Help & Advice

Debt Management Plans

Debt Management Plans


If you are currently - or have recently been - in a Debt Management Plan (DMP) or a Debt Relief Order (DRO), then, in general, you may find it difficult to get accepted for finance.

At CarFinance 247, however, we work with lenders who specialise in advancing car finance for people in a DMP or DRO. This means that whether you want to buy a car, van, motorbike or caravan, we may still be able to help. We can even help people that have been refused elsewhere.

Upon receiving your application for finance, we would search our large panel of lenders to find the most suitable loan option for you – and at the best possible rate. As we work with a number of lenders that specialise in bad credit car finance, we are able to help customers in varying credit situations and are able to offer very competitive rates.

As well as your credit history, finance providers will look at a number of other aspects of your personal circumstances to work out feasibility of the loan. This includes income and employment, but we can find finance options for a range of circumstances, including being self-employed, a student or retired.

Answer correct as of November 2016

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Best available rate
Total repayment
Total cost of credit

Best available rate

Total repayment

Total cost of credit

Representative example:

Borrowing £7,500 over 4 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 £246.43 per month, with a total cost of credit of £4,328.83 and a total amount payable of £11,828.83.

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

CarFinance 247 is a broker and not a lender

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

Best available rate
Total repayment
Total cost of credit

Best available rate

Total repayment

Total cost of credit

Representative example:

Borrowing £7,500 over 4 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 £246.43 per month, with a total cost of credit of £4,328.83 and a total amount payable of £11,828.83.

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

CarFinance 247 is a broker and not a lender

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