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Can I Get Car Finance With a CCJ, Default or IVA?

Tim Carpenter, Dedicated car finance expert
Written by Tim Carpenter
Edited on

If you have a bad credit rating or have existing or resolved County Court Judgements (CCJs), are in an Individual Voluntary Arrangement (IVA), or have defaulted on a previous finance agreement, then you may have found it difficult in the past to get approved for finance. This also relates to customers with mortgage arrears or those with existing Scottish trust deeds.

However, at CarFinance 247, these credit situations aren’t necessarily a problem as we work with a number of lenders that actually specialise in helping those with bad credit or credit issues such as those listed above. As we work with such a large panel of lenders, we will also search the market to find not only an approval, but the most suitable and cost-attractive approval for you.

As well as your credit file, we will consider your employment status, income and age - among other things - to match you to the most suitable lender. In terms of employment status and where the means of your income, we can help people in a variety of different situations – for example, self-employed, part-time workers, disabled and retired.

If you have a deposit or a part-exchange, you can use this to reduce the total loan amount, which in turn would mean your monthly repayments would be lower. However, we do have no deposit car finance options available.

Of course, we cannot guarantee that you will get accepted for bad credit car finance and we can also decline an application if we feel it is not in your best financial interests.

If approved, you can choose a car, van, motorbike or motorhome from any reputable dealership in the UK!

Get a quote No impact on your credit score

Rates from 6.9% APR. Representative APR 27.4%

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Tim Carpenter, Dedicated car finance expert
Tim Carpenter Car Finance Expert
5 Years
Total cost of credit £ XXX.XX
Total repayment £ XX,XX.XX
48 monthly
payments of
£ 245 98

Rates from 6.9% APR: the exact rate you will be offered will be based on your circumstances

Representative example: borrowing £6,500 over 5 years with a representative APR of 27.4%, an annual interest rate of 27.4% (Fixed) and a deposit of £0.00, the amount payable would be £188.74 per month, with a total cost of credit of £4,824.37 and a total amount payable of £11,324.37

Rates may differ as they are dependent on individual circumstances. Subject to status.

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