It’s always the way, you discover the perfect training course then see the sum it costs to sign up for it. While HGV training strives to be as affordable as possible, for some it’s simply not possible to hand over a lump sum all in one go. Thankfully though, these days there is HGV training finance available. It works in a similar way as buying something from a catalogue does. Say you’ve seen an awesome flat screen TV that you simply can’t live without… you buy it, but you decide to pay for it in instalments over a number of weeks. That’s just how HGV training finance works. Most people can benefit from it and it means you won’t have to fork out for the cost of training all in one go.
In the past few years, HGV training has increased in popularity. This, coupled with the fact there has been a distinct lack of qualified HGV drivers on the circuit, means it’s a vocation that pays. There are countless opportunities all across the UK for skilled and suitably qualified HGV drivers. Remuneration packages are good, the work is reliable, and you could be based anywhere in the UK. When you consider all of these factors, it’s little wonder more and more people are turning to careers as HGV drivers.
However, if the initial training costs are stopping you from moving forward in your chosen career path, it can be a long wait to get your funds in place. Saving money towards a training course may take a year, and that can feel immensely frustrating. Fortunately though, there are schemes that exist where you can train now and ‘pay later’ over a period of time. You’ll usually pay a small deposit initially and will then pay the rest back, with interest, over an agreed length of time. You’ll usually need to meet a few requirements which are often along the lines of: you’ll need to be over 18, work at least 16 hours or more a week, be a UK resident with a permanent UK address, and be able to supply details of your past addresses for the last three years. You’ll also need to have a good credit report – that means no CCJs, bankruptcies, or IVAs against you.
If you’re not sure how good your credit report looks, before you apply for finance it’s always wise to make sure it’s as ‘clean’ as possible. There are a number of credit report agencies that can often supply your credit report for free (if you take up a free trial and then cancel). Good credit reports will show that you have made up to date payments on things like mortgages, phone contracts and so on.
HGV training finance allows you to move forward with your career even if you haven’t got enough cash in the bank to immediately pay for the full sum of the training course. You’ll pay interest on your payments, but by paying over a longer period of time you won’t feel the pinch of paying a large lump sum at the start.
However, if the initial training costs are stopping you from moving forward in your chosen career path, it can be a long wait to get your funds in place. Saving money towards a training course may take a year, and that can feel immensely frustrating. Fortunately though, there are schemes that exist where you can train now and ‘pay later’ over a period of time. You’ll usually pay a small deposit initially and will then pay the rest back, with interest, over an agreed length of time. You’ll usually need to meet a few requirements which are often along the lines of: you’ll need to be over 18, work at least 16 hours or more a week, be a UK resident with a permanent UK address, and be able to supply details of your past addresses for the last three years. You’ll also need to have a good credit report – that means no CCJs, bankruptcies, or IVAs against you.
If you’re not sure how good your credit report looks, before you apply for finance it’s always wise to make sure it’s as ‘clean’ as possible. There are a number of credit report agencies that can often supply your credit report for free (if you take up a free trial and then cancel). Good credit reports will show that you have made up to date payments on things like mortgages, phone contracts and so on.
HGV training finance allows you to move forward with your career even if you haven’t got enough cash in the bank to immediately pay for the full sum of the training course. You’ll pay interest on your payments, but by paying over a longer period of time you won’t feel the pinch of paying a large lump sum at the start.
