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I have a poor credit rating. Can i get bad credit car finance?

Hi, I have a poor credit rating due to past issues which have now been resolved. I am only looking for a smallish loan (I have seen one of your cars at £3995) and I would have a £500 deposit to put down. I have applied for finance, how long does it take to come through ? Also what sort of rates of APR do you have for poor credit? I am trying to decide whether to go ahead with loan if approved or simply save up the cash, sell my car and buy with cash after Xmas. Kind regards

Posted by Melanie on 06/09/2011 @ 13:47

Hi Melanie, thank you for the detailed question. In short i'm confident we can get you approved as we have many lenders that help people that have had credit problems in the past. In fact we're specialists in obtaining bad credit car loans through our panel of lenders. The fact that you have a £500 deposit is also a big help and getting you £3500 won't be an issue. What type of car is it that you're after? The rates on the finance will obviously be higher than what you'll see on the high streets as you will be seen as a higher risk unfortunately. For poor credit car finance you should expect to pay between 12% and 20% APR. When you say your past issues have now been resolved can you elaborate on that statement please? Kind Regards, Louis

Posted by Edwin Miles on 06/09/2011 @ 15:10

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Hi, what I mean by my situation was caused by a past issue - I worked for the National Trust about 5 years ago and was on a very low wage (I took a paycut of about £5k to go into the heritage industry), I then got into issues and missed payments on a previous loan with Cahoot and I did have defaults. Via a company called Byrom and Keeling a payment plan was arranged. However I have since gone back to working in the insurance industry and earn nearly £10k more than I did then, arranged to pay Cahoot and other smaller store cards back directly rather than through Byrom and Keeling (as they were taking 10%) and I now only have Cahoot (which is £2600 total to pay off including interest) and HSBC which is £2000 and a New look store card which has about £150 owed. I do not have a credit card or any other finance or HP owing.

Posted by Melanie on 06/09/2011 @ 15:17

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Hi Melanie, thanks for your feedback. I totally understand your position and as your defaults are less than £5k each i'm still confident we can help. Have you made a car loan application with us yet? Obviously i can't guarantee anything but we'll try our best. Kind Regards, Edwin

Posted by Edwin Miles on 06/09/2011 @ 15:34

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Hi, I went bankrupt over 2 years ago (june 09) and was given an early discharge Aug 10). I am gradually rebuilding my credit again. would i be able to get a car on finance now please?

Posted by Lee on 09/09/2011 @ 18:38

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Hi Lee, there is a possibility of obtaining bad credit car finance for you but the only way to find out is to apply so that we can asses your credit profile. To strengthen the car finance application do you have anyone who can act as a guarantor or joint hirer who has a good credit history? Kind Regards, Edwin

Posted by Edwin Miles on 12/09/2011 @ 09:23

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hi.. because of mistakes in the past with my credit... ....i have just checked my credit rating and its rather poor...however no ccjs or ivas and nto bankrupt and most of them have been settled except one which i didnt know about.....so i was wondering if i could still get the credit for a new car...as now im working and i think this may be a way for me to be build on my credit score......i'm looking to borrow 8k for a new model astra 1.4

Posted by Rajdeep on 26/09/2011 @ 18:40

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Hi Rajdeep, from what you've said i think we can help. It's great to see your old credit accounts now settled and it's also good that you're not bankrupt or in an IVA. Please make an application for poor credit car loans and we'll see if we can get you approved. Kind Regards, Edwin

Posted by Edwin Miles on 26/09/2011 @ 18:43

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iv also noticed that you dont have the model i am after in the car...would you still be able to get what i want if im able to get the full loan ?

Posted by Rajdeep on 27/09/2011 @ 15:33

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Hi Rajdeep, yes - we can get any car you want as long as you can show you can afford the car. Have you applied for poor credit car finance on our website?

Posted by Edwin Miles on 27/09/2011 @ 16:44

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Good Morning I have been thinking over the fact to get a new car and the only option would be a car on finance, but i have a very bad credit rating although i have a mortgage. I have had a car finance in the past with welcome finance and paid it off., in 2007, but reconsidering it although not sure because of my rating and do not really want any footprints on my record if i was to be turned down. please could you help.

Posted by Tammy on 06/10/2011 @ 10:41

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Hi Tammy, the only way to find out is to make an application for poor credit car finance with us and we'll see what we can do. We do have quite a few lenders who help people in your situation but the APR's are higher than you see on the high street as you're seen as a bigger risk. We will try our best to get you approved though. Kind Regards, Edwin

Posted by Edwin Miles on 06/10/2011 @ 11:32

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hi, i am 19 years of age and i have recently had to get rid of my car because it broke and havent got the money up front for a car that is why i am wanting to get one on finance but have applied for finance but cant get one. i just wanted to know if you could help. Thanks

Posted by Kimberley on 06/10/2011 @ 17:14

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Hi Kimberley, if you don't have any credit history it may be best to apply with a guarantor (such as your mum or dad - have you asked them to help?). The thing is car finance lenders like to see some credit history on your profile and they like to be able to trace you so that's why it's so important to be on the electoral roll. Are you on the electoral roll? If you don't know ask your parents if you still live at home. If you don't have any credit at all it doesn't mean you have bad credit or a poor credit rating it just means you need to get your foot on the ladder and start getting a little bit of credit and build your profile up that way. I hope this helps and like i said make an application with a guarantor and hopefully we'll be able to get you into a car. Kind Regards, Edwin

Posted by Edwin Miles on 06/10/2011 @ 17:21

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I have a deposit of £3500 may be a bit more and a car is £6000. Would this help with bad credit? I have defults but no ccjs or bankrupcy.

Posted by Lee on 10/10/2011 @ 09:42

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Hi Lee, a deposit would certainly help as we have a number of bad credit car finance lenders who need to see commitment from customers in the form of a deposit. I can't give you a definite answer as to whether we can get you accepted or not until we see your credit profile so please make a car finance application with us asap. Kind Regards, Edwin

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

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I have a bad credit rating and was wondering how much of a deposit i would need for a loan

Posted by Steven on 10/10/2011 @ 13:42

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Hi i am only 21 years old and want a car on finance. I applied for car credit and was declined and as my address is blacklisted through my parents history i cannot get anyone to be a guarantor. I checked my credit score and its only one star. I have a large overdraft of £2000 but do not owe any money to anyone apart from that overdraft. I also have one default on my credit report due to an overdraft with another bank which was only £100 and i didnt know i was over it for months. I work part time and earn around £650 a month plus £400 a month from my university. I want to borrow £6000 is there a chance i could get it?

Posted by Callum on 15/10/2011 @ 16:47

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Hi Stevan, for a poor credit car loan you'd need approx 15% deposit for us to be able to help. Is thi spossible? Kind Regards, Edwin

Posted by Edwin Miles on 17/10/2011 @ 09:52

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Hi Callum, there is a possibility that we could help. It all depends upon whether any of our bad credit car finance lenders want to take a risk on you. We won't know until you make an application and we can see your credit profile. Do you have a deposit as this can sometimes help and are you currently on the electoral roll? Kind Regards, Ediwn

Posted by Edwin Miles on 17/10/2011 @ 09:55

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I have poor credit will i still be able to apply for a loan from your company?

Posted by Sonya on 27/10/2011 @ 08:03

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Hi Sonya, yes - here at carfinance247 we specialise in helping people with poor credit. I can't guarantee we'll be able to get you accepted but we have the largest panel of lenders in the market so we have a good chance. Please make a poor credit car finance application. Edwin

Posted by Edwin Miles on 27/10/2011 @ 08:05

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hi, i've got a really bad credit, been on debt management plan, been on an IVA and now currently on a personal bankruptcy, but i recently had an accident and my car has been written off, i've been paid some money and have raised a total sum of 7000, but the car i want cost 10000, because it's reliable and i dont want to have to worry about a a car for a long time, with the amout of deposit i have will have towards me getting a loan.

Posted by Law on 01/11/2011 @ 02:19

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Hi Mr/Mrs Law, if i'm honest given your current circumstances we wouldn't be able to offer you bad credit car finance. I'd suggest to get a car with the £7k you have rather than borrowing more money. Kind Regards, Edwin

Posted by Edwin Miles on 01/11/2011 @ 10:23

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Hi I got a credit score of 350 and dont have any debts. Do you think you could still help?

Posted by Dave on 02/11/2011 @ 21:42

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Hi there, I wonder if you can help. I have a bad credit history due to being made redundant and falling into debt as a result, and also because I am a private tenant who, through no fault of my own, has had to move house a lot in the last few years. I am trying to arrange car credit as I am now working full time and in a stable job with a good income, but my car is on its way out. I wondered if there is any way I could get assistance with car finance if I was able to provide a guarantor? I hope you can help. Kind regards, Charlotte

Posted by Charlotte Webster on 05/11/2011 @ 12:23

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Hi Dave, your credit score does seem quite low considering you don;t have any debts. Have you had any missed payments recently? Are you on the electoral roll? Please make an application as we specialise in obtaining car finance for people with poor credit scores. Regards, Edwin

Posted by Edwin Miles on 05/11/2011 @ 12:25

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Hi Charlotte, thanks for your great question. We will certainly try and help you out and the good news is that we can take your old car off you as full deposit if we can get you approved. Are you on the electoral roll at your current address? If so, please place that address on the main application and also list all of your other addresses on the application form. We also help people with a blemished past so don't worry - you're not the only one in your situation. If you do have someone else in mind as a joint hirer and they have good credit then please place them on the application also but get their permission first. Good luck. Kind Regards, Edwin

Posted by Edwin Miles on 05/11/2011 @ 12:29

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hi i have a poor credit rating and have a few defaulted bills i have already paid two off and outstanding is under 500 pounds can i still get car finance with youreselves my credit rating is a one star.

Posted by Scott on 27/11/2011 @ 21:58

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Hi Scott, please make an application for bad credit car finance and we'll see what we can do. We have to see your credit report before we can make a decision. Kind Regards, Edwin

Posted by Edwin Miles on 28/11/2011 @ 09:35

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My Credit score with equifax is POOR despite my financial affairs being in order. My Experian is Fair/Good. Do you have a lender that only uses Experian? I hear Black Horse may be an option?

Posted by Jamie on 17/12/2011 @ 12:59

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Hi, I have a bad credit rating due to seperation. I need a car to take my kids to childcare while I am at work. Please can you help?

Posted by Tracy Mccartney on 29/12/2011 @ 12:11

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Hi Jamie, some lenders use Equifax and some use Experian so we should be able to get you sorted with car finance even though you have a poor credit history. We deal direct with Black Horse also so if we can get you approved with them we will. Please make an application and we'll see what we can sort out quickly.

Posted by Edwin Miles on 29/12/2011 @ 12:13

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Hi Tracey, we'll certainly try and help you out. When you say your credit is bad - how bad is it? We do have access to lenders that help people with adverse credit history but they can't help everyone. The good thing is that it sounds like you're in work and have a steady income which is great. Are you in an IVA or bankrupcy? If you have CCJ's how much are they for?

Posted by Edwin Miles on 29/12/2011 @ 12:15

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Hi there just a quick question, I don't have any ccj's I have a debt with a credit card for about £2019 which im in the process of clearing up. I am just after a motor costing about £2500 and I have a full time job approximately what type oy monthly installments would I be looking at?

Posted by John on 12/01/2012 @ 15:35

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Hi John, your monthly payments would all depend upon how long you want the £2500 over? 36 or 48 months maximum id suggest. £2500 over 36 months with fair credit works out at £89 per month - with poor credit it works out at £104 per month.

Posted by Edwin Miles on 12/01/2012 @ 17:15

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i have very very POOR credit, this is due to me having a kid young and not being in work for a few years so i relied on credit, i have moved a few times, i am on the electrol register at my current address and i am also in work , i do have a car at the minute which is about to die, i made an application i just wanted to find out how do you make decisions on applications, and do i stand a chance, i just need someone to beleive in me right now as i am in such a better postion now

Posted by Tanya on 12/01/2012 @ 20:55

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Hi Tanya, we've sent your application to Approved Car Finance. Hopefully they can get you approved as unfortunately we'ne not been able to get you accepted at one of our panel of lenders. I'm keeping my figers crossed for yo. Thank you, Edwin

Posted by Edwin Miles on 13/01/2012 @ 08:33

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Hi my rating is currently 658 I have two defaults both about 500 pounds are my chances of being accepted finance from low ?? I am looking at going through fiat , or is the bigger the company the harder finance being accepted ??

Posted by Arran on 18/01/2012 @ 17:13

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Hi Arran, your credit score doesn't seem to bad but if we get you approved you'll be looking to pay aroud 19.9% APR which isn't the best on the market but by no means is it the worst. As your defaults are small i think we have a good chance of getting you accepted for poor credit car finance as long as you have a full uk drivers licence, a UK bank account, proof of address and a proof of income (payslip). Thanks Edwin

Posted by Edwin Miles on 18/01/2012 @ 17:24

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Hi, I have a credit score of 691 and a default on my account for under £500. I have a loan on going but it's all up to date and I have about £3000 left to pay. I am not on the electoral role but can provide proof of address and can provide bank statements and wage slips to prove full time emplymont. I've been denied car finance and I know my credit score is poor but do I have a chance of obtaining finance with yourselves even tho I'm not on the electoral role?

Posted by Ash on 25/01/2012 @ 16:46

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Hi Ash, you're ticking most boxes with what you say and a credit score of 691 is very fair. I'm confident we can get you accepted even though you're not on the electoral roll. Please make an application and fingers crossed we can gte you approved. What amount are you after and do you have a deposit? Kind Regards, Edwin

Posted by Edwin Miles on 25/01/2012 @ 16:55

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Hi Edwin, thanks for getting back, I'm unsure of the exact amount I'm looking for, I've been looking on your web site at the golfs and fiat puntos so I'll be looking at around £7000 or between £100 and £200 a month repayments. I only have about £400 deposit also at the moment. Could this be a problem?

Posted by Ash on 25/01/2012 @ 17:10

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Hi Ash, the deposit won't be an issue. The first step is to get approved so i'll look out for your application.

Posted by Edwin Miles on 25/01/2012 @ 17:13

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Thanks Edwin, I'll try my luck with the application.

Posted by Ash on 25/01/2012 @ 17:16

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Hi,I am working full time and have poor credit rating and my wife also working full time and have good credit rating,Are we eligible for a car loan with low rate interest?Thnx

Posted by Sunny on 01/02/2012 @ 10:00

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Hi Sunny, thank you for your question. To get a low APR the best thing to do is just get your wife to apply for the car finance as you say she has good credit. As you have poor credit it wouldn't benefit you to add yourself onto the application. Does your wife have a full UK driving licence and can she prove her income with payslips etc? Kind Regards, Edwin

Posted by Edwin Miles on 01/02/2012 @ 10:02

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Hi Miles,Thank you for your reply.Yes she can prove it with all documented proof and also she have full uk license.

Posted by Sunny on 01/02/2012 @ 11:02

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Thanks Sunny, please get your wife to apply for the car finance as long as you have her eprmission. Thank you

Posted by Edwin Miles on 01/02/2012 @ 11:09

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hi there, i have applied to a fair few car finance companys and been declined but now i have a £2000 deposit and am looking for a car in the £6000 mark. Do you think that would help? i have no ccjs but 6 defaults all under £500. cheers

Posted by Warren Jackson on 09/02/2012 @ 19:54

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Hi Warren We can't promise anything but as your default arrears are under £5000 there is a chance we may be able to get you approved for poor credit car finance. Please make an application and i'll look out for it. Where have you applied before asking this question? Thanks, Edwin

Posted by Edwin Miles on 09/02/2012 @ 20:01

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We would like to purchase a a motorhome for about £15000. We have a £5000 deposit and our credit score is approx 680. We had some late payments a couple of years ago. Should we wait to get our score up a bit more?

Posted by Terry on 25/04/2012 @ 20:54

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Hi Terry, as you have a large deposit we should be able to get you approved and if i'm honest your credit score isn't the lowest i've see by a long way however, if you apply now and are approved you will be expected to pay a higher rate of interest than those that you see on the high street. You'd be looking at 14%-15%. Would you be applying for finance on your own or with your partner/family member? Regards, Edwin

Posted by Edwin Miles on 26/04/2012 @ 09:31

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I'm posting on behalf of a friend, she's had a ccj in the past and paid it off 1-2 years ago, she does have a sim only mobile phone and various other direct debts coming from her account and was wondering if she would qualify for car finance?

Posted by Sam on 01/05/2012 @ 01:05

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Hi Sam, as long as your friends current credit is up to date then we should be able to help her. How much was her CCJ for and was it on a car or some other form of credit? Regards, Edwin

Posted by Edwin Miles on 01/05/2012 @ 09:41

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Hi, i'm 20 years of age and have had money troubles in the past which is currently being paid off. I have around £3500 left to pay off and i have no ccj's or iva's, maybe a few defaults but nothing else. I would be able to put a £500 deposit on a car. What are my chances of obtaining car finance for £8000? My credit score is around 500.

Posted by Dan on 09/05/2012 @ 20:27

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Hi Dan, the maximum we'd be able to lend you if we can get you approved is £5000. Are you on the electoral roll and do you have a full UK driving licence?

Posted by Edwin Miles on 09/05/2012 @ 20:54

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Hi, I'm wondering if you can help. I'm 21 and have got a very bad credit history due to being a single parent and myself and my son were ill when I had him. As both of us had health problems this lead to me falling behind on a few bills like council tax as I was out of work etc. I'm now working part time for an insurance company earning a good wage and also pay my rent and other bills on time. I have never once been late to pay it. I'm just about to sit my test and I'm needing a reliable car as It would be used to take my son to nursery. Would I be able to get finance do you think?

Posted by Gillian on 10/06/2012 @ 13:25

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Hi Gillian, we'd love to help you and your son out. All i'd advise though is to pass your driving test before applying for car finance as most lenders will need to see proof of your driving licence before funding the deal. If all your current credit accounts are up to date then there's no reason why we shouldn't be able to get you approved. Do you have a deposit or part exchange to place into the deal as this would also improve your chances of getting accepted? Lastly, are you on the electoral roll at your current address and is this where all your current credit is registered? Things like rent, council tax and insurance don't appear on your credit profile so do you have any loans, credit cards, store cards or contract mobile phones in your name? Kind regards, Edwin

Posted by Edwin Miles on 11/06/2012 @ 09:32

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Hi Edwin, thanks for replying. I have one credit card with my bank who I've been with for about 10 years and have never missed a payment or been late either. I'm not on the voters role at my address but I'm definitely going to do that. I don't have any loans as I've never taken one out in my life. I do have an outstanding bill for a catalogue order but I've set up a direct debit monthly to pay it, but it's only for like £100 so not a huge amount. Could this effect my chances by much?

Posted by Gillian on 11/06/2012 @ 12:43

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Hi Gillian, again thank you for the response and it's great news that you have a credit card and a catalogue order as this information will be displayed on your credit report. As long as you pass your test and get on the electoral roll i'm very confident that we'll be able to get you approved. Regards, Edwin

Posted by Edwin Miles on 11/06/2012 @ 12:47

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Hi, I am 19 years old, 20 next month and earn £22k a year. I have a superb credit rating and have never missed a payment. I have a phone contract and catalogue order with a limit that as been increased to £800. I also don't owe a penny on it. Would I be accepted on a £10k loan?

Posted by Jessie Bailey on 12/06/2012 @ 13:55

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HI Jessie, thank you for you question and for joining our Q&A. As long as you're on the electoral roll, have a full UK driving licence and can place a deposit of approx £1500 into the deal we should be able to get you approved for the £10,000. However, i can't guarantee this due to you age as it's a big risk for a lender to take. Have you had any substantial loans before? Kind Regards, Edwin

Posted by Edwin Miles on 12/06/2012 @ 15:19

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No, I have never had any loans or credit cards. The only credit I have had is from a catalogue which I have bought a lot on and always paid back. I have been in employment for 2 years. I have no gaps of unemployment. I can get together a deposit of £1500. Is there anything more I can do to help me get the loan? Thanks

Posted by Jessie Bailey on 13/06/2012 @ 11:55

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Hi Jessie, there is a chance we can get you the £8500 required as long as you have the £1500 deposit. Please apply and i'll get our manager to look at your application. I'm confident we'll get you approved. Regards, Edwin

Posted by Edwin Miles on 13/06/2012 @ 12:35

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I agree with everything you've said here Edwin. You've helped me out a great deal reading this. Thanks thankyou

Posted by Nick on 28/06/2012 @ 08:27

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No problem Nick. Any time!

Posted by Edwin Miles on 29/06/2012 @ 21:27

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My credit score is 530, working full time with some bad credit. Would i be likely to be approved for credit for a small car?

Posted by Ali on 12/07/2012 @ 20:08

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Hi Ali, thank you for your question. We'll certainly try and help get you approved. If you have a full UK licence, are on the electoral roll, have a cash deposit or part exchange and can prove your income then please apply when you can. Kind Regards, Edwin

Posted by Edwin Miles on 12/07/2012 @ 21:07

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how do you no if you have bad credit history? And if i do have bad credit how do i get good credit?

Posted by Shayzul on 13/07/2012 @ 16:21

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Hi Shayzul, to check your credit history log on to "Credit Expert". If you have bad credit you need to build up your profile by making sure you pay all of your monthly payments on time :-) Also being on the electoral roll helps. Regards, Edwin

Posted by Edwin Miles on 13/07/2012 @ 16:55

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Hi Edwin, I just came across this forum. I have got a score of 672 on experian - I joined today. I've never missed a payment, I have 2 phone contracts and £91000 owing on my mortgage. On the report it says the negative factors are that I have got a few credit and bank accounts. My credit card has a limit of £1700 and another of £800 and I've never made a late payment ever! I've got a bank account with an overdraft of £2500 and I never missed my mortgage payment either. So my score came as poor on 672 but thats because I got a lot of credit out & I'm 25 !! I want to know if I will be accepted on car finance pcp for Audi RS3! I don't want to go and have any more credit searches done until I'm sure i'll get the credit. Now I have money for deposit and will put upto £5000 if I have to. What are my chances? My wages around £27k a year. Thanks Zeb

Posted by Zeb on 01/08/2012 @ 20:54

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Hi Zeb, are you on the electoral roll? If so we'll be able to help you with no problems as you have clean credit and a large deposit. There won't be any issues in getting you approved (i don't think) as long as you have a full UK licence and have all your current credit registered at your current address. Kind Regards, Edwin

Posted by Edwin Miles on 02/08/2012 @ 10:01

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Yes Edwin i'm on the electoral role, and yes all my bank accounts are on one address. So you think i stand a great chance of getting the large finance on the car with £3k deposit? What do i do next? Who can i ring to talk about the finance on the Audi rs3 and what bank or lender do you use? regards

Posted by Zeb on 02/08/2012 @ 16:53

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Hi Zeb, please call and ask for Alex Hurst (our manager) tomorrow. The number to call is 0800 019 7180. Regards, Edwin

Posted by Edwin Miles on 02/08/2012 @ 18:54

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Hi there, I have a bad credit history score of about 550. I've seen a car I like and I was wondering if I can get car loan. I've got a credit card to rebuild my credit history and a mobile phone?

Posted by Aurangzeb on 03/09/2012 @ 22:24

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Hi Aurangzeb, we will certainly try and help you get approved and the fact that you have a mobile phone and a small credit card to rebuild your credit history is fantastic news. Your credit score isn't the worst i've seen so please apply when you get 5 minutes. Regards, Edwin

Posted by Edwin Miles on 04/09/2012 @ 14:50

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Hi there, I'm currently looking for a car on finance . I've got a bad credit rating (I think) as when I was younger I didn't realise the value of money. I've just finished paying for my last car on finance - 6 long years but worth it. I was wondering if I could get a bad credit finance and if it looked good on my application that I've had and paid for a car already on finance with no problems

Posted by William on 09/09/2012 @ 20:54

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Hi William, we should be able to help if you've now paid one car finance agreement in full. Will you be using your current car as a part exchange / deposit? If so, what is it worth? Please apply when you get 5 minutes and we'll aim to get you into a new car this week. Edwin

Posted by Edwin Miles on 10/09/2012 @ 09:49

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Hi there, I don't think i'll be part exchanging as my car is not working at the moment. I'll have about £500 for a deposit though. This really is my final option as I have been declined everywhere else

Posted by William on 10/09/2012 @ 17:56

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Hi William, i understand and that's good news you have a £500 deposit. Where else have you applied and been declined?

Posted by Edwin Miles on 10/09/2012 @ 17:58

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I have just been refused fiance from Citroen & not sure why as i only have a credit card and never missed a payment so unsure why and they don't give further details. My guess is that i'm not on the electrol roll. Would this be a problem for you guys at all? I also have a deposit that i can pay.

Posted by Leanne Chater on 24/09/2012 @ 06:11

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Hi Leanne, getting yourself on the electoral roll would certainly help improve your chances of being approved. Where is your credit card registered too - which address? We could still help get you finance though so please apply when you're ready.

Posted by Edwin Miles on 24/09/2012 @ 10:14

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Hi, I have a poor score of around 460, am on electrol role, lived at current address for 6 years. I have a deposit of £500.00 and am looking to loan about £4500.00 but don't want to waste my time, do you think you can help? Cheers

Posted by Tasha on 16/10/2012 @ 21:57

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Hi Tasha, as you have a stable address history (of which i assume you're on the voters roll) and you have a decent deposit i'm confident that we could help. Please apply when you get 3 minutes. Kind Regards, Edwin

Posted by Edwin Miles on 18/10/2012 @ 14:10

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Thanks edwin, yes been on voters roll from 2006/2007. I do have a few defaults but only for a few hundred and one is being paid off this week. Would you be able to look into it for me? Cheers

Posted by Tasha on 18/10/2012 @ 14:20

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Hi Tasha, yes - please apply and let me know the reference number :-)

Posted by Edwin Miles on 18/10/2012 @ 14:23

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Hi, I have a fair rating (828) on Experian. This includes a credit card default (£8500) in 2008 paid off in April 2011, 7 late payments in the last year and total debt of around £13500. I'm looking at a car for around £8000 and I have a deposit of £2000. Will I be able to get credit and at what sort of rate? Thanks, David

Posted by David Watkins on 30/11/2012 @ 16:13

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Hi David, as you have a £2000 deposit i'm sure we can get the £6000 that you require. As you have a poor recent credit history i'd expect the rate you receive to be between 14% and 18%. Kind Regards, Edwin

Posted by Edwin Miles on 03/12/2012 @ 09:51

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I am looking to buy a car , for about £2000. However I have problems with x wife's creit cards under my name, which I am having to pay off. I am in a debt management scheme . I am joint owner of a property worth appro £180000 with a mortgage of only £18000 .i am in ull time employment

Posted by Ian on 11/12/2012 @ 21:42

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Hi Ian Here at carfinance247 we deal with the majority of lenders on the market, some of which will lend to people in a debt managements scheme. There is a chance that you may require some form of deposit. It is definitely worth putting an application in so we can see how we can help. – Edwin :)

Posted by Edwin Miles on 12/12/2012 @ 09:24

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Hi,I have a poor credit rating because I defaulted on a credit card when I lost my job 8 years ago. I am working full time again and want to borrow £3000 to buy a car. My girlfriend has good credit score but got turned down for a loan. Is this because she only works part time or because I live at the same address? Is there anywhere will lend without paying high interest?

Posted by Anon on 16/01/2013 @ 08:49

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Hi Anon, Here at CF247 we do work with most of the lenders currently on the market and do manage to secure the majority of our customers an approval including those who have experienced credit issues. The main thing our lenders will look for is that you are trying to improve your credit score. It is possible that your girlfriend was refused credit due to being part time as only a small number of lenders will consider such customers. May I advise that you put an application through in both your names. We can then combine your girlfriends good credit and your full time employment. Our underwriters can then assess what the best option for you would be. With regards to interest rates it is hard to say without seeing an application and it will depend upon which finance company we can get you approved with. However usually with our sub-prime customers such as yourself you would be looking at paying anything from 10-30% flat rate. The APR will depend on the length of the agreement. I hope this helps. Edwin

Posted by Edwin Miles on 16/01/2013 @ 09:19

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Hi I have one CCj and several defaults on my credit which I'm currently paying back I earn between £1000-£1500 a month. I have a credit score of 445 do you think you could help me out with finance?

Posted by Kel on 23/01/2013 @ 09:30

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Hi Kel. The good news is we should be able to help you. We would need to have a closer look at an application so we can have a closer look at your credit and assess which would be the best lender for you. The most important thing is that you are showing intent to improve your credit profile by reducing your ccjs/ defaults. It will help if you are registered on the electoral roll at your current address. Thanks, Edwin

Posted by Edwin Miles on 23/01/2013 @ 09:33

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Hi Edwin I need car finance for up to approx 10k ... I have £1500 to put down as a deposit ! I have poor credit due to missed phone bill direct debits an other direct debits ... Just mainly paid late ! I have no ccjs or defaults though ! Any help at all ?

Posted by Steven on 24/01/2013 @ 16:02

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Hi Steven. You have come to the right company! here at carfinance247 we deal with most lenders currently on the market including those who will consider customers with previous credit issues! From what you are telling me I am confident that we will be able to help. Edwin

Posted by Edwin Miles on 24/01/2013 @ 16:04

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Hi there im 21 year old male. Just passed my test looking to get a car. Unfortunately I have bad credit and also self-employed. Would be willing to put a 500 pounds minimum deposit. Any chance I could get finance on a car?

Posted by Bobby on 24/01/2013 @ 16:05

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Hi Bobby, we may be able to help you. Your age does make it slightly more difficult but there is still a chance. It will help if you are registered on the electoral roll and are showing intent to improve your credit. You would need to put an application though so we can have a closer look at your credit prrofile and try to place you with one of our lenders. The fact that you have a deposit should help you gain an approval. Thanks, Edwin

Posted by Edwin Miles on 24/01/2013 @ 16:08

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Can I apply just now without looking for a car or what not to see if I would get approval? Or better waiting until I have one I want to buy. I just applied for a credit card from capital one which I got approved to help me better my credit. Also registered on the electoral roll.

Posted by Bobby on 24/01/2013 @ 16:32

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Hi Bobby, you can make an application first just to make sure we can get you approved and then you can look for a car or we can help if you are struggling. Let me know when you have made an application and I will get on it straight away! Thanks Edwin

Posted by Edwin Miles on 24/01/2013 @ 16:34

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I applied for a finance deal for a car in October but was refused on the grounds that my credit rating was bad. I have a full time permanent contract as a teacher so can easily afford to pay a finance deal each month. But, mess ups with my phone bill in the past have seriously affected my credit score which means I was even refused for a credit card. Are there any companies that would accept me for a finance deal if my parents guarantored it? I want the reliability of a new car and also the chance to improve my credit rating by proving I can pay on time each month!

Posted by Ceri on 29/01/2013 @ 09:56

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Hi Ceri, Thank you for your question. We do deal with most lender on the market including those who will finance customers who have previously experienced credit issues. It would be worth making an application so we can see what we can do. I would advise that you put a guarantor on the application if you have this option as it ususally strengthens the application. I hope this helps. Edwin

Posted by Edwin Miles on 29/01/2013 @ 09:58

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i have just completed a car finance agreement. My partner also had a car on finance but i was involved in an accident last month and the car was deemed a total loss. i have tried to get another car on finance but it has been refused as it says i have bad credit. I am in employment and need a car to get to work. would this be some thing that you may be able to help with?

Posted by Stacey on 04/02/2013 @ 14:37

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Hi Stacey, An appoval for you is definitely a possibility as many of our lenders will finance customers who have previously experienced credit issues. You would however need to make an application so we can take a closer look at your credit profile. I hope this helps. Kind regards, Edwin

Posted by Edwin Miles on 04/02/2013 @ 14:43

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I am looking for a car on finance but I have a bad credit history.I work full time so I know I will be able to pay the monthly payments.I also have my car which is worth about £600 for a deposit.Do you think you could help ? Thanks

Posted by Ryan on 05/02/2013 @ 15:23

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Hi Ryan, you have come to the right place. Many of our lenders will finance customers who have previously experienced credit issues. How is you credit profile now? have you made an attempt to improve it? If so this will definitely help us secure you an approval. Please make an application when you are ready. Kind regards, Edwin

Posted by Edwin Miles on 05/02/2013 @ 15:32

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Hello I have really bad credit and everything i own is breaking ie vac-washing machine now car. i owe 400 to capital 1. bank im -600. Everything all on credit score and Ithus have a bad score. I've lived in my bought house nearly 3 years. I have been in current job 3 months. I would trade my car which is worth £900 . which company would you suggest? I just feel worthless and its getting better of me

Posted by Caroline on 05/02/2013 @ 16:22

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Hi Caroline. Thank you for your question and I am sorry to hear your situation. However you have come to the best place! Here at CF247 we deal with most lenders currently on the market and many of these lenders will finance customer who have experienced issues with credit and even those who are in IVA's/ ex bankrupts etc. So we should definitely be able to help. Please make an application when you are ready. Once we have an approval for you will be allocated to your own personal finance advisor who will take you through the process and make it as easy as possible. Thanks, Edwin

Posted by Edwin Miles on 05/02/2013 @ 16:26

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Hi, I currently have ver Bad Credit but am now under control with my payments and i am now making regular payments with enough money left over to make payments to a car. Do you think that CF247 will be able to help me?

Posted by Christina on 07/02/2013 @ 18:46

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Hi Christina. As long as you are showing intent to improve your credit profile we should be able to help. Are you registered on the electoral roll as this will also strengthen your chances of an approval. Please make an application so we can see how we can help. Edwin

Posted by Edwin Miles on 08/02/2013 @ 10:10

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Hello, I have just done a credit report with Experian and have a very poor rating of just 531.I know it's doubtful but do you think there is any chance of getting finance on a car of £5360 ? I have had decline from CAR LOANS 4U who have tried with no joy. Do you use the same companies as them or do you have a selection of other lenders ? My bad history is from a while ago and also my period of searching for loans that obviously act against you . Many thanks Alex

Posted by Alex on 21/02/2013 @ 09:14

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Hi Alex, we do work with some of the same lenders but do work with others. I would advise that you make an application so we can try our best to place you with the most appropriate lender. We will run an initial credit search on you to begin with and our underwriters will only try to get you approved with the lenders we believe we accept your application thus avoiding adding a number of unecessary searches on your profile. May I advise that you put through a joint application as this may strenghten your chances of an approval.I hope this helps, Edwin

Posted by Edwin Miles on 21/02/2013 @ 09:17

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Hi Edwin, I have a experian score of 595 and work full time earning £24000 per annum. This puts me in the poor category for ratings though. I have defaulted on one account over 2 years ago when i was ill, i paid it off straight away when i was back working and i have never missed a payment since and always can afford to pay my bills etc. I'm looking to borrow around £1500 - £2000, could you help? Thanks

Posted by Scott on 21/02/2013 @ 09:23

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Hi Scott, I hope you are well. The good news is we should definitey be able to help you. Here at CF247 our underwriters will consider your application, no matter what your credit history and we always provide fast decisions. Many of our lenders will finance customers who have previous defaults and as long as you are showing intent to improve your credit profile we should be able to help. Similarly being registered on the electoral roll will also your chances of an approval. I hope this helps. Edwin

Posted by Edwin Miles on 21/02/2013 @ 09:25

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hi edwin, i have a experian score of 668 which is classed as poor. whats the chances of getting accepted for car finance ?my girlfriend has a good credit score so would we be able to get accepted in her name and add me as a named driver ?

Posted by Paul on 22/02/2013 @ 08:36

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Hi Paul, Thank you for your question. I would advise that you put an application through in both your names so our underwriters can take a look at both your credit profiles and assess what the best option for you would be. I hope this helps, Edwin

Posted by Edwin Miles on 22/02/2013 @ 08:39

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HI there i am wondering if you can help me. i have driving test in may and hoping that all goes well with that i would be looking to get a car on finance. the problem is i am paying off a debt that will take me until july 2014 to pay off. however i do pay it regulary and my phone bill and i think i would be able to afford the repayments. do you think this would be possible??

Posted by Emma on 04/03/2013 @ 17:56

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Hi Emma. What kind of debts are you referring to? are you in a debt management plan/iva? If so then we may still be able to help. We have a large number of lenders and some are willing to consider customers who have experienced credit issues. However without a joint applicant with a full licence, you would need to wait until you have passed your test. Thanks, Edwin

Posted by Edwin Miles on 07/03/2013 @ 09:20

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Can I get a new car £13495 I'm using my car as part ex £1495 plus a manufacturer deposit contribution of £1000. My credit isn't brilliant score 525 I've missed a few mortgage payments but have come to arrangement to pay extra which I have done for over a year now. What are my changes of getting finance for the car?

Posted by Linda O'neill on 08/03/2013 @ 16:04

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Hi. I just checked my credit rating and it shows a few credit searches and tried few to I also owe £5 on a phone bill. However that is all clear now and I have a credit rating of 860. I'm looking to have a deposit of about £2000 for the car i am looking to get which is priced between £6500-£8000. Would u be able to help at all? If so what kind of APR would I be looking to pay? Thanks wayne

Posted by Wayne Gray on 11/03/2013 @ 18:43

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Hi Linda, The good news is we do work with most lenders on the market, and many will lend to customers who have previously experienced credit issues so I am confident that we will be able to help. Your chances of an approval will increase if you are keeping up to date on any other accounts and if you are registered on the electoral roll. The fact that you have a substantial deposit will also help. Please make an application when you are ready. Thanks Edwin

Posted by Edwin Miles on 14/03/2013 @ 09:26

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Hi Wayne, thank you for your question and I apologise for the delayed reply. From what you have told me I am confident that we will be able to help especially seeing as you have a good deposit to put down. You also have a good credit score so there is a chance we may be able to secure you some good rates. I hope this helps. Edwin

Posted by Edwin Miles on 14/03/2013 @ 09:31

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Hi, iIhave a credit score of 459 on experian and one default of £310 in October and am now earning around £27500pa. I'm looking to borrow some money for a car of around £9000 expecting to get around £1600 for my own car and put down a £400 deposit. Is it likely that i will be accepted for this? I am worried that applying and being rejected will push my credit rating further down.

Posted by Jess on 15/03/2013 @ 13:59

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Hi Jess, I hope you are well. With regards to gaining you vehicle finance, you have definitely come to the right place. We deal with many lenders who will finance customers who don't have the best credit history. All I can suggest is that you put an application through with us so our underwriters can try to get you approved with an appropriate lender. Unlike many similar companies we will only send your application to the lenders we believe it will be approved with based on your credit profile. I hope this helps. Edwin

Posted by Edwin Miles on 15/03/2013 @ 14:08

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Hi, I am looking to get finance for a car, the loan amount is £4500, I have a deposit of £500 and a car for part ex with a value of about £500. I have checked my credit score through experian which comes back as poor due to past circumstances and I haven't been in my present part time job very long. Having looked at mine and my partners finances at present we can afford up £200 a month for finance payments and my be able to get a friend to be a guarantor for the loan, so my question is what would be the chance of getting approval on £4500 loan in my present situation, also note I have as yet applied for any finance due to not wanting more marks on my credit score. Thank you for your time. John

Posted by John R on 27/04/2013 @ 10:43

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Hi John, your budget of £200 per month is a decent one and as you have a £1000 combined deposit i'm very confident we could help get you approved (depending upon how bad your credit actually is). You certainly tick the boxes and we do specialise in helping individuals with a poor credit history. As long as you can prove your income and are on the voters roll at your current address we should be in business. Have a good weekend and please make an application when you're ready. Kind Regards, Edwin

Posted by Edwin Miles on 27/04/2013 @ 12:19

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