Car Loans > Q&A > I was made bankrupt in 2009. I need a small loan for a car. Can you help?

I was made bankrupt in 2009. I need a small loan for a car. Can you help?

Hi, I was made bankrupt in Feb 2009 and released in December 2009. I need to get a small loan for a car, about £3,500. I am in full-time, permanent employement and could get a reference from my employer.

Posted by Mike Sebbage on 09/06/2011 @ 16:27

Hi Mike, we have helped many people in your position in the past but it all comes down to the lenders and what they say when they look at your credit profile. I wouldn't worry too much as the bankrupcy was 2 years a go now but it all depends upon how you've run your credit since then. Do you have a deposit as that would help the situation? It's great that you're in full time employment as you'll need to prove your income with payslips. A reference isn't required. Please make an application on our website for guaranteed car finance and we'll see if we can get you approved. If we get you approved we'll have you in a car in no time. Bad credit car finance is only one step away with car finance 247. Kind Regards, Edwin

Posted by Edwin Miles on 07/09/2011 @ 19:10

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Me and my partner were forced to go bankrupt last oct because of bad advice with our finance...however we have still managed to hang on to our car.unfortunately we are going to hand it back to the higher purchase comp as it is far too much now to run as we have both lost our jobs...how can i get cheap car to run around in? thank you

Posted by Natasha on 15/11/2011 @ 10:05

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Hi Natasha, i've got to be really honest with you here. We won't be able to help unfortunately. The only advice i can give you is to save up about £1000 cash and get a good reliable run-around for a year or so in which time you can repair your credit history. Good luck. Kind Regards, Edwin

Posted by Edwin Miles on 15/11/2011 @ 10:08

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Hi - I was made bankrupt due to a business failure in March 2009 but have been ins full time employment ever since. Can I get car finance?

Posted by Ray on 20/01/2012 @ 10:17

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Hi Ray, we'll certainly try and help and we do have lenders that will take on ex bankrupts but the interest rates will be quite high (34.9% approx) as you'll be seen as a higher risk to the lenders. Can you prove your income and are you on the electoral roll at your current address? If so make an application and we'll go from there. It'll also help if you have a deposit of some kind. Thanks, Edwin

Posted by Edwin Miles on 20/01/2012 @ 10:20

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This comment is awaiting moderation.

Posted by Mr Barry on 27/01/2012 @ 20:47