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.