Help & Advice

What credit score do I need to be approved for car credit

Hello, I have recently received my Experian credit report which gave me a score of 749 as i have late payments on my mortgage.

Could I still get a car on finance with my credit score?

Jay


Answer

Hi Jay, your credit score doesn't seem too bad at all if i'm honest and we have helped people with lower scores in the past. We can't guarantee an approval at this stage but we do have lenders on our panel that help people with recent missed payments.

Please make an application when you're ready as I'm reasonably confident that we can get you accepted with one of our panel of lenders.

If accepted the rate you pay will obviously be higher than those you see on the high street as you have a few late payments and you'll be seen as a slightly higher risk in the lenders eyes but, the rate you receive will be set by the lender you're approved with. The amount you can borrow will also be dependent upon your income.

Also, if accepted we provide a no obligation quote and you are free to buy a car from any dealer nationwide. Kind Regards, Rachel

Answer correct as of September 2016

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More related questions

im 20 year old and have a bit of bad credit due to job loss and not paying my phone bill due to that. would i still be able to get finance? how does it work

Answer

Hi Laura, do you have a job currently and if so do you earn over £800 p/month? If so, we may be able to help as long as you're not wanting to borrow too much. The maximum i think we'd be able to get you (as you have bad credit) is approx £5000. Do you have a full UK driving licence and are you on the electoral roll?

Please make an application when you're ready and if 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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Hi as far as I'm aware I have really bad credit. Getting a loan etc is near impossible for me. I've found a car and I'm able to put down a £2500 down payment and I'd need a future £1500 on finance. Are you able to help with the use of a guarantor etc? thanks.

Answer

Hi Mike, we'll certainly try and help and adding a guarantor will improve your chances of being approved. Where have you applied in the last 6 months? Have you applied at any internet brokers or have you just applied with high street names? The fact you have a deposit is fantastic as lenders like to see some form of commitment.

Please make a joint application when you're ready and if 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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Sorry I did mean without a guarantor, I applied with two companies that the dealers suggested an got declined by both and my deposit would be of £1500 not the £2000 I stated, thankyou

Answer

Hi Mike, what were the 2 companies names that dealers recommended?

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Hi, I have 1 ccj from about five years ago and a few defaults from about the same time. I have a great job now and earn well over £40,000 per year. What amount of car credit (if any) would I be able to obtain?

Answer

Hi Andrew, as your CCJ and defaults were approx 5 years ago we should be able to get you approved for at least £5,000 to £7,500. However, if you have a large income we may be able to secure you a higher amount. Have you applied for car credit anywhere else online and if so, what has been the outcome? Lastly do you know your current credit score as that will help me give you a decision? If not, please apply when you're ready so that we can credit search you and hopefully get an acceptance in place. Kind Regards, Rachel

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I have a credit score of 770 on experian. Will this get me a good rate on a car loan? I am afraid of applying for a loan and risk being rejected and that affecting my credit score. I want to borrow £6500 over 60 months. I have not applied for a loan anywhere else yet.

Answer

Hi Rhidian, with a credit score of 770 we may be able to get you approved for the £6500 that you need. We work with many lenders so you need not apply anywhere else as too many footprints on your credit profile has a negative effect. The rate you can expect will be determined by your personal circumstances and the lender we can get you accepted with.

Please make an application when you're ready and if 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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Hi, I have a credit score of 376 on equifax . I've just finished paying off a car from first response finance without one late payment in the 3 years and a 2 year one before that. The reason my credit score was low is because of my ex wife as she was bad at paying her bills on time. I've got a contract phone which I've never been late on paying over the 5 years with Vodafone. I've been in straight employment for over 2 years and earn £50000 a year. I was wondering much I would be allowed for a new car, and what the APR would be?

Answer

Hi Richard, your credit score seems quite low taking into account you have paid your hire purchase agreement with first response on time over the last 3 years and the fact that you have a contract mobile phone. Do you have any other credit that is in arrears currently? However, i'm sure we can help you and obviously our car finance lenders love to see you paying for your car on time. Are you on the electoral roll at your current address and is your driving licence registered to your current address? If so, please apply and we'll try and get you approved. If we can get you approved you'll be able to secure more finance if you have a large (15%) deposit or a part exchange to place into the deal. You mentioned your current car - is that clear of finance? If not, how much is outstanding to First Response and what is the vehicle worth roughly? Regards, Rachel

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Hi All, I have a very low score on my credit file of 376, I was very silly in my younger years and defaulted on two small loans each coming to a total of £400. I have since paid these off and have obtained a Mobile phone contract which I have been paying off every month for a year now. I have no debt and have a monthly net take of £1700. I am waiting for Experian to update my voters role status as I am currently registered. I have the top bank account with Clydesdale Bank aswell, however the two defaults seem to be preventing me from obtaining credit. I am eager to build my credit score and require some form of HP or Car Finance as my current car is ready to give up and for my job i'm required to travel at times when public transport isn't available. I have a deposit amount of £1000 and would be looking for £6000-£7000 can you help or advise?

Answer

Hi Derek, thank you for your question. Your credit score does seem low but it might be a factor of not having much credit at all. A small credit card with a low balance on from your bank would certainly help rebuild your credit file (as long as you paid the minimum monthly payments on time). It's important that you're on the electoral roll so make sure it has been registered before applying for car finance. As your old defaults are only for £400 i have a good feeling that we'd be able to get you approved as you have a large deposit of £1000. If approved the £6000 approx required wouldn't be an issue. I wouldn't be too concerned by your low score as our lenders that we deal with don't actually take the score into account given by either Equifax or Experian. The look at each case on its merits and they all have different criteria. Kind Regards, Rachel

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Hello. I have a credit score of 675 (Poor). I finished paying of my bank loan last year and requested another loan and got a resounding NO!!! I have a couple of default payments from old phone bills due to me contesting their dis-connection charges. Eventually I just paid them. I now have another contract mobile. I am on the electoral register, rent private accommodation and am in full time employment on a basic of £44000 per year. I only want finance of around £4000. What are my chances?

Answer

Hi Tafa, we should be able to secure you £4000 even though you have a credit score of 678 (i've seen worse). Do you have any other forms of existing credit and do you have a deposit? Regards, Rachel

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Hi, I am currently working in Switzerland but live and maintain a house in the UK where I am registered for certain bills. I can provide proof of earnings but of course they are from my swiss company and also bank statements too. I have a clean credit record on both experian and equifax. Can I apply for £15k if I put down £4 to £5k on a £20k car? Mark

Answer

Hi Mark, if you apply for finance with your UK residency address and you have a good credit profile then we will be able to get you approved for finance without having to show or prove your income. All we'll need is a copy of your driving licence. The fact that you have a minimum of a 20% deposit also helps. Please apply and i'll get Alex our manager to look at your application. Regards, Rachel

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I have a credit score of 226 plus a ccj. Do you think I would have any chance of refinancing the car I have at the minute? There's about £2300 left to pay on it?

Answer

Hi Ben, unfortunately we can't refinance your existing car. We'd have to take it in part exchange and get you into a newer car. The minimum lend we offer is £3500 also. Lastly, your credit score seems incredibly low - what is your credit history like? Do you have many accounts with missed payments & defaults? Regards, Rachel

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Hi, i am currently attempting to repair my credit as it's in a very bad way. This has happened since losing my job just over two years ago which resulted in a CCJ and a default against my name leaving my credit score at 194. I am now in a well paid job at around £2400 net p/month. Do you think there is any chance of getting credit and what sort of limit would i be looking at?

Answer

Hi Leigh, there is a chance of getting you approved for car credit and if we get you approved £4000 to £5000 should be possible. We have quite a few bad credit lenders so we'll try our best to get you approved. As long as you have a driving licence, can prove your income and you're on the electoral roll they are the main boxes ticked. If you have a part ex or deposit that also helps. Regards, Rachel

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I think I only have 2 missed payments on one other account.

Answer

Hi Ben, please apply and we'll do our best to get you approved. Rachel

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Hi, I have a very bad credit experian score showing as 659. I do have a car worth around £3000 (I could prob sell it for £3500 private but dont want the hassle) which I can part exchange. What are the chances of me getting around £4000 on finance?

Answer

Hi Sarah, with a credit score of 659 and a £3000 part exchange deposit i'm pretty confident we'll be able to get you the £4000 to £5000 you need. Have you applied at any other internet companies and if so where & what was the outcome? If not, great as too many credit searches on your profile have an adverse affect. I take it you have a driving licence and are employed? If so, excellent as we'll need proof to get you a loan. Lastly, are you on the voters roll? Rachel

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Hi there, just wanting some advice. I've got a credit score of 596 on check my file as i've got a default from welcome finance on a loan i had. However, i only owe about £90 so it's nearly settled and i'm looking for a loan for a new car. How much do you think i will be to get?

Answer

Hi Janos, as long as you're income is around the £1000 p/month mark and we can get you approved we should be able to get you approx £5000. Rachel

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Hi, I have a credit score of 844 on experian, income of £30k and am looking for an £8-10k loan. I'm aged 23 and have just moved home. However, i still have a £1400 settlement to clear on my existing car which is valued at £1000. What rate could I recieve on a loan of £8-10k?

Answer

Hi James, with your credit score and income taken into account we should be able to secure you £8k to £10k with no issues at all. We'll also be able to factor in the £400 negative equity in your part ex. Do you have any cash deposit and are you on the electoral roll at your current address? Kind Regards, Rachel

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Hi, I want to borrow £20K and my credit score is 916. I had one missed payment recently, but apart from that it looks good. I'm on a £21K salary and am registered on electoral roll. What is the chance for me to get this amount? Thanks, Mo

Answer

Hi Mo, you have a good credit score however, you won't get £20,000 finance without at least a £2000 to £3000 deposit. Is this a possibility? Regards, Rachel

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Hi, yes - £2k is available. My only concern is the income level and the only missed payment since this is a high value loan, what APR should I expect? Thanks

Answer

Hi Mo, we'd need to get you approved with a prime lender to get you the amount you need. If approved you won't need to prove your income. I wouldn't worry too much about the one missed payment. Everyone has a glitch here and there. If approved you'd be looking at 10% to 11%. Where have you applied and been refused? Rachel

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Hi, i was just wondering whether getting a £20,000 loan is realistic enough to even apply for? My credit score is 722 and i would have a £4000 deposit available. I'm also in the armed forces if that would help my cause at all. Thanks for any help in advance.

Answer

Hi Sean, with a £4000 deposit we could potentially get you £15,000 - £20,000 finance if we can get you approved obviously. So i would say it is worth applying as you credit score is average and you have a large deposit. Are you on the electoral roll at your current address? Regards, Rachel

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I have a bad credit score and am not on the electoral roll. But would my girlfriend be able to get te car in her name? She's on the electoral roll and has a part time job. We would have a deposit of £2400 and need another £2600. She doesn't have a driving licence but i do!

Answer

Hi Michael, your girlfriend can't apply as she doesn't have a licence. However, as you have a large deposit i'm relatively confident we can get you approved for finance even though you have a bad credit history. Please apply and we'll go from there. Kind Regards, Rachel

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Hi, I have a credit score of 421 on equifax and I have applied for the Fiat I-deal @ £159 per month. I have an active credit card with no balance and £1250 deposit as they advertise. I am waiting for them to make a decision, do you think I'd be a likely candidate? I earn £18k per year.

Answer

Hi Kirsty, your credit score does seem quite low to be honest but you may well have a good chance depending upon what your credit history is like and what Fiat's underwriting criteria is like also. You have the deposit required and you earn a decent wage so you tick some boxes obviously but have you had issues with payments in the past? If so, Fiat may not finance you and if that's the case please come and see us and we'll see what we can arrange for you. Regards, Rachel

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Hi, I have a poor rating between 619 and 649. I was wondering if I could get a £30k car with £6k deposit (so 24k loan)... I'm not on electoral roll. I have a good salary though @ £80k per year.

Answer

Hi Steven, with that size of deposit and income we should be able to get you approved for the £24,000 that you need. Please apply asap. If you could get yourself on the electoral roll asap that'd help too. Regards, Rachel

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Hi, I would like to finance a new VW Polo. My credit scrore on experian is 752 and I have a deposit of £2000. Am I likely to get accepted or do I need a guarantor?

Answer

Hi Ben, with a £2000 deposit and a fair credit score we should be able to get you approved without a guarantor. Please apply when you're ready. Regards, Rachel

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Hello, I have a credit score of 377 (Equifax). I don't know why my score is so low. I've never missed a payment since I was granted credit 2 years ago. I have only ever been late for one payment (2 days). I have two contracts and one settled contract. I also have recently paid off a loan and didn't miss a single payment so why is my score so low? I am 20 years old, maybe that has an impact? I would like to be granted finance for a car, do you think this is possible taking everything into consideration?

Answer

Hi Jake, thank you for your question. I'm confident that we can help and i'm sure your age has something to do with why your score seems low. However, a bigger factor could be your electoral roll status. Are you currently on the electoral roll at your current address? Is this the address where your current live credit agreements are registered?

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Hi there, I have really bad credit due to issues in my past. I have 9 defaults ranging from 5-2 years old and the total amounts to £3000. I have no ccj's or iva's and i've never been bankrupt. I'm not currently on the voters roll at my current address but will be in September 2012 when the roll is updated. My current credit score is 410 but this has been on the increase for the past 2 months. Would i be eligible for car finance or am i better waiting till after September?

Answer

Hi Nick, if i'm honest you'll be best waiting until you're on the electoral roll. Try your best to save up as much deposit as you can as this will help your chances of being accepted and getting passed for finance. Just one tip - keep all of your current monthly payments up to date from now and also make sure all of your credit is registered in your new address. Regards, Rachel

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Hi Rachel, I am looking to borrow about £7500 to repay back over 5 years. My current Experian Credit score is 578 with some defaults. I'm on the electoral roll and I earn £1300 net per month. I have my own car worth about £600 plus about £500 cash to put down as a deposit. What would you rate my chances at as I am not looking to inflict further pain by applying and ruining my credit further if i get rejected. Regards, Richard

Answer

Hi Richard, the good news is that you're on the electoral roll and you have a decent income. If we can get you approved the £7500 over 5 years with an £1100 deposit won't be a problem. Where else have you applied online? I'll ten be able to give you an honest analysis on whether we can help or not. I'm quietly confident we can as we have lenders who approve people who have defaults etc. Speak soon, Rachel

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Hi Rachel, I have only been employed for 3 weeks, however I did work for the same company 2 years ago, and the job is permanent. I have one payslip so far which states my net income amount. How long would you recommend I wait before I apply? Oh and I haven't applied for finance anywhere else, I'm very cautious not to inflict further damage by applying anywhere at the minute. I also have no recent applications on my file. Regards Richard.

Answer

Hi Richard, in all honesty i'd wait until you have your last 3 months payslips as most lenders will require these. Once you have got your 3 months payslips make an application to us and drop me an email. I'll then take a look at the application myself and try my best to get you approved. Have a good weekend. Rachel

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Hi, I am looking to see if I can get finance for a car. My credit score is 519 however it was less than that previously so it has increased. I do have some old defaults but I am also keeping my other bills up to date currently and paying on time. I should be on the electrol role. I do have a cheap car I could p/x too.

Answer

Hi Julie, if you're currently up to date with payments on all your credit accounts, are on the electoral roll, have a deposit in your part ex and are employed and can prove your income we should be able to get you approved. How much finance are you looking to take out and over how long? Regards, Rachel

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Hello, i am bankrupt from March 2010 and was discharged on the same day 2011. I work self employed and have £1700 per month coming into my account. I have a mortgage which I've never missed a payment on and my experian credit score is 999. I would like to purchase a car and will put down a deposit of £7000 to £8000. Can you help me as I've been thinking of applying but most companies say no due to my Bankruptcy. I haven't applied yet as i ask before i start carrying out searches etc so my credit report is all good. There is only 1 defaulted account on the report and that was included in the bankruptcy for the value of £450.

Answer

Hi Tony, as you only have a small default for £450, a large deposit and an "A" paid mortgage i'm more than confident that we can get you approved for car finance. Also as you can prove your income this is great news too. Just one question - are you on the electoral roll at your current address? If so, please apply straight away and let me know so that i can take a look at your application :-)

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Hi, thank you for your reply. Ok, i am probably looking for credit around £3000 - £4000. I would probably want this over 3 years plus. I work full time and my income is £16,500 plus bonuses makes it around £20,000. I do have some defaults on my credit file but also a few satisfactory accounts in there.

Answer

Hi Julie, thanks for the reply too. From what you have said we should be able to get you approved for the £3000 to £4000 that you need over 4 years and you have a good income too. Please apply when you're ready :-)

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Hi Rachel, I have a very poor credit score of 421 and i also have 1 CCJ of £75 at the beginning of the year. I am looking for car finance of around £4500. What are my chances?

Answer

Hi Shannon, as the CCJ is only for a relatively small amount and the fact that you require £4500 i'm confident that we should be able to do something for you. Do you have a part exchange or deposit and are you employed? Regards, Rachel

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Hi Rachel, I have a credit score of 850 but i have one late credit card payment. I'm on the electoral roll but just about to move, I have a £20k deposit for a £60k car. I have a good income, will I be accepted?

Answer

Hi Guy, yes - there shouldn't be any reason why we can't get you approved as you have such a large deposit. Have you already seen a vehicle that you wish to purchase? Regards, Rachel

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Hi, I am 21 years old and i'm earning £40k a year with an IT company which I joined 2 months ago and I am permanent. I have had a defaulted mobile phone contract and Vodafone has cancelled that one and written £800 debt to me. That was 1.5 years ago and I'm still paying the debts in instalments. However, I have been offered a £500 overdraft by Barclays and also given an £800 credit card by barclays (my bank ) as well. I now want to have a car and needed £5000, I can also put in £1000 - £2000 as deposit but ultimately I would need the difference to 5k for a car. What are my options? By the way my credit score is 615. Thanks

Answer

Hi Ahmed, thank you for your question. With the large deposit and income that you have we should be able to secure you the £5000 that you need with no issues. Please apply when you can. Rachel

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Hi, I have a credit rating of 605 and have one defaulted account of £400 from last year which was settled last year. I have a deposit of £1000, I also make around £1600 - £2000 a month, and was looking at a car around £5000. Do you think I'll have a chance? I am on the electoral roll and all other payments are up to date. I have a catalogue which I make regular payments towards to up my credit score?

Answer

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

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Hi, I have checked experian and i have a credit score of 847. I have one company on there which i did default on but paid it off. No late payments in a year & everything else is satisfactory. I was refused car finance just over a year ago - am I ok to apply now?

Answer

Hi Laura, you now seem to have a good credit score and the fact you have had a clean record for over 12 months will help enormously so i'd say yes. You can definitely apply again for car finance. Regards, Rachel

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Hello, I recently checked my credit score with experian and it was 501. I have never had a default notice against me, or a county court summons. They are mostly due to missed payments from university. I have been working for a year and my annual income is £21k, along with £1k additional income. I have taken steps to improve my credit score such as registering on the electoral roll, and have credit cards with a history of complete payments. When applying for car finance I have a £1000 deposit, but wondering if I would get accepted and what % my repayment would be please. I have only been in full time employment for 1 year, does this affect my chances?

Answer

Hi Thomas, we should be able to get you approved as you have some clean credit, no CCJ's or defaults, a good income and a decent deposit. You're also on the electoral roll. I'd imagine we could get you approved for £5000 to £6000 and the rate you'd pay will vary from 15% to 20%.

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Hi Rachel. I have been thinking about getting a new car in about a month (have to sell mine first). I would like a bmw 3 series with a budget of £18,000. I have an equifax rating of 793 and a call credit rating of 739. My income is only small £1,000 a month. I have a deposit up to £8,000 if i sell my car for £10,000, but i want to use as less deposit as possible. I am on electoral roll and have been in employment for over a year. No CCJs. am 26 years old. what approx rate would it be if accepted?

Answer

Hi Peter, i have a good feeling that we'd be able to get you approved as you're on the electoral roll, have a large deposit and you're employed. The issue is the amount required and the amount you earn. Even though you may well be able to afford the monthly payments lenders may not see it that way. We could potentially get you £6000 to £7000 but £10,000 may be a push. If approved as you have a fair credit rating i'd expect you to pay between 10% and 15%. Rachel

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Hello, I'm 19 and have just passed my driving test and am looking for a car with cheap insurance. I've seen a car for £9000 and the insurance is affordable for me but my credit rating is classed as very poor (440). I have missed payments but this was all because I got into the vicious payday circle which I have been in for 18 months and now on the verge of being debt free. I'm in a job earning just over £1100 a month after tax and would be able to put down £1000 deposit if necessary and could possibly get a guarantor but they wouldn't be a homeowner. Could you help?

Answer

Hi James, we could potentially get you approved as you're employed and have a decent deposit. But due to your age and the fact that you have bad credit we wouldn't be able to secure you £9000. £5000 to £6000 would be the maximum if we could get you approved. I'd also highly recommend applying with a guarantor to strengthen your application. It doesn't matter that they aren't a homeowner :-)

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Hi, I have a car on finance already which I got for my partner. Now it turns out I need one too, my credit rating I think is poor. I work full time earning £21k per annum. I have a car to part ex and £1k cash. I'm looking for £4k to buy the car I have seen, can you help? I am on the electrol role as well

Answer

Hi Patel, from what you have said there is a good chance we can help as you have a large deposit, a good income and you're on the electoral roll. It all comes down to how bad your credit actually is. We'll try our best and we do have numerous bad credit lenders :-)

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I have a credit score of 971, Currently I have just under £1950 debt total. What are the chances I would be Accepted on Finance and how much? My Monthly income is £1480, £550 of that goes on various other bills?Any Chance?

Answer

Hi Dan, as you have a good credit score and decent income we should be able to secure you finance without any issues. How much you'll get depends upon the deposit you have and your monthly budget. Kind Regards, Rachel

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Hi Rachel, I would most likely be able to give a £1k to £2k deposit. I have had 1 or 2 late payments 3-4+ years ago but obviously my debt management has massively improved my credit score over the last 5 years and wondered what the chances of being approved the finance on a £13-16K vehicle would be?

Answer

Hi Dan, with a £2000 deposit we should be able to get you in the region of £10,000 to £12,000.

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I have £1500 as a deposit and am looking to finance around £3000. I have credit score of 619, due to being in a debt management plan. What is the chance of finance?

Answer

Hi Trevor, with an average credit score and a deposit of £1500 we should be able to secure you the £3000 that you need. However, as you have been in a debt management plan that does narrow our options. Please make an application on our site when you get chance. Kind Regards, Rachel

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My credit score is 610 and i am on the electoral roll. I earn £60k / year and would like £10k with a deposit of £2k.

Answer

Hi Lilian, as you have a £2000 deposit and have a large income we should be able to secure you the amount of finance that you need. Please make an application when you get a few minutes :-)

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Hi Rachel, I have debts of about £8,000 and some of these are defaults although I have never defaulted on a car loan. I sold a car last year to help to pay off a credit card. What are my chances of getting any credit? I'm only after a small run around for a few grand. Thanks

Answer

Hi Lisas, we do have lenders who help people that have had defaults in the past and as you have had no defaults on previous car loans i'm confident we can help get you approved for £4000 to £5000. Do you have a deposit and are you employed? Rachel

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Hi Rachel, i'm full time employment. I don't have anything to part exchange but can save what kind of deposit would I need?

Answer

Hi Lisas, thanks for the response. Good to hear you're in full time employment and i'd advise you to save at least a £400 to £500 deposit. As soon as you have this please make an application on the site.

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Hi Rachel, at the end of the month i'll have my last 3 months payslips. My credit rating is now 590 with experian with some old defaults. Can you part exchange cars? And does this count towards my deposit amount? My part exchange is worth about £750. How much more would i need to secure around £7500 over 5 years and what kind of interest rate do you think i'd be looking at? Net income of £1280 per month. Thanks again

Answer

Hi Richard, yes we do accept part exchange cars as deposit and if you required £7500 you would potentially need another £500 cash deposit maximum depending upon what lender we'd get you approved with. Interest rates (due to your weak credit profile) would be around 15% to 20% if we could get you approved. When you have your 3 months payslips please make an application on the site :-)

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Hi there, i wanted to look into car finance and would like to borrow in the region of £6,000 with a part ex. I have never applied for a loan before at the fear of been rejected and it effecting my credit rating. On experian my credit rating was fair, as i was not on the electoral roll, but this has now been sorted, and not having any past loans / credtit. Have i got any chance of car finance being approved?

Answer

Hi Louise, to build up your credit profile you have to start somewhere. You can't be afraid to apply for credit if you need it as having no credit is as bad as having poor credit as lenders don't have any history to base their decision upon. As long as you're employed and are now showing on the electoral roll we should be able to get you the £6000 you require. What is your part ex worth roughly? Do you have any credit whatsoever? So a contract mobile phone, bank loan, mortgage, credit card or store card? Kind Regards, Rachel

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Hi, I'm interested in getting a car on finance. I get paid just over a grand a month but I dot know my credit score. I've got the basics like a phone contract and a tv on hp! But I don't know my credit score - I have about £500 left every month so how much do you think I would be eligible for? Thanks

Answer

Hi Adam, as a sensible guess i'd say you could get £5000 - £6000 but it all depends upon you proving your income and whether you have a deposit or not. We can take a part exchange off you if need be as full deposit. Please make an application and let me know your reference number when you have applied. I'll then get our sales manager to look at your application :-)

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Hi, me and my fiance want to apply for a mortgage. We both earn around £50,000 a year between us and have a £20,000 deposit, however my credit score at the moment is 597 on call credit and he is 5* so he has an excellent one. Will we still be refused a mortgage or will they combine our scores together?

Answer

Hi Becks, as you have fair credit and your fiance has excellent credit you should obtain a mortgage without any issues. You have a decent deposit and a good joint income which they will both take into consideration. I'm mainly a car finance expert but my experience tells me you should be fine. Good luck.

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My score is awful - it's about 100 maybe a bit less (hardly ever had anything) & i had 1 ccj about 2 years ago. What are my chances? I have an income of £1344 a month.

Answer

Hi Stacie, we have a chance if you have a small deposit and if you're on the electoral roll at your current address. What other forms of credit do you currently have and are your payments up to date? Rachel

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Hi, I have a credit score of 614. I'm Employed full time and I receive a salary of £900 after tax per month. I was looking to get a car worth approx £4500 pounds. I do have a deposit for £200. Is it possible to get finance? On my credit file I have a credit card and I make regular payments on that, and mobile phone contracts with a few late payments.

Answer

Hi Ali, with a fair credit score and an average income we should be able to get you approved for finance. Please apply on our site when you get 5 minutes. Kind Regards, Rachel

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Hi Rachel, I am looking to purchase a car for £35,000. My credit rating is 894, no adverse credit in the past. Willing to put down £5,000 deposit. My Monthly income is £1600. I am on the electoral roll. Have a credit card with £500 over draft which is always paid on time. What are the chances of being approved for finance?

Answer

Hi Kas, as you have a large deposit and a good credit record we should be able to get you approved. Please apply on our site when you get 5 minutes and provide me with the reference number. Regards, Rachel

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Hey, My credit score is very low due to defults on my credit file which has left me at a score of 401 which I am paying off. What would I be approved for? I only need about £5000 and have £500 deposit. My income is £1100 after tax.

Answer

Hi Aimee, if approved the £5000 shouldn't be an issue as you have a 10% deposit and enough income to afford the £5000 over perhaps 4-5 years. The first obstacle though is to get you passed for finance and until we've seen your credit history we can't guarantee an approval. We do help people with past defaults so please apply when you have 5 minutes and we'll go from there. Thank you.

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Hi, my experian score is currently 826 (apparently because of a high balance on my credit cards). This is kind of stupid, since I have a 0% credit card that I rationally am not repaying, doesn't mean I'm about to default!) My yearly gross income is £64K. Could I get a car loan of about £15K? At what APR? Or to ask another way, how much would I pay per month for a 4 year loan? Thanks

Answer

Hi George, i'm confident that with your income and credit score we'd get you accepted for car finance without many issues. Have you applied anywhere else and been declined? Do you have a deposit of any kind (cash or part ex) and are you on the electoral roll? If so, please apply and the rate i'd expect you to get would range between 8% and 12% as long as you have a clean credit history. Kind Regards, Rachel

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No, I haven't applied. Want to avoid multiple applications, so my score doesn't drop. (I have a personal loan of about 10k though, it is about 6 months old, does this matter?). I could pay 1 or 2k in cash, does this make a big difference? There is an issue with the electoral roll. I am on it, but I'm moving these days, which means I will have a new address and have to register again. Should I wait until I'm on the roll with the new address? Thanks

Answer

Hi George - good news on the deposit as that will strengthen your case. Where is all your current credit registered? If in your new address get yourself on the electoral roll however, if it's all still registered in a previous address and you're on the electoral roll there apply with that address as you could always change it at a later date. The £10k personal loan is a good thing if you've made all your payments on time. Rachel

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Hi, I have a credit score of 860 which is 21 points short of "good". When I have reached to a good score I wish to get a loan for £16000 over 5 years. What would the APR be please?

Answer

Hi Vicky, if you have a good credit rating and we can get you approved with no problems and the rate you'd expect to pay would vary between 8% and 10%. To borrow £16000 you may need a cash deposit or part exchange - is this possible? Regards, Rachel

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Yes it would be possible, but I would need to know what would be a fair deposit in order to save over a period of three months, by which my score may be 961+. Thanks Ed

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Hi Vicky, you'd need 10% deposit approx - is this possible?

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Hi Rachel, I have a credit score of 563, 3 default accounts totaling £940 and 1 satisfied CCJ Judgment. I'm self employed with an income of £1733, I have roughly £1000 deposit (can possibly be £1500) and my car to p/x. What do you think my chances are of being accepted of a £3500 car loan? Regards Emma

Answer

Hi Emma, as long as you could prove your income with bank statements we should be able to get you the £3500 that you need as you have a large deposit. Please apply when you get 5 minutes :-)

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I have no score due to no credit. I have no ccj's or defaults. I have my own house but i buy out right. If i buy a car what deposit do i need? My house is now worth £450000.

Answer

Hi Mike, do you have any credit at all? Bank account, contract mobile phone, credit card etc? If you have no credit it may be tricky to get you approved but we'll try our best. Typically a 10% deposit is advisable but not always necessary. Have a great evening. Rachel

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Hi, my credit score is 396 - but I have no defaults or missed payments. I have a store card and two credit cards. I have lots of searches on my credit file as I'm trying to finance a car and didn't realise car dealers make a lot of searches - can you help?

Answer

Hi Helen, yes we would love to help and have more lenders on our panel than the average car dealer. Are you on the voters roll at your current address and is this where your current and active clean credit is registered? How much have you applied for and are you putting a deposit down? Regards, Rachel

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Hi - Would I be able to get car finance with a credit score of 709 on experien. I am employed but can not get any finance from any banks etc I have a small deposit and would like to borrow around £4k can you help. Thanks andy

Answer

Hi Andrew, with a fair score of 709 on Experian i am very confident that we can get you approved for the £4000 that you require. Please make an application when you get 2 minutes and supply me with your reference number. I'll then look to have you approved within the hour. Kind Regards, Rachel

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Hi - I am looking to upgrade my work car. I am a self employed landscape gardener and I earn between £1300-2000 a month. My current credit score isnt great (around 600 on experian) because of a couple of slow years workwise but is improving every month! I am looking to get a newer work vehicle and need about £5000 finance to do so. I would be trading in my current vehicle as a part ex (should get £1000/1500 for it) Do you think I would be approved for £5000???

Answer

Hi Simon, as long as you can show 3 months bank statements proving your income then there should be no reason why we shouldn't get you the £5000 you need as you have a good size deposit and a fair credit score. Please apply when you're ready. Kind Regards, Rachel

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Hi, I have a credit score of 444, with no defaults, one missed payment a bit over a year ago and one a month ago (not showing up currently) as I screwed up a direct debit change. I'm waiting to be added to the electoral roll at my current address, which I think has probably harmed my credit score a little. I take home approx. £2000/month after tax. Please can you give me an idea of how likely I am to be accepted for a car loan? I could put down a deposit of between £1000 and £1500 on a new car. Many thanks.

Answer

Hi Rebecca, get yourself on the electoral roll and then we'll be able to help. You have a good income and your credit doesn't seem that bad from what you have said so i'm confident we can get you approved. Kind Regards, Rachel

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I have a credit score of 718 on experian. I have 1 negative factor (no successfully settled non-mail order accounts) but that's probably because I've only had my bank account and my mobile contract for just over a month now. My name will be added to the electoral roll at my address as of 3rd December so i'm sure that will increase my credit score. I want to finance a car of a value of £12-£15k , with a deposit of £6000- £7500. What are my chances after my name name is added to the electoral role?

Answer

Hi Spencer, as you have such a large deposit i'm sure we'll be able to get you approved once you're on the electoral roll. You may need to provide proof of income (payslips - bank statements) so as long as you can do that we should be fine. Kind Regards, Rachel

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Hi, i had a ccj of over £9k which is still on my credit file but is 5 years and six months old. I earn over £39k per year (self employed) i'm on the electoral roll and i've recently been accepted for 2 new credit cards although they have a low limit. (£200 each) . My credit score is 520 on experian. I'm looking at a car for around £6.5k and have a deposit of £3k to put down. What's my chances of being approved?

Answer

Hi Matthew, as your CCJ is over 5 years old and you have such a large deposit i'm very confident we can get you approved for the finance you need. Please apply and let me know your reference number. Thank you, Rachel

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Hi, I have recently tried to lease a car but have been turned down due to my credit report. When I pulled the experian report it said my rating is 956 but I do have a now satisfied default from 2010. I fully paid off the debt via a debt collection agency in 2010, and am now totally debt free. I have added a notice of correction to the report but it seems that this old debt is the reason I have been turned down. If I was to apply for finance would this also affect my chances? If I was successful in getting finance how much could I possibly recieve? I have in excess of £1000 entering my bank account every month. Thank you.

Answer

Hi Catherine, with a good credit profile and a decent income we should be able to secure you between £6000 and £10,000. How much do you actually need? KInd Regards, Rachel

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I am currently a student and i get about £800-900 a month income coming in. I have worked before i went to uni. I wanted to see if i can borrow £5000-5500 but i have a low credit score of 459. I have no missed payments, no ccj's or nothing and i am willing to put down £800-900 deposit.

Answer

Hi Trevor, we do have a chance in getting you approved as you don't have any bad credit and have a decent deposit. Please make an application and we'll go from there. Kind Regards, Rachel

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Hi Rachel, i have made an application. How long roughly till i hear back? My ref number is 206490

Answer

Hi Trevor, it'll be tomorrow AM now. Have a good evening.

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Hi Rachel, I am 25, I have a default on my credit file for a mobile phone contract for approx £125 from the beginning of the year, and everything that is outstanding has been satisfied. I also have a mortgage, 2 credit cards and a store card all of which never had a payment missed on them. Though I have been on the electoral role, I did not vote previously and hence that is also showing as a negative aspect on my file. I can provide proof of address and all additional information required. I earn in the region of £1500 after tax, and am in steady permanent full time employment. I also receive rental income which covers the mortgage for the property I own with a surplus of £200. I am looking for approx £15000, to finance a 05-09 plate range rover sport or Porsche Cayman S. Would I be able to get finance? If so, approximately how much would I be paying a month over the longest period possible? Thanks

Answer

Hi Ady, we'd love to help and i'm confident we can do something as long as you have a 10% deposit (due to the amount you're after). Would this be ok? Also can you prove your income etc and are you on the electoral roll at your address where all your credit is registered too?

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Hi Rachel, I have been trying to secure a loan of £4500 for a car. Sadly due to my foolish youth i have a credit score of 501. I have since worked to improve it, now have a good job with great earning potential. However I was unaware of being on the Electoral Roll to help increase my rating. So although i have not been poor with my money my score doesn't reflect this. I am now working on getting on the Electoral Roll. I have no debts, and no credit cards as I've not had a need for them, but nobody seems to take notice! Is there any advice you can give me? Thanks!

Answer

Hi Scott, get yourself on the electoral roll and get a small balance credit card that you pay off each month by direct debit. That will definitely improve your score. Do you have any active accounts currently that are on your credit report?

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Hi Rachel, thanks for that, I will take that on board about the credit card and look into it! The only open account currently on my credit report is my main bank account. Everything else is settled, and has been for quite some time!

Answer

Hi Scott, we can help people get finance even though they aren't on the electoral roll yet so i wouldn't say applying is a pointless exercise. You do have a chance of being accepted but i can;t guarantee an approval. It's your decision but we'll try our best obviously to get the outcome you need :-)

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No worries thanks for the advice, I will hopefully be applying soon!

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Hi Scott, we can help people get finance even though they aren't on the electoral roll yet so i wouldn't say applying is a pointless exercise. You do have a chance of being accepted but i can;t guarantee an approval. It's your decision but we'll try our best obviously to get the outcome you need :-)

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Hello, I'm looking at getting finance on a new car. I rent a property and know fully well when I have tried to get a tv on finance with my address it will not be approved. However when I use my parents address my previous address I can. What do I do in this situation? Will I register the car at my parents address to get the finance? Many thanks in advance

Answer

Hi Becky, what credit do you have registered still in your parents address and what credit (if any) do you have registered at your new address? Also are you still on the electoral roll at your old address? If so, it may be best applying with your old address however, which address is your driving licence registered too? Rachel

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Hello, Many thanks for your reply, all my credit is at my parents address (my old address) and my driving license is registered there too, I do not have any credit registered to my new address, however I am registered on the electoral register at my new address. I am renting on a short term lease so all of my correspondence and mail still goes to my parents address (my old address) would they allow me to use my parents address? Many thanks, Becky

Answer

Hi Becky, apologies for the delayed response. It would be best to apply in your old address to be honest. You'd have a better chance of being approved :-)

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Thank you for the reply. So would it be okay to do that would that be allowed? Thanks again, Becky

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Hi Becky, yes - that would be ok. If you get approved and the deal goes ahead you can always change the address at a later date. Rachel

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Thanks very much for your help.

Answer

Hi Becky, we should be able to help you. The most important thing is that you are showing intent to improve your credit profile. Please make an application so we can see how we can help. Kind regards, Rachel

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Hi, i have extremely bad credit, i've had several loans in the past due to losing my job. I get refused everywhere for loans, when checking my credit its really bad, but when checking HP its slightly above average. I am looking into getting a car on finance and wondering if this is possible ? I am full time employed with an income over £1500 pcm ??

Answer

Hi Ashley, we'll certainly try and help. The good news is that you're employed with a decent income. Do you have any current clean credit accounts and are you on the electoral roll at your current address? If so we may be able to get you approved. Please apply if you feel ready. Rachel

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Hi, I have a credit score of 760 on experian. I have recently moved home and i have about £11000 worth of debt. Is there any chance i could borrow £11500 (i earn £27000 a year) Regards, Leam

Answer

Hi Leam, would you have a deposit at all? It may be possible depending upon what lender we can get you approved with.

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Hi Rachel, I've seen a car at a local garage im interested in. Its up for £7259 and I have a car worth between £800 and £1000. My credit rating is 734 which i have improved from 560 about 6 months ago. I have recently changed address in the last month or so but was on the electoral roll at my previous address. What are my chances of being approved and at a guess what interest rates do you think i will be paying. Thanks for your time

Answer

Hi Richard, i think we should definitely be able to help as you have a decent size deposit and a fair score. Which address is your current credit registered too? Your new or old address? The rate i'd expect you to get will vary between 12% and 16%. Kind Regards, Rachel

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Hi there, I have an income of around £2200 a month, i'm on the electoral roll, i'm 21 and have a credit score of 567. I have a £2000 deposit for a £9000 car. Could i get the other £7000? Thanks, Tom.

Answer

Hi Tom, apologies for the delayed response. Yes, we should be able to get you the £7000 you need as you have a good income and a large deposit. Please apply on the site when you feel ready. Kind Regards, Rachel

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Hi Rachel, I spoke to you previously, My credit score is 501, I'm looking to borrow £4000. I have no outstanding debts or credit cards and have had none for some time. I am now on the electoral roll, but my credit report doesn't yet show this. I've been told it wont show for a couple of months yet. Is it worth applying just now? Or is it pointless till my credit report reflects my status? Thanks.

Answer

Hi Scott, we can help people get finance even though they aren't on the electoral roll yet so i wouldn't say applying is a pointless exercise. You do have a chance of being accepted but i can;t guarantee an approval. It's your decision but we'll try our best obviously to get the outcome you need :-)

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Hi, I am 22 years old, and finished paying off a car finance of £6000 about 2 months ago, which has updated on my experian credit report. I also have about £2000 left to pay off from a £4000 loan taken out at my bank a few years ago. I have a phone contract which is almost done and also one loan from my other bank where i have £600 left to pay from £1000. I have one missed or late payment out of all of my contracts in the last 4 years. my credit score is 818 on experian. The problem is I have had a high number of searches against me recently, all with rejection. I think its around 5 searches in the last 6 months. I am now on 22k per year and want to get a new car, for around 5 grand. I can put about 1 grand deposit down. The last application i put through was 22nd Nov. How long should I wait to apply for a new loan? Is there anything else I should or can do? How likely is a yes?

Answer

Hi Dann, you are right in saying that credit searches lower your credit score. However here at CarFinance 247 our underwriters will look at your application and only send it to the lenders that we believe it will get approved with, thus avoiding any unecessary credit searches. From what you are telling me regarding your credit profile I cannot see any reason why we wouldn't be able to gain you some form of approval. It would help if you are registered on the electoral roll at your current address as this makes you traceable to the lender. Put an application through and we can see how we can help :)

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Hi, I'm looking to obtain car insurence and I'm a but apprehensive about applying due to the fragile state of my experian score. This currently sits at 565 in the poor catagory, I ran up some debt when I was a student the had to have knee surgery so I was unable to work for a while. I then enrolled on a debt management plan which I can told would avoid defulted account now I have 4 defulted accounts and I'm slowly creeping my score back up. My current salary is £1884 p/m net and I am in need of a new car can anyone help?

Answer

Hi Calum, your credit score doesn't seem too bad, we've seen a lot worse! It is worth making an application so we can see how we can help. However if you do get accepted the rate you pay will no doubt be higher than most as you will be seen the the lenders as high risk. Rachel :)

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I have a credit rating of 795 on Experian, have a default on a loan from nearly 6 year ago, not currently on the electoral roll because moved round quite a bit in the last year. Was looking to borrow £3500 and have a £500 deposit. Earn £400 a week after tax.

Answer

Hi Andrew, your credit score seems pretty fair if I am honest and i'm confident that we can get you an approval. Being on the electoral roll doesn't necessarily guarantee you finance but it can go a long way in helping gain an approval. You may want to get yourself registered on it as it makes you traceable to the lender. The fact that you are employed and have a deposit will definitely go in your favour. It is wirth making an application so we can see how we can help! cheers, Rachel :)

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Hi Rachel. Looking to get finance for a newer car. I have been refused loans in the past due to defaults that I have from a few years ago (£845 and £789). Now I am in a well paid job and I am paying those off. I would have no problem paying back another loan. I am looking to buy a car for around 7-8k and will be selling my current car privately for about £2500. What are my chances of getting approved?

Answer

Hi Graeme, It is definitely possible to secure vehicle finance in your situation. The defaults are not too large although it will definitely go in your favour if these are reducing/settled as it shows intent to the lender. From what you have told me we would be looking to place you with one of our sub-prime lenders and I am confident that we will be able to help you. Please put an application through when you are ready. Kind regards, Rachel

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Hi there, im would like to know if you can provide finance for a bmw 3 series 2.0 conv 04 plate?my credit score is 478 but is due to improve because i just paid off £800 of the £2000 i spent on my credit card.please let me know asap Thanks Elvin

Answer

Hi Elvin, Your credit score doesn't seem too bad at all. We have been able to help customers with much lower scores. With regards to the specific car it would just need to meet the lenders requirements (i.e. age and mileage). Each lender have different vehicle criteria. Please make an application as i'm confident that we can get you accepted with one of our panel of lenders. Kind Regards, Rachel

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I have a equifax credit score of 512. with 2 settled defaults from 2007. My mortgage account has 2 months arrears. I would like to borrow 10k with 5k deposit. Is this realistic?

Answer

Hi Charlene, hope you are well. It is definitely a possibility. We work with many lenders who wil finance people who have previously experienced credit issues. We would need to see an application so we can have a closer look at your credit profle. It will help if you are registered on the electoral roll at your current address. Your deposit may be necessary but there is a chance you may not need one at all. Put an application through when you are ready so we can see what we can do for you. Thanks Rachel

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Hi, I currently have a credit score of 770, no missed payments in the past 6 years but Experian does say I have a negative because i'm using most of my available credit (£1300 of £1500 credit card). Am i likely to be accepted for car finance?

Answer

Hi Shell, Thank you for your question and I apologise for the late response. However I am confident that we will be able to help. Your credit score is relatively good and we have managed to secure approvals for previous customers with much lower credit scores. The important thing is that you are not missing any payments. It will also help if you are registered on the electoral roll. Please make aqn application so we can see how we can help. Thanks, Rachel

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Hi, I have recently got my report off of checkmyfile- experian and call credit my scores are 886 and 876 but my equifax is 456 ? Question is I'm looking to finance about £2000 on a car as I have a deposit and a car , is it worth me doing so or will equifax report be a problem ? Thanks

Answer

Hi Rachel. Credit agencies work differently and have different scoring systems. For example experian and call credit score out of 1000 and equifax out of 500. Thus your credit scores are quite high and I am confident we will be able to help. I would definitely advise that you put an application through so we can see how we can help. Thanks Rachel

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Hi, I have an experian credit score of 710, I have 2 ccjs which were both paid before it got to court, one five years ago and one three years ago, I have three defaults also from five years ago, I have sent settlement letters to registry trust to try and remove ccjs, I have £4500 and would be looking for £6500. I am on the electoral register and am self employed earning approx £20k what do you think my chances would be?

Answer

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

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Hi,i have a credit score of 419,im on electrol roll and will have a part ex of about £4000, looking at finance for £20000. If i do a joint application with my partner,who has a credit score of over 900. Will this increase my chances and % rate?

Answer

Hi Steven, Thanks for your question. Joint applications tend to be stronger and increase your chances of an approval so yes I would advise that you put one through with your partner. We would need to take a look at an application and your credit profile to see what would be the best option for you. Thanks Rachel

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Hi there I have 681 points on check my file also on voters roll and no bad credit I am earning 45k a year want to get a car which is priced at 38k also will put 10k cash deposit so borrow 28k do u think that I will get it

Answer

Hi Waseem. I hope you are well. It is hard to say with regards to the exact amount we will be able to get you approved for without seeing an application. Your creit score is fairly good and I am confident we will be able to help. Please put an application through when you are ready and we will see what we can do for you. The fact that you have a large deposit will definitely help. Kind regards, Rachel

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Hi Rachel. I have a credit score of 506. I have one default of £82 that's 2 and half year old. It didnt show on my report until the end of December 2012 but it was put on in August 2010. Anyway I need a new car and I work full time and have a income of roughly 25000 per year. I have not missed any payments on my credit accounts. I have a part ex work £1000 and a deposit of £1500. Do you think I would be able to get a car loan of 25,000 so with deposit £22,500. over 5 years.

Answer

Hi Phil Firstly I apologise for the late reply. With regards to an approval I am sure we will be able to do something. From what you have told me our best chances of an approval will be with one of our subprime lenders (mainly due to the default and the large advance you require). Please put an application through so we can see how we can help. Thanks, Rachel

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Hi- My credit score is only 245, when I was 18 I was silly and obtained lots of credit I couldn't pay back, I defaulted on lots of payments, in August these will all be paid off via an administration order with the court, I've had no defaults in the last 2/3years, I have a credit card with a low limit that I'm using to repair my credit rating, I'm on the electoral roll and my bank account that I've had for the last 3yrs has always been in the green! I'm in desperate need of a new car, I have a part ex which is only a ford KA 2001, I think I would need to borrow between 5 and 6000 if possible, I earn 23000 a year and work for NHS?? Thank you

Answer

Hi Becky, we should be able to help you. The most important thing is that you are showing intent to improve your credit profile. Please make an application so we can see how we can help. Kind regards, Rachel

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Hi, just wanting expert opinion before I go and damage my file, I'm 21 years old earning £42,000 per year, I am on the electorsl role and have lived at the same address all my life, I have had contract phones and missed a couple of payments, but always paid in full the following month. I currently have £4000 worth of finance on my car which I will have paid off by summer but the car I am looking at next is £17,000,I will trade in my current car (worth around £2000 trade in) and will have around £1000 cash deposit, what is the likelihood I will be accepted for finance? Many thanks

Answer

Hi Andrew, Well you have definitely come to the right place. From what you have told me we should be able to get you approved and as long as you have kept up your payments we should be able to obtain you some of the best rates on the market. Please make an application when you are ready. Thanks, Rachel

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Hi I'm wanting a car on finance but have a credit score of 268 with lots of missed payments and defaults on my credit file plus a ccj which is paid off but still on my credit file. All these were from when I was 18 now I have 2 children and one on way I'd like to have a nice family car but struggling to get car finance anywhere thanks for listening.

Answer

Hi Michael, you would need to make an application so our underwriters can have a closer look at your credit profile. However we do deal with a number of lenders who will finance customers who have experienced past credit issues. As long as you are showing some intent to imrove your credit profile we should be abole to help. Thanks, Rachel

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hi Rachel! ive just found out that i am on the electoral roll, i have one fault on a contract phone from 2010, but did get payed off, everything else is payed up to date 3 contract phones and 2 broadband packages, i will have 1000 deposite ill be looking for 4500-5000, i am on benifits at this moment in time,but i start work again on the 28/02/13, do you think you could get me then 4500-5000?

Answer

Hi John, we would definitely be able to do something based on your credit profile. However you would need to be in some form of employment unless you are receiving PDLA (at least £800pm). I would recommend that you wait a few months if this is possible, I hope this helps. Rachel

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Hi Rachel, i have just been given a project managers role and this come's with car allowance, i would like to lease a car but i have just been on Equifax and my score is 310! witch i know is poor but this is from 3 late payments witch have become a default on a phone contract i had previously had, i was paying monthly when i got the text to say your bill is due and although i paid it immediately this was classed as a overdue payment, also i had a credit card from capital one witch defaulted when i lost a job and i stupidly missed payment for two months but then paid it in full. i have paid my bills on time since and in the clear of issue's for 3 years now, would i be able to lease a car? i have a deposit of £1000 and may be able to do more. I'v been on the electoral role for 2 years and pay all my bills. any help on this matter would be gratefully received. Martyn.

Answer

Hi Martyn, its hard to say without seeing an application and taking a deeper look into your credit profile but we should be able to help. We do deal with most lenders on the market and have been able to help customers in similar circumstances to yourself. Please make an application when you are ready and feel free to supply me with your reference number so i can look at it straight away for you. Thanks, Rachel

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Hi Rachel, I'm looking for 5000£ car finance, I've got 1500£ cash deposit, I've been self employed for 9 months now, I earn roughly 1100£ net/month, however it's mostly cash and I've not been putting as much as that to my bank account( I'll start doing that from this week, I used to pay in around 400£ to my account). My credit score varies depending on agency( Experian 685, Equifax 617, Call Credit 851), I'm on electoral roll and I'm never late with any of my payments. I've got a few credit accounts but I always pay on time and always have been. The only problem is I have 1 default on my file-it was a stupid mistake( I was on a 30 day rolling contract with o2, I stopped using the service and I forgot to notified them about that, then I bought my house and moved there hence I was unable to read any correspondence from them sent to my previous address,I defaulted on 20£ which I immediately settled once I found out about it).I could also get 2 guarantors(both in full time employment) if that's gonna help my application. What are the chances to get the mentioned £5000? Kind regards. Adrian.

Answer

Hi Adrian thank you for your question and I apologise for the late reply. I would advise that you start putting a minimum of £850 in to your account each month (lenders usually require 30-60 days bank statements). If you can put any more in then this will increase your affordability. However if you have somebody who could go on the application with you who is living at the same address and earning over £800-850 per month then we could possibly do something for you now. With regards to the default it is not necessarily an issue. The main thing is that it is settled and will be clear for lenders to see that it was just a mistake. If this is the only issue on your credit profile then we should definitely be able to help. Please make an application when you are ready and we can advise on which would be the best option for you. Thanks, Rachel

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Hi. I have a current credit score of 359 which is very poor through no fault of my own. I've basically had my identity stolen & used to take out serveral payday loans. Wonga & quick quid. I'm in the process of dealing with it however I'm in desperate need of a car... I have a small deposit & don't have a guarantor can I still be accepted for finance & get a car that runs. Thanks.

Answer

Hi Nikita, I am sorry to hear of your situation, however there may be something we can do to help. However you would need to make an application so we can assess your credit profile before we can be sure. Please provide me with your reference number when you have filled one out and I will be able to advise. Thanks Rachel

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Hi, I have a credit score of 940 on experian / 465 on equifax. Never missed a payment but stupidly used one of the payday loans a few months back, will this affect the way lenders view my reliability? I am still looking for a car but wanted to know if you are able to find out what kind of figure I would be able to get? Thanks in advance, T

Answer

Hi Trey. Pay day loans aren't great in the eyes of lenders as you can imagine. However if your credit is up to date then I don't see why we wouldn't be able to place you with one of our lenders. We would need to see an application before we could advise any more. With regards to a figure, some lenders will set this depending on your personal credit profile, others have maximum lends for all customers approved. How much are you looking to borrow? Would you have a deposit to put down? Thanks

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Hi I've got a credit score of 609. I have a £200 credit card and a phone contract which are paid on time. I had one default account on an old phone contract but I've settled the outstanding debt a few months ago. About 5 months ago I applied for a car finance and many lenders each telling me they couldn't help. I know my credit score is poor even though I want to apply for a car finance I'd like to know if there's any point or if I should just wait until my credit score improves? I have a deposit of £1000. Thanks

Answer

Hi Riley, If you have been keeping up to date on any accounts since you last applied for finance then your credit score should have improved. We may be able to help you as we deal with many lenders who will finance customers who have experienced previous adverse credit as long as they are showing intent to improve their profile. It will help your chances if you are registered on the electoral roll. Please make an application when you have 2 minutes so we can see how we can help. Thanks Rachel

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Hi, I am currently trying to get a car on finance at the moment my credit score is 592 (fair) and I am earning £19300 plus bonuses. I am looking for about £7000 for the car but the problem is I am currently not on the voters roll. What would be my chances on getting approved? Thanks

Answer

Hi James, even though you're not on the electoral register we can still help as long as you apply in the address where all your current credit is registered (if you have any). You seem to be on a good wage and not want a huge amount so please apply when you're ready. Rachel

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Hi, I am 19 years old and currently earn £16,000 P/a. I live at home with my parents and my only out going payment is a £35 a month payment. I have a credit score of 851 and i am just wondering how much i would be able to borrow over 60 months for a car i am also on the electoral register and been in my job over 12 months and can provide pay slips

Answer

Hi Thomas, if approved you'd be looking at borrowing £6000 to £7000. Would this be acceptable? Rachel

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Hi, I have a credit rating of 816 without being on the electoral roll so I expect it to rise, also I make over £1100/pm, though when speaking to lenders experts etc they say because I have not had a loan before its hard to tell if I would pay it back, I have direct debits for a phone and gym that have never been missed. Do you think I will be accepted and If so what max amount would I be able to get

Answer

Hi Craig, with a relatively high score i'm confident we could get you approved. As you earn £1100 approx per month we could get you approved for circa £5000. When do you expect to be on the electoral roll? Rachel

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Hi Rachel, i have recently checked my credit score which is at 620 and earn £1350 pcm! I'm looking to get car finance of 6200. Will i be accepted with no deposit or will need to put a deposit down ?

Answer

Hi Kyle, £6200 with a fair credit score and no deposit should be achievable. Please apply when you're ready.

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I have a credit rating of 591. I have a few defaults on my report but I earn £1650 pcm with bonus'. I earned 33k last year. Could I get a loan of £7000? I have £1000 deposit if needed.

Answer

Hi Danni, as you have a good income and a decent deposit i'm confident we'd be able to help. You're score is slightly below average at 591 however, i'm still confident we can help. Please apply when you get a moment. Regards, Rachel

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Hi, I'm 19 years old, have a credit score of 785 on Experian, have a gross annual income of £16000 which gives me about 1250 p/m net, live with parents paying no rent, and looking for car finance of about £3500... If I applied what sort of APR am I looking at realistically? I know my age will have quite a big affect

Answer

Hi Jordan, as you have a good income and aren;t looking for that much finance i'd imagine the rate we could secure you would be between 9% and 12%. Please apply when you feel ready. Applying with a parent as a guarantor would improve your chances too (if that's an option). Kind Regards, Rachel

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Hi, I have poor credit and i have a 567 score in credit Experian. I'm looking for £5000 and I'm working full time. I earn £890 a month & also my wife is working. She can be guarantee on my back up and she is working full time earning more then £1000 . Can I get this money I mean £5000. Thanks

Answer

Hi Eko, we do help people with bad credit and as you're employed i'm confident we can help. Please apply when you have 2 minutes. Regards, Rachel

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Hi have a credit score of 934 and have been rejected by British Gas to change an inherited gas and exlectric meter into a direct monthly bill???, have have also applied to Halifax who i have been with for 15 years for a credit card to boost my ratings and they have said no??? I have no late payments or marks against me why is this?

Answer

Hi Sharon, have you seen your latest credit report? Is there anything detrimental on there? Are you on the electoral roll? Do you have any current credit and is it registered to your current address? Please let me know. Rachel

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Hi, I was made bankrupt 3 years ago due to debts incurred when my father died and we had to cover funeral costs, I believe I am now discharged and my experian rating is 977, I have no loans or credit right now. I don't want to apply for credit and get turned down because I want to maintain my rating. I have a car to p/x and a few hundred pounds to go towards a deposit. I would like to buy a newer car that I can keep for several years and would hope to get finance for around £10000 over 60 months. Is it worth me applying? I would rather not if there is a chance I could get turned down due to my rating. Also the calculator seems very optimistic with repayments of about £70 ppm. Is this right?

Answer

Hi Dave, thank you for your detailed question. Your credit score does seem good but as you have no active credit (and past bad credit) we may struggle. I'm confident we can get an approval but i can't guarantee anything at this stage. Are you on the electoral roll? If so, this further increases our chances. The fact that you have a part ex and cash deposit certainly increases your chances of getting the amount you need. It's your decision Dave but i am quietly confident. That's all i can say now. Rachel

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Hi Rachel, I have a credit rating of 421 yet have 3 defaults worth £1400 which I'm on paying off now. I am employed and would have a deposit of around £500. Would it be worth applying for around £4000 - £5000 credit? Thanks

Answer

Hi Karl, with a score of 421 and a deposit of £500 there is every chance we can get you approved for circa £4000. Please make an application when you get 2-3 spare minutes. Have a good evening. Kind Regards, Rachel

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Hi Rachel, I'm in desperate need of a new car. I have had previous problems which have left me with a stupidly poor credit score of 350 (Experian) but I think this is due to lots of searches coming up a few from insurance and things as opposed to finance as I have been pretty good for the last year and some with lots of green on my file :-) I have a few defaults that are now being paid or satisfied. I have an ok income of over £2000 a month coming in from full time employment, I'm on the electoral role and I am looking for £5000-£6000. I don't think I have a deposit but could scrape together £150 but cannot sell my car until I have a new one due to work commitments. Many Thanks for your help Tom

Answer

Hi Tom, as you seem to be rebuilding your credit, have a decent income and a stable job i'm confident we can help. The £150 deposit would be fine and if approved £5000 shouldn't be an issue. Please apply when you get a spare moment. Kind Regards, Rachel

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Hi, i have bad credit from many years ago that i fear is still haunting me on my file. I am in full time employment and have been working for same company for 12 years. My salary is ok. I have lived at same address for over 32 yrs. Looking for approx £7500. One company already quoted me but APR is 30%!!! Can you beat that?

Answer

Hi Kieran, we'll certainly try and help you out. We do have lenders on our panel that approve people with past credit problems. If your issues were within the last 5 years they will still be visible on your credit profile and you won't get market leading rates unfortunately but i'm confident we can beat the 30% you have been quoted as you have a stable job and residential history. Please apply when you get a few minutes. Kind Regards, Rachel

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Hi Rachel, I've recently checked my credit score on Credit Expert and my rating is 901. I have had bad credit in the past 6+ years ago with a CCJ dropping from my file this month. My file is now clear of all scary marks, but I've had 3 missed CC payments within the last year (DD oversight), but they also show satisfactory. I earn circa £2500 net per month. Would I be able to obtain car finance with these stats? Would have circa £2000 deposit with px & cash.

Answer

Hi Chris, you certainly seem to have a good credit score and as your old debt is over 6 years old that will help our cause. The lenders we deal with will be able to see the missed credit card payments however, i'm confident we can get you approved as you have a large deposit. Please apply when you can. Rachel

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Hi, i'm 18 and I have an Experian credit score of 636. I have been in full time employment for 2 years with £11,000 pa income living at home with parents so no rent to pay. I'm looking for a £5000 loan with maybe £500-£1000 deposit if needed. I have 4 credit accounts all paid on time except once over a year ago. Could I get the money for a car? Thanks

Answer

Hi Dwayne, thank you for your question. I'm confident we can help as you are employed, have a good income, a large deposit and have 4 live active credit accounts. As long as you are on the electoral roll, can prove your income and have a full UK licence we should be able to get you the funds required. Kind Regards, Rachel

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I have a bad credit rating of 374 (trying to get incorrect info removed). I earn £30,000 and am on the electoral roll but if I make an application for car finance through you how many credit searches will appear on my credit file and will I have endless phone calls/letters from debt repair co's calling me trying to offer loans I can't get?

Answer

Hi Jay, to answer your question we conduct a minimum of 1 and a maximum of 3 credit searches when trying to obtain car finance for you. The first credit search is conducted by ourselves to ascertain whether we can get you approved or not. If we think we can we'll then propose you to 2 of our poor credit lenders to get a decision. As you have a good income and are on the electoral roll this will go in your favour. You will not be called by any other debt management companies either. You will only be called / receive a letter f you are approved. Rachel

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Hello, I am self employed and my past credit was a mess. My current experian score says 917. I earn over £3000 a month for months, some months higher than £5000.

I have a car I can part ex (not great condition) and needs body work on one side. I can also have a deposit of £1000 if need be. I am looking for £7500 for a new bigger car, can you get me the credit or am I wasting my time?

Answer

Hi John, thank you for your question.

We can indeed help self employed individuals with past credit issues as long as you can prove your income with bank statements - it's more than likely we'd need to see 3 months worth.

We do have lenders on our panel that help people with poor credit and as you have a large income, decent sized deposit and a good current credit score i'm confident we can help.

Once approved with CarFinance 247.co.uk we provide a no obligation quote and you can choose a car from any dealer nationwide. Kind Regards, Rachel

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My credit score has dropped to 560 and I wanted to get a finance on a car worth £13990.

I am in full time employment and I will be able to put down a deposit of £5000. Will I be able to get help? Thanks

Answer

Hi Oladotun, thank you for your question - we'd love to help.

You seem to have a below average credit score but as you are employed and have a large deposit i am quietly confident we can help get you approved. As long as you have a UK licence, some current clean credit and can prove your income with 3 months payslips we should be able to help.

Once approved you can choose a car from any dealer and we do provide a no obligation quote. Please apply when you can. Kind Regards, Rachel

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Hi Rachel,

My credit score is poor (540 according to Noodle). I've got 3 defaults which I'm paying off and I take home roughly £1500 pcm.

I bought my current car 7 years ago from Car Giant and got finance from them over 60 months which I paid completely - never missing a payment. I have an active account on file which is up to date.

I got an acceptance from Car Giant again but don't want to be 'limited' to where I get my next car from. (They've asked me to come and view cars asap). Could you help me? And how much could I reasonably get?

Should I even apply if Car Giant have given an acceptance? Would not applying for more credit 'damage' me? Thanks.

Answer

Hi Richard, thank you for your question.

As Car Giant have you approved there should be no reason why we can't get you approved too. We deal with over 15 lenders and also ones that help people with past credit problems. Applying with us won't effect your current acceptance or credit score.

Please make an application online now and once approved we provide a no obligation quote and you can get a car from any dealer nationwide. Kind Regards, Rachel

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Hello there,

My credit score is 772 on Experian. I've just got 1 credit account, no defaults and no late payments. I am not on the electoral roll yet.

However, i am sort of new to credit. My address and work history is about 1 year. I recently started my new job, i take home around £1k per month but i can pay deposit of up to £1500. Can you help? Fox

Answer

Hi Fox, thank you for your question and apologies for the delayed response. I hope that you had a good Christmas / New Year!

In answer to your question we should be able to get you approved as long as you have 3 years address history in the UK. Is this the case? If so, great! You also have a decent income, a good deposit and a fair credit score with no negatives so this is why i'm confident we can get you accepted.

If approved we provide a no obligation quote and you can buy a car from any dealer in the UK so please make an online application now. Kind Regards, Rachel

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Hi, i have a credit score of 317 according to Equifax with 2 satisfied defaults over 3 years old and 1 unsatisfied CCJ which is also over 3 years old. I am not on the electoral roll, although i am looking to put myself on there.

I am employed earning £1500 a month take home and could manage a £500 deposit. I am looking to get a car that's roughly 4 years old so would need £8000 over 3/4 years. What are my chances? Thanks in advance

Answer

Hi Shane, thank you for your question.

You seem to have a below average credit score but as your defaults are satisfied and you have a decent income and deposit i'm confident that we can help get you approved for car finance.

We do have lenders on our panel that help people with a less than perfect past so please make an application online and if approved you can buy a car from any dealer. Kind Regards, Rachel

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Hi, I'm 37 years old with a terrible credit score of 230. This was only due to the death of both my parents leaving me with debts and 2 funerals to pay (1 of which I had a CCJ for), before this I had a score of 850+.

I have several defaults (many over 3 years old) and 2 outstanding CCJ's (plus 1 satisfied). I take home £1470 pcm and affordability is no problem (just my credit score/report). I have 3 lines of credit within the last year of which I have only 1 late payment.

I am looking for £3500 over 5 years and I have been in my current job for 15 years also. Can you help?

Answer

Hi Christian, thank you for your question.

The good news is that we do have lenders on our panel who help people with past CCJ's and defaults get car finance so there is a chance we can get you accepted.

As you have a decent monthly income and some recent clean credit £3500 over 4 or 5 years shouldn't be a problem. 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

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Hi, this site seems useful.

I have a credit score of around 200, however i no longer have any debt and am in the process of improving my score.

I want a car on HP with a £1k deposit. HP required of around £11-12k. I earn £2k per month after deductions and have been in this job around 5 years. I'm looking to pay for the car over 3 years, is this possible for me? I have had defaults in the past but never any CCJ's! Thank you.

Answer

Hi Gary, thank you for your question.

As you have a good income, a stable job, a large deposit and the fact that you;re getting your credit history back on track i'd be confident of getting you approved even though you've had past defaults.

Please make an application and once approved we provide a no obligation quote and you can buy a car from any dealer in the UK. Kind Regards, Rachel

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Hi there, I'm 21 and i have a credit score of 724. This is only because i have my laptop on catalogue credit and i used to have a credit card which i missed payments on twice while i had it.

I was just wondering if i would be able to get a car on finance as i asked my bank for a loan (for home improvements) and was declined. I don't want to be embarrassed when I go to get a car and possibly get declined at a dealership. Can you help? Thanks, Bex

Answer

Hi Rebecca, thank you for your question.

Your credit score is slightly below fair due to your missed payments however, i'm still confident we can help. This is because we have many lenders on our panel that help people with less than perfect credit histories.

I wouldn't worry about being declined by your bank as banks can be very picky on who they lend to. Please make an application with us and once approved we provide a no obligation quote and you can buy a car from any dealer in the UK. Kind Regards, Rachel

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Hi, Me and my partner are looking to purchase a car for £6k. As I have only been in the country for 1.5 yrs my partner will have to apply on his own. He has a score of 374 according to Equifax (Fair). What is the likelihood of you being able to arrange finance for him and what is the interest rate likely to be be.

My partner has been in his job for 4.5 years and earns approx £2750 a month. He has 2 small defaults on his credit file from a number of years ago and is currently paying an amount monthly to settle these in order to improve his score. Everything recently is up to date and no missed payments. We also have a Ford Focus worth about £800 to trade in.

Finally if we do make an application do we apply for just the amount we wish to loan, or do we enter on the application the amount plus any deposit part ex that we have.

Answer

Hi Aisling, thank you for your question.

I'm confident we could get your partner approved as he has a decent income, a large deposit and a stable job. We do also have lenders on our panel that help people with fair credit and past defaults.

If approved i'd expect the rate of interest to be between 14% and 18% realistically. When making the application please just place the amount to finance in the relevant box and the £800 for the part exchange in the deposit box.

Please make an application and once approved we provide a no obligation quote and you can buy a car from any dealer in the UK. Kind Regards, Rachel

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Hello, I am looking to get a loan for about £14-15000, to get a new car. My credit score is pretty bad (around 300-400 when I last checked) due to my old job (defaulted mobile phone etc) however i have no CCJ's though.

I am in a much better job now and take home around £2500 - £3000 each month and slowly paying the old debts off. My dad is also willing to guarantor the loan/finance, what chance have I got of getting it? I am hopefully looking to pay between £300-400 a month?

I have already put an application in without hearing anything back. I didn't see where to put my Dad though? Thanks in advance, Jamie

Answer

Hi Jamie, apologies for the delayed response.

As you have a large income and decent monthly budget we should be able to get you approved for finance. The fact that you have no CCJ's also helps and we do have lenders that help people with past defaults.

As you've already applied i'm hoping we've been successful in securing you finance. If not you can make a joint application (with your Dad as guarantor) again on our website. Please provide the reference number to me if this is the case. Kind Regards, Rachel

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Hi there, I have an Experian credit rating of 508.

I have lots of settled finances on my file along with one default in 2008 which is due to come off in June this year.

I have one late payment on a store card account which has now been settled too. I earn £1480 a month and am looking for a £11000 finance. Can you help? Thank you

Answer

Hi Gabrielle, apologies for the delayed response.

As you have a decent income and a recent clean credit history we should be able to secure you car finance. £11,000 may be a stretch but we'll try our best.

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

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Hi, I have an Experian credit score of 868 and need about £9000 to buy a replacement car. I'm on about £1300 per month, live with my parents and am on the electoral role.

I have one defaulted account for about £400 from 3 years ago, I don't know if this will hold me back? Other than the odd missed payment, there's nothing else major there. Do you think I'd get approved for finance? Thanks

Answer

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

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Hi, I'm looking to to apply for car finance. I have an Experian credit score of 860 and have been in my job for over 15 years & am on £45000. I own my own house & am on the electoral roll & have no late payments in the last 12 months.

The car car I'm looking to buy is £20,000. I have a £10,000 deposit but do have a and a settled default from 4 years ago. Can you please tell me my chances of being approved for finance? Thank you, Paul

Answer

Hi Paul, thank you for your question.

As you have a fair credit score, a large deposit, a good income and the fact that you're a homeowner i'm extremely confident we can get you accepted for car finance.

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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Hi, My Credit report score from Experian is 657, i have a CCJ which is paid (satisfied) and due to be removed October 14 and two defaults which are over 12 months old (satisfied).

I would like £9500 with a 1000 deposit for my Nissan Juke. What do you think? Regards, Alex

Answer

Hi Alex, thank you for your question.

As you have a large deposit and due to the fact that your credit issues are over 12 months old i;m confident we can get you approved. The amount you receive will depend upon your income but we'll try and get you as much as possible.

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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Hi, my Experian score is around 420 which has just dropped about 200 points in the last month due to using 80% of my available credit on my credit card.

However, i pay my card off in full every month since i got it 6 months ago. I have a satisfied default that's 1 year 6 months old. I live with my parents and take home around £1350 pm. Would i get finance for a car?

Answer

Hi Jay, thank you for using our Q&A.

As you have satisfied your default, have a good income and some current clean credit in your credit card i'm confident we can get you accepted for car finance.

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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I would like to get a car around the £3000-4000 mark as my current car is on its way out.

I don't have any CCJs but I have some defaults from when my situation was not as good. I now earn £24k and stay up to date with all my bills.

Answer

Hi Paul, thank you for using our Q&A.

The good news is that we can help people with past defaults and as you now have a good income and are up to date with your credit i see no reason why we can't help get you approved.

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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Hi, I have an experian credit score of 649 and on the up as my finances are getting a lot better.

I earn £28k per annum and am looking for approx £5k. Would you be able to help and what sort of interest rate would I be looking at? Thanks for your help in advance.

Answer

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

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Hi Rachel, My situation is; Experian -896, Equiafx - 253. I don't know why difference is so big. I have default and settled account with capital one last year, up to 5 missed payments. All the above was during my self-employed time and lack of work in this particular period. I recently moved, two months ago I was refused credit from car loan 4 you.

Pluses are; all accounts are up to date, employed full time £50,000, no CCj's and I'm on electoral roll.

Tell me please; Do I have chance to obtain £9-12k car loan? If so, will be better if I'll wait another month with application (because carloan4you refusal two months ago) or it doesn't make difference? I look forward to hearing from you. Kind Regards, Maciej

Answer

Hi Maciej, thank you for your question.

Firstly Experian and Equifax do score differently. I believe Equifax may only go up to 500 whereas Experian go to 1000. That's why you're seeing wide differences from the two reference agencies.

The good news is that we do have lenders on our panel that help people with past defaults and missed payments get car finance. We obviously can't guarantee an approval at this stage and as you have recently been declined by Carloan4u we may struggle too. However, as you have recently moved this may be the reason for the recent decline.

As you have a large income, are on the electoral roll and are up to date with your current repayments i'd advise leaving it another month before making a car finance application. This way it'll give time for all your credit to be updated to your new address. Please make an application when you're ready and if 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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Hi Rachel, I currently have an Experian credit score of 800 because I stupidly applied for a loan from my bank which was refused and which brought my score down by 46 points.

I am employed full time and earn £36k per annum. I have some old defaults, 3 of which I have settled recently and 2 more which I intend to settle. I am looking to borrow £12k & I have 3k deposit plus my current vehicle as part exchange towards the new vehicle. I have no CCJ's. Do you think you will be able to assist? Thanks

Answer

Hi Karen, thank you for your question.

As you have a good income, a large deposit and have settled 3 of your defaults i'm reasonably confident that we could get you accepted. As you'll understand we can;t guarantee an approval at this stage but we do have lenders on our panel that specialise in helping people with past defaults.

Please make an application when you're ready and if 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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I have a poor credit rating on Experian (716) due to not being responsible when I was younger and have one defaulted account. I have 2 active credit cards and a contract mobile and i am currently employed earning around £1200 a month. I have £1000 deposit at the moment and was looking for a loan of about 5k . Would this be feasible given my circumstances?

Answer

Hi Wayne, thank you for your question.

Your credit score isn't so bad, and at 716 would be considered fair. We work with a number of lenders that are able to help customers with a fair credit score, so you should be okay on that front.

You also have a regular income and a deposit which will help us find you an approval.

Please make an application when you're ready and if 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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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.

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