Hi Andy,I am registered as a sole trader and am just starting up on my own.Have just been informed that i need to be in business for two years and provide accounts before anyone will consider me for a finance lease deal.Is this correct and if so is there another way round it? Thanking you. Tommy Milligan.
Our expert Gary answered...
Hi Tony and thanks for the question. The information you have been giving is NOT correct. As a sole trader you are in fact trading as a self employed individual, so Tommy Milligan Trading As etc. As such any credit application would be based on your own personal credit score. So if you're own credit history is ok then we should not have a problem setting up a lease for you and your business . I hope that helps. If you need any more advice or would like to talk through your options with one of the guys please feel free to call . In the meantime good luck with the new venture Regards Andy Alderson