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I Have a Very Bad Credit Rating and Several CCJ's. Can I Get A Car Loan?

I have a very bad credit rating including several CCJs and have not been at my address for very long. However, I have not had any CCJ's for the last 7 months and am now in a steady job - can you help?

Asked by Mrs Singh

Hi Mrs Singh, thank you for your question.

There is a possibility we can help get you accepted as we have many lenders on our panel who help people with CCJ's. As long as you have a UK licence and can prove your income that'd obviously help our chances.

Lenders do like to see intent to pay off any defaults / CCJs etc - so if you are beginning to make inroads on that front, and register your name at your current address on the electoral roll, we should be able to get you approved for a car loan.

Alternatively, we may be able to get an approval easier if you have a guarantor / joint applicant who has a better credit history than yourself - is this possible? Either way please make an application when you're ready and if approved we provide a no obligation quote and you can buy a car from any dealer in the UK. I hope this helps. Kind Regards, Rachel

Tim Carpenter
Answered by Tim Carpenter Car Finance Expert Edited on

Liked by 802 People

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

Rates from 6.9%: 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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