I Have a CCJ in My Name and I Have Bad Credit. Will the Car Finance APR be High?

I received a CCJ in my name in 2009. I am now struggling to get a loan for a car. I was wanting to borrow around £2000.

I was wanting to know if the interest rate on a loan would be high?

Asked by Jess M
August 5, 2011

Hi Jess, thank you for your question. If you have a CCJ that's still active but it's under the amount of £5000 we should still be able to get you accepted for finance. The good news is that we do have lenders on our panel that help people with current & settled CCJ's..

However, as you have stated the APR unfortunately will be higher than those seen on the high street as the lender you get approved with will see you as a higher risk than someone without a CCJ. The amount you wish to borrow seems fine and if approved this won't be a problem as long as you can prove your income.

Please make an application and once approved you can choose a car from any reputable dealer and we also provide a no obligation quote. Kind Regards, Rachel

My monthly budget is

Get my quote

Rates from 8.9% APR. Representative APR 19.9%

My monthly budget is

Get my quote

Rates from 8.9%: the exact rate you will be offered will be based on your circumstances, subject to status.

Representative example: borrowing £10,000 over 5 years with a representative APR of 19.9%, an annual interest rate of 19.9% (Fixed) and a deposit of £0.00, the amount payable would be £255.50 per month, with a total cost of credit of £5,329.80 and a total amount payable of £15,030.

We look to find the best rate from our panel of lenders and offer you the best deal that you're eligible for. We earn a commission for providing our services, but this does not influence the interest rate you’re offered in any way.

Amount to borrow

To pay over

5 years

Assuming your credit profile is:

Total cost of credit	£ 2000
Total repayment	£ 2000

48 monthly
payments of

£ 245 98

Get my quote

Rates from 9.9%: the exact rate you will be offered will be based on your circumstances, subject to status.

Representative example: borrowing £25,000 over 48 months, £3,750.00 deposit, on PCP, with annual mileage of 8,000pa, and a representative APR of 11.9%, an annual interest rate of 11.9% (Fixed), the amount payable would be £394.51 per month, an optional final payment of £7,194.33, with a total cost of credit of £9,912.36 and a total amount payable of £28,444.33.

We look to find the best product from our panel of lenders and will offer you the best deal that you’re eligible for. We earn a commission for providing our services, but this does not influence the interest rate you’re offered in any way.

CCJs, defaults and IVAs related questions

Hi! I'm 20 years old and have had a resolved CCJ in the past. However I have been in my job for 4 years and earn around £1000 a month. Would I be able to get car finance?

Asked by Jack E
August 5, 2011

Hi Jack, due to your age and the fact that you have a default already it is unlikely that we'll be able to help you. How much is your default for and what other credit do you have, if any? Kind Regards, Rachel

Hi, my credit score is 871, i am a home owner and i was recently offered a personal loan which i wanted to use to buy a car from Santander bank. I have a full time job and i earn around £1400 after tax a month. Can i get car loan with you for a hybrid ca

Asked by Nitin Yadav
August 5, 2011

Hi Nitin, thank you for your question. As you are a home-owner, have a good credit score and a decent monthly income i'm confident we can get you approved without having to see your credit report. Especially if you have just recently been approved by Santander there should be no reason at all why we can help you. Please apply when you can and once approved with us we provide a no obligation quote and you can get a car from any dealer in the UK. We can beat dealer rates too. Kind Regards, Louis

My credit rating isn't too good at the moment and i have a couple of ccj's. Although these have been sorted i need to lend £2000. Is that possible given my circumstances?

Asked by Al
August 5, 2011

Hi Al, here at CarFinance 247.co.uk we have many lenders on our panel that help people all over the UK get car finance with bad credit.

How much do the CCJ's that you have add up to? This could be a stumbling block (if over £10,000 combined) but we'll do all we can to help you out. As you say "they have now been sorted" i'm confident we can get you accepted for £2000 as it's a small amount. As long as you're employed with a full UK licence and preferably electoral roll status we should be ok.

Please apply online when you get a moment and once approved we provide a no obligation quote and you can get your car from any UK dealer. Thanks, Rachel

Hi, I have had defaults on credit accounts in past 12 months and also have a poor credit history.

I am in full time employment and now on top of all my credit accounts. Can I gain car finance?

Asked by Rachel h
August 5, 2011

Hi Rachel, thank you for your question.

I am extremely positive that we'll be able to get you car finance as we are specialists in helping people with bad credit. Are you on top of all your current agreements and have the defaults that you talk about now been cleared? If not, are you paying on time each month?

If so, we have helped thousands of people over the past 10 years obtain car finance even though they have had a less than perfect past. So don't worry. Please apply and we'll try our best to get you approved. Once accepted we provide a no obligation quote and you can buy a car from any dealer in the UK. Kind Regards, Rachel

Rachel, I was put on to 1/2 salary in December 2011 to keep my job. I had to enter into a debt management program in Feb 2011. but it was 3 months until creditors got any payments from debt management company. I came out of the program in September 2011 w

Asked by Ajb
August 5, 2011

Hi Ajb, It is definitely possible to gain car finance in your situation and we have been able to help previous customers in similar siutations to yourself. Some finance companies will lend to people who have been in/are still in a debt management scheme. However such companies will need to see that you are trying to improve your credit profile and from what you have told me this is the case. Mortgages and HP agreements are some of the strongest forms of credit and the fact that you have not missed any payments will definitely help you in gaining future finance. So when you are ready please put an application through so we can look to place you with one of our lenders. Rachel :)

Hello, I was looking for £5k to buy a car to get to work. Unfortunately in 2009 i defaulted on a loan and also defaulted with the bank account associated with it. The amount has risen to £5k now though charges have stopped and i recently contacted the cre

Asked by Rebecca
August 5, 2011

Hi Rebecca, it wouldn't be silly at all as we have lenders that help people like yourself who have struggled in the past. The great news is that you have 2 "A" paid credit cards which shows you van be trusted. Would you have a deposit at all as that would help your cause and how much do you earn per annum? Regards, Rachel

Hi, I have 2 defaults from 2007 that have recently appeared on my credit file. My credit score is now showing as poor. I am in a long term rental and would like to get into my own car. I am on a substantial wage, and if needs be could pull a deposit toget

Asked by Kate Simpson
August 5, 2011

Hi Kate, were any of your defaults over £5000? If so, we won't be able to help. If they were under £5000 we should be able to help depending upon how your current credit agreements are being run. How much are you looking for and do you have a deposit? Rachel

Hi, i was wondering if you can help, i have applied for finance and discovered my ex-wife has defaulted on our joint mortgage since our split. Prior to this i had a very good credit rating and everything that i owe is up to date. I am currently employed f

Asked by Leigh
August 5, 2011

Hi Leigh, If you only have a few missed mortgage payments but other than that a clean credit record i'm confident we can get you approved for car finance. Please make an application when you can.

I experienced some financial problems in 2009 and as a result have around 18 defaults on my file. I'm currently in payment arrangements with all the creditors. Plus I have a settled ccj from march 2010. Taking all of this into account I manged to get a cr

Asked by Carrie
August 5, 2011

Hi Carrie, it'll be a struggle to be completely honest as 18 defaults is a serious amount. However, as your credit score has improved and you now have some active clean credit it is not a lost cause. As long as you're employed and can prove your income and you're on the electoral roll we have a chance. Please apply when you feel ready? Also would you have a deposit? Kind Regards, Rachel

Yes I've been on the electoral roll at my current address for 3 years now and can prove my income. If I have a deposit of 2k, what figure do you approximate I could borrow?

Asked by Carrie
August 5, 2011

Hi Carrie, good news. If we get you approved i'd envisage circa a £5000 limit.

Can't find the right answer?

Our Manchester based team are ready to help you.

Get in touch

Free ride to the top

CarFinance 247 Ltd.,
Universal Square,
Devonshire Street North,
Manchester,
M12 6JH,

Free ride to the top

* The UK's largest online car finance broker by unique users to the website. Based on Similar Web data – 1,137,647 to CarFinance 247 vs. 753,819 for nearest competitor. January to June 2023.

CarFinance 247 is a trading name of CarFinance 247 Limited. Registered office: Universal Square, Devonshire Street North, Manchester, M12 6JH. Registered in England. (Registration Number 06035525).

CarFinance 247 is authorised and regulated by the Financial Conduct Authority for insurance distribution and credit broking (Firm Reference Number: 653019). CarFinance 247 is registered with the ICO (Registration Number Z1897658).

Finance is subject to status and is only available to UK residents aged 18 and over. Written quotations are available on request.

This site uses cookies so that we can provide you with the best user experience. By continuing to use the site you are consenting for cookies to be used. Further information on cookies and how you can disable them is available on our cookie policy.