Go Car Credit is a car loan company that provides financial aid to people who need loans for buying vehicles However, there are mixed reviews of the company, with many highlighting poor customer service, high interest rates, and hidden charges In this article, we will explore both the positive and negative aspects of Go Car Credit to help you make an informed decision.
Go Car Credit is a UK-based company that lends to people with poor credit histories They offer car loans ranging from £3,000 to £10,000 over terms of 3 to 5 years One of the main advantages of Go Car Credit is the fact that they are willing to lend to people who would otherwise struggle to get loans from traditional financial institutions They also provide affordability checks that help customers understand what they can realistically afford to pay back.
However, despite these positives, there are many negative reviews of Go Car Credit online One of the most common complaints is about their customer service Many customers have reported long waiting times on the phone, unhelpful staff, and difficulties in resolving issues Some reviews suggest that the staff can be rude and unprofessional, making the customer experience a negative one.
Another major issue is the high interest rates charged by Go Car Credit Customers with bad credit histories are already at a disadvantage when it comes to loans, but the interest rates charged by Go Car Credit can be particularly high Some customers have reported interest rates of up to 49.7%, which is significantly higher than the rates offered by other lenders This can make the overall cost of the loan far higher than originally anticipated and can lead to financial difficulties for customers who are already struggling financially.
A third criticism of Go Car Credit is the hidden charges that some customers have experienced Some have reported being charged for extras such as extended warranties and GAP insurance, without being properly informed of these charges beforehand This has led to some customers feeling misled and confused about the total cost of the loan.
Despite these issues, it is important to note that there are also positive reviews of Go Car Credit Go Car Credit bad reviews. Many customers have praised the company for providing loans to those who would otherwise be unable to get financing for a car Some customers report a positive experience, with helpful staff and efficient service It is worth mentioning that every experience with the company is unique as the company might be great for someone but not for others.
So, what should you consider before taking out a loan with Go Car Credit? Firstly, it is important to understand the overall cost of the loan, including any hidden charges This can be difficult, as some customers have reported not being properly informed about additional charges Make sure to read all terms and agreements carefully before committing to anything Secondly, carefully consider whether you can realistically afford the loan Interest rates can be high, so make sure to calculate the total cost of the loan and compare it with other options before signing any contracts.
Finally, it is important to consider customer service when taking out a loan If you have any issues or problems, you want to be confident that you will be able to speak to someone who can help you quickly and efficiently Unfortunately, many reviews suggest that Go Car Credit’s customer service is lacking, so it is worth bearing this in mind before making a decision.
In conclusion, Go Car Credit is a specialist car loan company that provides financing for those with poor credit histories While there are positive aspects to the company’s approach, many negative reviews are highlighting concerns about customer service, high interest rates and hidden charges If you are considering a loan with Go Car Credit, make sure to carefully consider all options, read all terms and conditions, and ensure that you can afford the repayments before committing to anything Remember, there are many other loan companies out there, so shop around before settling on one.