I am contemplating asking my friend to help. Short background - dh and I had a failed business 6 years ago, and we're perhaps also a little frivolous before that - think too much credit card. Resulting in a long time on a repayment arrangement with our creditors, and now a legally binding version of this as we are 2 years into an IVA . We are on the insolvency register but are not bankrupt and for the last 5 years have been managing our finances with no credit and repaying our old debt . Basically , we have learnt our lesson and are now secure and comfortable and on the road to being debt free. This week we realised our old car has reached the point where we need a new one. Because we are on the register we have an extremely low credit score. With our Insolvency Practitoners permission we have a loan offer to buy a new car but it comes with various caveats ie has to be a minimum 4000 pound and the interest rate is 65%. So we pay 10500 back over the term . That is so ridiculous we are really not comfortable with that. The only other choice what I was thinking would be to ask a very good friend who has an excellent credit score to take out a small loan with obviously much better rates (think 6.5%) that we are completely responsible for . They will jit be out of pocket a penny - we know we can afford repayments no problem . We literally just want to use their good credit score. Dh thinks this is a very reasonable favour to ask of someone but I am not so sure. On the one hand, the loan we have been offered is crazy , we do need a car for work and he numbers make sense. On the other hand , is it very cheeky yo ask someone to do that , would it make it difficult between us ? Are we massively unreasonable ? Thoughts would be massively appreciated !