing more these days! This is what people mean by the "cost-of-living crisis." It started around 2021 and affects everyone in the country.

Don't struggle alone. We're here to help! You can contact our customer support team either by email at collections@marshfinance.co.uk or by phone at 01706 648882.  

The most important thing you can ensure is that you can afford the car finance agreement on offer. When you choose to refinance, you are committing to a fresh agreement, and although the terms may seem enticing you must ensure the terms are affordable in the long run.  

Want to take charge of your finances? Here are some tips!

Knowledge is power:

• Budgeting: Creating a budget is crucial to understanding where your money goes. Track your income and expenses to identify areas where you can cut back. Many budgeting apps and online tools can help you get started.
• Financial resources: There's a wealth of information available online and at your local library. Look for reputable websites offering financial advice and tips.

Need personalised guidance?

• Contact our team: If you have specific questions or want to discuss your situation in more detail, feel free to contact our friendly customer service team by clicking here. 

Struggling with debt?

• StepChange: We understand that sometimes debt can become overwhelming. If you need professional help managing debt, we recommend contacting StepChange, a free debt charity. They offer confidential advice and support to get you back on track.
  • Phone: 0800 138 1111
  • Website: https://www.stepchange.org/

Considering refinancing or ending your car finance agreement? Here's what you need to know about fees:

• Marsh Finance Early Settlement Fee: There is a one-time £10 fee if you choose to end your existing car finance agreement with us early (settlement).

• Refinancing Fees: If you're considering refinancing your car finance through another lender, fees may vary. These could include settlement fees from your current lender and processing fees from the new lender.

• Do your research: It's important to compare any potential fees associated with refinancing against the potential benefits like lower interest rates.

Yes, we can potentially help! If you're considering financing a new car with Marsh Finance, we may be able to:

• Pay off your existing loan: In some cases, we can include the remaining balance of your existing loan in your new Marsh Finance agreement. This simplifies the process and allows you to manage just one car finance agreement.

Benefits of refinancing with Marsh Finance:

• Potentially lower interest rate: Depending on your creditworthiness and current loan terms, refinancing with Marsh Finance could offer a lower interest rate, saving you money in the long run.
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Here's how to get started:

• Apply for pre-approval: Our quick and easy online application allows you to see if you pre-qualify for financing without affecting your credit score (soft search).
• Discuss your options: Once pre-approved, a Marsh Finance representative can discuss your existing loan and explore if refinancing with us could be beneficial.

Marsh Finance offers tailored support to suit every customer perfectly. We can offer the following support to customers struggling financially: 

Breathing space: We can provide you the time you need to think things through. 

Reduced payment arrangements: We can offer reduced payments for a certain period of time, giving you immediate financial ease. 

Regular engagement: don’t worry about the prospect of fighting your finances alone. We will be in regular contact during your support period to ensure you never feel alone in your challenges.

Refinancing can be a good option if you are struggling to keep up with payments. By refinancing, you can change your agreement to cheaper monthly payments, either by downgrading your vehicle or extending your loan period to ensure you make full repayment. If you are ready to explore your options, click here.

If you apply for refinancing, you will find out if you’re pre-approved on the same day without impacting your credit score. Marsh Finance prides itself on a quick and easy application journey, so apply today and you’ll be on the road in no time. 

When refinancing, you will need to provide all the documents you would provide for an application: 

• Proof of identity 
• Proof of address 
• Proof of income 
• Credit report 
• Vehicle information 
• Possible information on your outstanding agreement 
• Chance for alternative documents depending on the lender in question 

We understand that missing payments can happen. It's crucial to contact Marsh Finance as soon as possible. We can discuss solutions and potentially adjust your payment plan to make it more manageable.

While we can't guarantee deferment, Marsh Finance may be able to offer temporary payment adjustments or solutions based on your specific situation. Please contact us to discuss your options.

If you're struggling to afford your current payments, Marsh Finance can explore various solutions. This may involve discussing options like downgrading your vehicle or selling it. We recommend contacting us as soon as possible to discuss the best course of action for your situation.

Contacting Marsh Finance about financial hardship typically doesn't directly impact your credit score. However, missing payments or defaulting on your loan will negatively affect your credit score.

Open communication with Marsh Finance allows us to potentially find solutions that avoid missed payments.

Depending on your specific car finance agreement, there may be options for voluntary termination. However, early termination usually involves fees. Marsh Finance can explain your options and potential consequences in detail. We recommend exploring solutions like refinancing or payment adjustments before considering returning your car.

We understand job loss can be financially stressful. Contact Marsh Finance immediately. We can discuss options like reviewing your repayment plan, exploring temporary payment adjustments, or potentially refinancing with a lower interest rate to ease the burden.

Marsh Finance offers compassionate support during challenging times. Please contact us as soon as possible. Depending on your situation, we might be able to offer temporary payment adjustments or explore solutions like extending your loan term to make payments more manageable.

Marsh Finance offers condolences during this difficult time. Please contact us directly to discuss the specific circumstances of the agreement. We'll guide you through the necessary steps and available options.