|Total cost of credit||£ 2000|
|Total repayment||£ 2000|
£ 245 98
Rates from 6.9%: the exact rate you will be offered will be based on your circumstances, subject to status.
Representative example: borrowing £6,500 over 5 years with a representative APR of 24.9%, an annual interest rate of 24.9% (Fixed) and a deposit of £0.00, the amount payable would be £181.16 per month, with a total cost of credit of £4,369.52 and a total amount payable of £10,862.52.
In the UK, there are three main credit reference agencies – Equifax, Experian, and TransUnion. Each of these agencies has a different scoring system and uses different information to determine your credit score. It’s not unusual for your score to be different with each of these agencies.
At CarFinance 247, we work with a panel of lenders who use different credit reference agencies to determine whether they can approve you in principle. As you can’t be certain which of the three agencies your lender uses, it’s good practice to check your credit score at all three. This can be done for free by heading to Credit Karma (which uses TransUnion data), ClearScore (which uses Equifax) or Credit Club from MoneySavingExpert (using Experian data).
Find out more about credit reference agencies here
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
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
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
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
We work with a panel of different lenders and are able to help customers with different credit scores - excellent, good, fair and bad - get car finance. This includes people with CCJs, defaults and IVAs, subject to approval. We can’t guarantee you’ll be approved for finance though, as everyone’s circumstances are different and we’d need to look at your individual details to see if we can match you to one of our lenders. Make an application to find out more. Rates from 6.9% APR. Representative APR 24.9%.
* The UK's number one online car finance broker by unique users to the website. Based on Hitwise data – 1,746,657 to CarFinance 247 vs. 666,020 for nearest competitor. January to December 2019.
96% of our customers recommend us: † Based on feedback left on independent review site Reviewcentre. May 2019.
CarFinance 247 is a trading name of CarFinance 247 Limited, a credit broker and insurance intermediary, and 247 Money Group Limited (247 Money), a lender. Both companies are part of the 247 group of companies.
CarFinance 247 is authorised and regulated by the Financial Conduct Authority under reference number: 653019. Registered office: Universal Square, Devonshire Street North, Manchester, M12 6JH. Registered in England. Company registration no. 06035525. Data Protection Registration Number Z1897658.
247 Money is authorised and regulated by the Financial Conduct Authority. Registered office: Universal Square, Devonshire Street North, Manchester, M12 6JH. Registered in England. Company registration no. 10989530. Data Protection Registration Number ZA456831.
All finance is subject to status and income. Written quotations on request. CarFinance 247 can introduce you to a limited number of finance providers, including 247Money, based upon your credit rating and will receive commission for such introductions.
† We do not charge a fee for arranging the finance, however some of our lenders may charge a fee. Your account manager can provide more information on this