Help & Advice

I have outstanding debts relating to a car loan. Can you help get me car credit?

I currently have outstanding debt relating to a car i owned previously.

Most of my credit issues are now resolved however, can you help get me approved again and get me a new car?

Emz


Answer

Hi Emz, i really appreciate the question and i'm confident we can help as CarFinance 247 specialise in helping people with debts and bad credit.

As you say most of your past issues are now resolved this will go in your favour. As long as you are employed, can prove your income with payslips or bank statements and have a UK licence we should be fine. Would you have a deposit of any description (cash or part ex) as that can help your chances of being approved?

Please make an application when you get chance and once approved we provide a no obligation quote and you can buy a car from any dealer nationwide. Kind Regards, Rachel

Answer correct as of September 2016

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Set your budget

£
4 years

In this illustration your credit score is set to

Best available rate
Total repayment
Total cost of credit

Best available rate

Total repayment

Total cost of credit

We compare products from 18 of the UK's top lenders to get you the best deal.

Representative example. Excellent Credit

Borrowing £7,500 over 48 months with a representative APR of 16.8%, an annual interest rate of 16.8% and a deposit of £0.00, the amount payable would be: £211.25 a month, with a total cost of credit of £2,640 and a total amount payable of £10,140.

CarFinance 247 is a broker and not a lender

More related questions

Hi, I'm on a debt management plan and currently paying off £40k of debt.

I have only just gone onto it in past few months. I need a car for my as I am a "driving instructor". Can you help and if so what's the APR likely to be?

Answer

Hi John, thank you for your question.

The good news is that we do have lenders that help people in debt management plans get car finance. However, due to the large amount outstanding and your past problems you'll be seen as a higher risk than most so the APR will be high. I'd approximate a rate of between 26% to 30% depending upon where we can get you approved.

Please make an application when you get chance and once approved we provide a no obligation quote and you can buy a car from any dealer nationwide. Kind Regards, Rachel

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Rachel Wilson, Underwriting Manager

Set your budget

£
4 years

In this illustration your credit score is set to

Best available rate
Total repayment
Total cost of credit

Best available rate

Total repayment

Total cost of credit

We compare products from 18 of the UK's top lenders to get you the best deal.

Representative example. Excellent Credit

Borrowing £7,500 over 48 months with a representative APR of 16.8%, an annual interest rate of 16.8% and a deposit of £0.00, the amount payable would be: £211.25 a month, with a total cost of credit of £2,640 and a total amount payable of £10,140.

CarFinance 247 is a broker and not a lender