Help & Advice

CCJs, defaults and IVAs

CCJs, defaults, IVAs


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, a deposit isn’t mandatory - we’re also able to offer no deposit car finance too!

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!

Answer correct as of February 2017

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Best available rate
Total repayment
Total cost of credit

Best available rate

Total repayment

Total cost of credit

We compare products from 18 of the UK's top lenders to get you the best deal.

Hitatchi

Representative example. Excellent Credit

Borrowing £7,500 over 48 months with a representative APR of 16.8%, an annual interest rate of 16.8% and a deposit of £0.00, the amount payable would be: £211.25 a month, with a total cost of credit of £2,640 and a total amount payable of £10,140.

CarFinance 247 is a broker and not a lender

Best available rate
Total repayment
Total cost of credit

Best available rate

Total repayment

Total cost of credit

We compare products from 18 of the UK's top lenders to get you the best deal.

Hitatchi

Representative example. Excellent Credit

Borrowing £7,500 over 48 months with a representative APR of 16.8%, an annual interest rate of 16.8% and a deposit of £0.00, the amount payable would be: £211.25 a month, with a total cost of credit of £2,640 and a total amount payable of £10,140.

CarFinance 247 is a broker and not a lender