Help & Advice

Bad credit (refused)

Bad credit (refused)


If you have poor or bad credit, or you have been refused a loan elsewhere, the good news is that we still may be able to help. In fact, a number of our lenders specialise in helping those with bad credit obtain car finance.

Of course, no car finance is guaranteed, since everything depends on your particular circumstances – such as your age, your employment, your income and the size of the loan you are looking for - as well as your credit file.

However, we have loan options available for a wide range of personal circumstances, including for those that have CCJs on their file, are in an IVA or have previously been bankrupt (now discharged).

Having a regular, basic income is something our lenders will look to see from any finance applicant. This can come from a range of employment types, for example we can help if you are self-employed, a part-time worker or an agency worker.

We can offer no deposit car finance, but if you do have a deposit or a part-exchange available, you can use this to reduce the total amount borrowed (subsequently reducing your monthly repayments).

Even if you have been declined for a car loan elsewhere (such as from a bank, a car dealership or even another car finance broker), the good news is that we do work with lenders that specialise in bad credit car finance, so still may be able to help.

Remember, though, that the repayments are still your responsibility and if you default on them your credit rating will be adversely affected and future borrowing become still more difficult.

At CarFinance 247, it isn’t just a car that you can finance! We can offer finance on vans, motorbikes and motorhomes too.

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

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