What credit score do I need to be approved for car credit

Hi, i have bad credit from many years ago that i fear is still haunting me on my file. I am in full time employment and have been working for same company for 12 years. My salary is ok. I have lived at same address for over 32 yrs. Looking for approx £7500. One company already quoted me but APR is 30%!!! Can you beat that?

Asked by Kieran Delaney
August 8, 2013

Hi Kieran, we'll certainly try and help you out. We do have lenders on our panel that approve people with past credit problems. If your issues were within the last 5 years they will still be visible on your credit profile and you won't get market leading rates unfortunately but i'm confident we can beat the 30% you have been quoted as you have a stable job and residential history. Please apply when you get a few minutes. Kind Regards, Rachel


Credit scores related questions

Hi, I have an experian credit score of 710, I have 2 ccjs which were both paid before it got to court, one five years ago and one three years ago, I have three defaults also from five years ago, I have sent settlement letters to registry trust to try and

Asked by John
August 8, 2013

Hi John, Your credit score is quite high in light of your ccjs/defaults. The amount you are looking for is definitely achievable given your circumstances. From what you have told me I am confident we will be able to help you as you are clearly showing intent to improve your credit profile. Please make an application so we can see what would be the best option for you. Thanks, Rachel

Tim Carpenter
Tim Carpenter Car Finance Expert

Liked by 6 People

Hi, I have an Experian credit score of 868 and need about £9000 to buy a replacement car. I'm on about £1300 per month, live with my parents and am on the electoral role.

I have one defaulted account for about £400 from 3 years ago, I don't

Asked by Jack Lloyd
August 8, 2013

Hi Jack, thank you for your question.

As you only have a few blips on your credit profile and an old default for a small amount i doubt this will prevent us from securing you car finance.

The only stumbling block may be the amount you need. On £1300 monthly income we may only be able to get you circa £7000 but this all depends upon which lender we can get you accepted with.

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

Tim Carpenter
Tim Carpenter Car Finance Expert

Liked by 10 People

Hi, I have an experian credit score of 649 and on the up as my finances are getting a lot better.

I earn £28k per annum and am looking for approx £5k. Would you be able to help and what sort of interest rate would I be looking at? Thanks fo

Asked by James shaffer
August 8, 2013

Hi James, thank you for your question.

As you have a fair score and you say you're financial situation is improving i'm confident we can help. You also have a good income and are after a sensible amount. The rate you receive will purely depend upon the lender we can get you approved with.

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

Tim Carpenter
Tim Carpenter Car Finance Expert

Liked by 7 People

Hi, I have a credit rating of 605 and have one defaulted account of £400 from last year which was settled last year. I have a deposit of £1000, I also make around £1600 - £2000 a month, and was looking at a car around £5000. Do you think I'll have a chanc

Asked by Danielle
August 8, 2013

Hi Danielle, as you only have one small default that is now settled and you have a good income and large deposit i see no reason why we won't be able to get you approved. The fact that you're on the electoral roll and have some other forms of clean credit is great to see too. Please apply when you're ready. Kind Regards, Rachel

Tim Carpenter
Tim Carpenter Car Finance Expert

Liked by 6 People

Hi, I was made bankrupt 3 years ago due to debts incurred when my father died and we had to cover funeral costs, I believe I am now discharged and my experian rating is 977, I have no loans or credit right now. I don't want to apply for credit and get tur

Asked by Dave K
August 8, 2013

Hi Dave, thank you for your detailed question. Your credit score does seem good but as you have no active credit (and past bad credit) we may struggle. I'm confident we can get an approval but i can't guarantee anything at this stage. Are you on the electoral roll? If so, this further increases our chances. The fact that you have a part ex and cash deposit certainly increases your chances of getting the amount you need. It's your decision Dave but i am quietly confident. That's all i can say now. Rachel
Tim Carpenter
Tim Carpenter Car Finance Expert

Liked by 10 People

Hi. I have a current credit score of 359 which is very poor through no fault of my own. I've basically had my identity stolen & used to take out serveral payday loans. Wonga & quick quid. I'm in the process of dealing with it however I'm in desperate need

Asked by Nikita
August 8, 2013

Hi Nikita, I am sorry to hear of your situation, however there may be something we can do to help. However you would need to make an application so we can assess your credit profile before we can be sure. Please provide me with your reference number when you have filled one out and I will be able to advise. Thanks Rachel
Tim Carpenter
Tim Carpenter Car Finance Expert

Liked by 9 People

I have a bad credit rating of 374 (trying to get incorrect info removed). I earn £30,000 and am on the electoral roll but if I make an application for car finance through you how many credit searches will appear on my credit file and will I have endless p

Asked by Jay Thomson
August 8, 2013

Hi Jay, to answer your question we conduct a minimum of 1 and a maximum of 3 credit searches when trying to obtain car finance for you. The first credit search is conducted by ourselves to ascertain whether we can get you approved or not. If we think we can we'll then propose you to 2 of our poor credit lenders to get a decision. As you have a good income and are on the electoral roll this will go in your favour. You will not be called by any other debt management companies either. You will only be called / receive a letter f you are approved. Rachel
Tim Carpenter
Tim Carpenter Car Finance Expert

Liked by 7 People

I have a bad credit score and am not on the electoral roll. But would my girlfriend be able to get te car in her name? She's on the electoral roll and has a part time job. We would have a deposit of £2400 and need another £2600. She doesn't have a driving

Asked by Michael
August 8, 2013

Hi Michael, your girlfriend can't apply as she doesn't have a licence. However, as you have a large deposit i'm relatively confident we can get you approved for finance even though you have a bad credit history. Please apply and we'll go from there. Kind Regards, Rachel
Tim Carpenter
Tim Carpenter Car Finance Expert

Liked by 11 People

I have a credit rating of 795 on Experian, have a default on a loan from nearly 6 year ago, not currently on the electoral roll because moved round quite a bit in the last year. Was looking to borrow £3500 and have a £500 deposit. Earn £400 a week after t

Asked by Andrew
August 8, 2013

Hi Andrew, your credit score seems pretty fair if I am honest and i'm confident that we can get you an approval. Being on the electoral roll doesn't necessarily guarantee you finance but it can go a long way in helping gain an approval. You may want to get yourself registered on it as it makes you traceable to the lender. The fact that you are employed and have a deposit will definitely go in your favour. It is wirth making an application so we can see how we can help! cheers, Rachel :)

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