Car Loans > Q&A > I have a balloon payment on my car of £5500. Can you finance this? My credit rating is Poor

I have a balloon payment on my car of £5500. Can you finance this? My credit rating is Poor

Hi. I have a balloon payment on my car (£5 500). Do you provide finance for this? My credit rating is poor. Or if not, can I still apply for car finance? If so, what is your acceptance rate?

Posted by Wendy Ely on 26/07/2011 @ 13:50

Hi Wendy, You've come to the right place. We can't finance your baloon payment but as we specialise in providing bad credit car finance i'm confident we can get you into a new car. Car finance 247 specialise in helping people with poor credit histories and our acceptance rate is very high. So please apply and we'll see what we can sort out. If you can't afford to refinance the baloon payment then i suggest selling your other car. Kind Regards, Edwin

Posted by Edwin Miles on 26/08/2011 @ 12:52

13 people like this

Hi, I'm looking to buy a car for around £5500-6500. I have £3000 deposit to put down (So borrowing around £3k). Would I be able to get finance? I would like it over 12 months. I have a poor credit history according to my report, but no CCJs, not bankrupt or IVAs. I also have a mortgage. Look forward to hearing from you.

Posted by Tesh Pate on 29/10/2011 @ 13:25

190 people like this

Hi Tesh, with a large deposit like you have it increases your chances dramatically as poor credit car finance lenders like to see a deposit from the customer. Here at carfinance247 we help people with credit issues and we have many lenders on our panel. Please make an application and we'll see what we can do for you. Edwin

Posted by Edwin Miles on 29/10/2011 @ 13:27

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This comment is awaiting moderation.

Posted by Michael Murray on 10/03/2012 @ 22:06