recently I had a car on hire purchase with a balance of £16,000 remaining and wanted to sell it. Therefore, I took out a loan with Tesco for the balance of £16,000 and paid off the remaining finance. Following this I sold the vehicle for £16,000 and paid off the loan right away however now when applying for car finance or loan to purchase another vehicle I am finding it difficult to get accepted anywhere. Is this due to recently taken out alone and therefore the credit agencies are cautious? Is there anything else that I can do?
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