I Have a Very Bad Credit Rating and Several CCJ's. Can I Get A Car Loan?
Hi, I am looking for car finance but have already had one refusal and dont want to keep applying and ruining my chances of getting credit any more. I have a 2005 Ford Transit van, 69000 miles, which I'm looking to PX for a family vehicle of around 8000. However, having checked my credit score with Equifax, although my score is fair (761), I have one CCJ on there for £8944, which has been raised by my ex husbands father, out of spite! Would you be able to help me at all, or is the CCJ going to ruin any chance of credit? I work p/t and have lived at my current address for 2yrs 8months, prev address 7 years. I have a credit card and store cards, all of which have been paid on time each month. many thanks. Elaine
March 7, 2013
Hi Elaine, A CCJ won't necessarily prevent you from obtaining finance as long as any credit accounts you have are being paid. The main issue I can see is that you are part time. Many lenders require customers to be in full time employment. However we do deal with lenders who would consider you. You would need to make an application so we can see how we can help. Thanks, Rachel