Car Finance with
CCJ, Defaults or IVA

Car Loans | CarFinance 247
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No impact on your credit score
Rates from 19.9% APR. Representative APR 27.9%
Car Loans | CarFinance 247
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Representative example: borrowing £6,500 over 5 years with a representative APR of 27.9%, an annual interest rate of 27.9% (Fixed) and a deposit of £0.00, the amount payable would be £190.26 per month, with a total cost of credit of £4,915.46 and a total amount payable of £11,415.46.

We look to find the best rate from our panel of lenders and will offer you the best deal that you’re eligible for. We don’t charge a fee for our service, but we do earn a commission. This does not influence the interest rate you’re offered in any way.

Can I get finance with a CCJ, Defaults, or an IVA?

Yes, you can!

Here at CarFinance 247 we know that life can be unpredictable, and we can find all ourselves facing financial difficulty. But if you’ve missed payments in the past, had a CCJ or entered an IVA, that doesn’t mean you have to give up on getting car finance for good. We work with a panel of lenders, which means we can look to find finance deals for people with a variety of different circumstances including those with a CCJ, default or IVA. And for these lenders, it’s not all about your credit score. They can take a range of factors into account to consider whether you could be eligible for car finance.

What is a CCJ?

CCJ is short for County Court Judgement. In England, Wales, and Northern Ireland, a CCJ can be granted against you if you fail to repay a debt. The judgement will give you a deadline for repaying the loan and outline exactly how much you owe and how it’ll be paid. And your CCJ will be kept on record – and could impact your credit score – for six years, even after you’ve paid off the original debt.

What is a default?

If you have a default, this means that you’ve missed – or defaulted – on payments in the past and have received a default notice that has been noted on your credit file. A default notice (sometimes called a notice of default) will typically be issued after missing payments for three to six months. Under the Consumer Credit Act 1974, the notice should explain which payments you’ve missed, the date you must clear the arrears by, and what will happen if you don’t do this before that date. If you’re unable to clear those payments in the time specified, your account will fall into default.  

What is an IVA?

An IVA or Individual Voluntary Arrangement is an agreement that you make with your creditors to help you pay off your debts at an affordable rate. If you’re currently in an IVA, it may be difficult to find car finance due to the conditions of your agreement. We might need further information from your creditors, and you should seek permission from your Insolvency Practitioner before you apply for us to help you find finance. However, if you have had an IVA in the past, this will stay on your credit file for up to six years but doesn’t have to mean you won’t be able to find finance.

I have bad credit and a CCJ, can you help?

The good news is that we work with a panel of lenders and some of them can help customers with a bad credit rating get car finance. And this includes people with CCJs, defaults and IVAs, subject to approval. Of course, everyone’s circumstances are different and it’s not all about your credit score so we’d need to take a look at your individual details to see if we can match you to one of our lenders.

Why come to us if you have a CCJ, defaults or an IVA?

For us, car finance is all about helping people improve their everyday lives.

Whether you need a car for the commute, the school run or the weekly shop, we’ll look to find you the best car finance deal from our panel of lenders.

Plus, you’ll have a dedicated account manager on hand to help you through the process and speak to the dealership on your behalf.

What’s next? How to apply

It all starts with a quote. If you’re approved in principle, we’ll give you a call to talk through your options. Your account manager can answer any questions you have and grant you access to our car search – a treasure trove of over 130,000 used cars ready and waiting to find a home. Found a car somewhere else? We can still help – just let your account manager know.

Ready to start?

Applying with us only takes a couple of minutes and won't affect your credit score

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* The UK's number one online car finance broker by unique users to the website. Based on Hitwise data – 1,746,657 to CarFinance 247 vs. 666,020 for nearest competitor. January to December 2019.

96% of our customers recommend us: † Based on feedback left on independent review site Reviewcentre. May 2019.

CarFinance 247 is a trading name of CarFinance 247 Limited. Registered office: Universal Square, Devonshire Street North, Manchester, M12 6JH. Registered in England. (Registration Number 06035525).

CarFinance 247 is authorised and regulated by the Financial Conduct Authority for insurance distribution and credit broking (Firm Reference Number: 653019). CarFinance 247 is registered with the ICO (Registration Number Z1897658).

Finance is subject to status and is only available to UK residents aged 18 and over. Written quotations are available on request.

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