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I was Made Bankrupt in 2009, but I Need a Small Loan for a Car. Can you Help?

Hi, I was made bankrupt in Feb 2009 and released in December 2009. I need to get a small loan for a car, about £3,500. I am in full-time, permanent employement and could get a reference from my employer.

Asked by Mike Sebbage

Hi Mike, we have helped many people in your position in the past as we have lenders on our panel who help people with past credit issues.

I wouldn't worry too much as the bankruptcy was 2 years a go now but it all depends upon how you've run your credit since then. Do you have a small deposit as that would help the situation?

It's also great that you're in full time employment as you'll need to prove your income with payslips. A reference isn't required. 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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