Win your car finance on us! Bad Credit
Car Finance
- Earn over £1.2k a month?
- Are you aged over 21?
CarFinance 247 is a credit broker, not a lender.
Rates from 19.9% APR. Representative 24.9% APR. Hire Purchase (HP) Example: Borrow £10,000 over 5 years with a £0 deposit. Representative APR 24.9% fixed rate. Monthly payment: £278.71. Total cost of credit: £6,722.34. Total amount repayable: £16,722.34.
Yes, you can get car finance if you’ve had a CCJ in the past. We know that life can be unpredictable, and your financial circumstances can change. That’s why we work with a panel of lenders and some of them can help people with a CCJ get a car loan. Of course, everyone’s situation is different and it’s not all about your credit score, so we’d need to look at your individual details to determine if we can find you an approval in principle from our lending panel.
If you have entered an IVA, or still have one marked on your credit report, you can still find car finance. Here at CarFinance 247, we work with a panel of lenders to look for car finance solutions for people with a range of circumstances, including those with an IVA and bad credit. Bear in mind that you will need to seek permission from your Insolvency Practitioner before applying for car finance, and should they approve your application to apply, we would need to see confirmation of this.
If you have been declared bankrupt in the past, we may still be able to help you find car finance. We work with a panel of lenders including some that can help discharged bankrupts secure a car loan. Your bankruptcy will have impacted your credit history, but lenders consider more than just your credit score, such as your affordability and employment history, when deciding whether they can approve you in principle.
Yes, if you’ve missed payments or defaulted on a loan in the past, you may still be able to get car finance. We understand that circumstances can change, and your credit report doesn’t tell the full story. That’s why we work with a panel of lenders to help people with a variety of credit scores find car finance even if you have had a default.
We work with a panel of lenders and some do offer car finance options with no deposit – even if you have bad credit. Speak to your account manager who can let you know how it works and what options are available to you.
There is no set credit score than can guarantee or prevent you from finding car finance. If you have a low credit score or no credit history at all it can be more difficult to secure a loan but it’s not impossible. In that case, you may be eligible to apply for joint car finance or put down a larger deposit to reduce the amount you need to borrow. You can also take steps to improve your credit score including registering on the electoral roll, keeping up with your monthly bills, and checking your credit report regularly.
You might find it easier to get accepted for car finance than you think. With CarFinance 247, you can find out whether you could be eligible to secure a loan in minutes. If you’ve found it hard to get accepted for car finance in the past or are applying for the first time, we’ll take away the guesswork and let you know whether one of the lenders on our panel might be able to help. And thanks to our wide lending panel, we can help people with a variety of different circumstances including bad credit scores.
While we don’t currently offer leasing at CarFinance 247, you may be able to find a leasing deal elsewhere, even if you have bad credit.