Can I pay monthly for a new boiler with a bad credit history?

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It’s possible, you’ll have to get in touch to find out. The New Boiler Company can perform a soft credit check in some cases for customers who want to pay monthly for a new boiler. Some customers might be able to get boilers on finance with no deposit or interest-free rates.

So get in touch even if you haven’t got perfect credit history. Once we’ve performed the soft credit check we can perform the three-step credit check for a pay monthly new boiler. Read on in order for you to fully understand what types of checks we perform.

New boiler pay monthly with an IVA – Individual Voluntary Arrangement

An IVA is an agreement that is made between you and your creditors (the people you owe money to) to repay any debts you have outstanding in full or in part. The agreement is contractual because it is administered by an insolvency practitioner – usually an accountant. If you default on your IVA it will appear on your credit history for 6 years from the date of the arrangement and even longer if the arrangement lasts for longer than the 6 years.

New boiler pay monthly with a CCJ – County Court Judgement

If you get a CCJ it will remain on the Register of Judgements, Orders and Fines for a minimum of 6 years. In cases like these, it is unlikely that we will be able to provide you with a boiler on a no deposit pay monthly new boiler deal. But it’s always good to get in contact and discuss your individual circumstances.

About the author

Ajvinder Singh

Ajvinder Singh holds a BA in Business and Management from the London School of Economics and Political Science. He is a regular contributor to Earth Easy, Green Prophet, and many other green living blogs. As well as holding fellow membership with the National Inspection Council for Electrical Installation Contracting and being on the Gas Safe Register, he is also a fully qualified Domestic Energy Assessor with Elmhurst Energy.

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