Help & Advice

Car Loans For People With Bad Credit

Hi Rachel, does your company offer car loans for people with bad credit? If so i need your help. I have a poor credit history and need a new car.

I've missed a few payments recently but have a clean mortgage and a £1500 deposit. Can you help?

David T


Answer

Hi David, after taking a look at your question i think that we can help.

We have many car loan lenders on our panel that offer car loans to people with a bad credit history.

The great news is that you have a large deposit (which lenders like) and from what you've said a few missed payments isn't the worse thing in the world and as you have a clean mortgage that's also a positive. Please make an application when you're ready and once approved we provide a no obligation quote and you can buy a car from any dealer. Kind Regards, Rachel

Answer correct as of September 2016

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Representative example. Excellent Credit

Borrowing £7,500 over 48 months with a representative APR of 16.8%, an annual interest rate of 16.8% and a deposit of £0.00, the amount payable would be: £211.25 a month, with a total cost of credit of £2,640 and a total amount payable of £10,140.

CarFinance 247 is a broker and not a lender

More related questions

Hi, I have a really bad credit score and I did a debt relief order about 5 years ago and have not had any credit since.

But I am now needing a car for myself and my small family. Would you be able to help me?

Answer

Hi David, thank you for your question.

The good news is that we do have lenders on our panel that help people who have been in debt relief orders in the past. We can't guarantee an approval however, as long as you are employed, have a UK licence and are on the electoral roll there is a chance we can get you accepted.

Once approved we provide a no obligation quote and you can buy a car from any UK dealer so if you meet the above criteria please make an application asap. Kind Regards, Rachel

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I have been bankrupt and that was back in December 2008. I have finance with Black Horse but keep getting turned down.

I have missed one payment in over a year - can you help me?

Answer

Hi Eugene, thank you for your question.

We are specialists in securing car finance for those that have been refused elsewhere and as you've only missed one payment in the last year i'm confident we can get you accepted.

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

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Rachel Wilson, Underwriting manager

Asset 1 Just get in touch,

we'll try to help Asset 2

Rachel Wilson, Underwriting Manager

Best available rate
Total repayment
Total cost of credit

Best available rate

Total repayment

Total cost of credit

We compare products from 18 of the UK's top lenders to get you the best deal.

Hitatchi

Representative example. Excellent Credit

Borrowing £7,500 over 48 months with a representative APR of 16.8%, an annual interest rate of 16.8% and a deposit of £0.00, the amount payable would be: £211.25 a month, with a total cost of credit of £2,640 and a total amount payable of £10,140.

CarFinance 247 is a broker and not a lender