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My partner wants to get hire purchase but has a bad credit rating. Can you help?

Hello, My partner wants to get hire purchase but has a bad credit rating. On the other hand i have a really good credit rating but he is the one that has the driving licence. Can we still get car finance or not?

Asked by Maria

Hi Marie, Yes this is possible as we have lenders on our panel that will look at joint applications. It will also strengthen your partners application from the lenders point of view if you’re on the finance agreement as you have good credit and your partner has poor credit.

There is a possibility of getting your partner approved just on his own as we have many lenders who offer bad credit car loans however, we might be able to get a better rate if you apply alongside your partner.

Please be aware though that if you go ahead on a joint car finance deal and your partner doesn’t keep up with the repayments then it will effect your credit rating also.

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
Answered by Tim Carpenter Car Finance Expert Edited on

Liked by 19 People

5 Years
Total cost of credit £ XXX.XX
Total repayment £ XX,XX.XX
48 monthly
payments of
£ 245 98

Rates from 6.9% APR: the exact rate you will be offered will be based on your circumstances

Representative example: borrowing £6,500 over 5 years with a representative APR of 27.4%, an annual interest rate of 27.4% (Fixed) and a deposit of £0.00, the amount payable would be £188.74 per month, with a total cost of credit of £4,824.37 and a total amount payable of £11,324.37

Rates may differ as they are dependent on individual circumstances. Subject to status.

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