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Win your car finance with CarFinance 247


If you win, we'll pay off the finance on your car. It's that simple! Your car becomes completely yours, free and clear.

This amazing offer is open to anyone who has secured car finance with us throughout 2023, including Decemeber 2023!

This means that there's still time to enter, get your finance in December, and you're automatically in!

The lucky winner will be announced the week beginning 5th February 2024 on our instagram page.

Terms and Conditions apply.

Can I Get Car Finance with a Default and Bad Credit?

Hi, I have a couple of defaults on my credit score and I am going through a debt management plan for debts that I picked up a few years ago. However I am now earning good money and I'm making regular payments to this and have never missed a payment for anything else. As i have defaults on my account, will this prevent me from taking out a loan with you? 


January 14, 2021

It is possible to get car finance with a default and bad credit.

At CarFinance 247, we work with a panel of lenders and some of those can provide bad credit car finance.

However, we can’t guarantee that we will be able to help as everyone’s circumstances are different and we’d need to look at your individual details to find out if we can match you to one of our lenders.

Get a quote to find out more. 

Tim Carpenter
Tim Carpenter Car Finance Expert

Liked by 4 People

Get my quote
Rates from 8.9% APR. Representative APR 19.9%




Rates from 8.9%: the exact rate you will be offered will be based on your circumstances, subject to status.

Representative example: borrowing £10,000 over 5 years with a representative APR of 19.9%, an annual interest rate of 19.9% (Fixed) and a deposit of £0.00, the amount payable would be £255.50 per month, with a total cost of credit of £5,329.80 and a total amount payable of £15,030.

We look to find the best rate from our panel of lenders and offer you the best deal that you're eligible for. We earn a commission for providing our services, but this does not influence the interest rate you’re offered in any way.

5 years
Total cost of credit £ 2000
Total repayment £ 2000
48 monthly
payments of
£ 245 98

Rates from 9.9%: the exact rate you will be offered will be based on your circumstances, subject to status.

Representative example: borrowing £25,000 over 48 months, £3,750.00 deposit, on PCP, with annual mileage of 8,000pa, and a representative APR of 11.9%, an annual interest rate of 11.9% (Fixed), the amount payable would be £394.51 per month, an optional final payment of £7,194.33, with a total cost of credit of £9,912.36 and a total amount payable of £28,444.33. 

We look to find the best product from our panel of lenders and will offer you the best deal that you’re eligible for. We earn a commission for providing our services, but this does not influence the interest rate you’re offered in any way.


CCJs, defaults and IVAs related questions

Hi,I completed an IVA about 3 years ago and this is no longer on my credit report. I have managed to get 2 credit cards, one of which is paid off and the other will be paid off in about 3 months. I also have a mobile contact and have not missed a payment

Asked by David M
January 14, 2021

Hi David, as long as you've made every financial payment on time for the last 3 years i'm sure we'll be able to get you approved for car finance. Do you have a deposit as some lenders look favourably on this? Don't worry too much if not as we have access to many lending companies. Lastly, are you on the electoral roll at your current address and can you prove your income? If so, we should be fine. I take it you have a full UK licence too. Please make an application and hopefully we'll get you accepted today. Regards, Rachel

Tim Carpenter
Tim Carpenter Car Finance Expert

Liked by 5 People

Hi, 2 years ago I was self employed and I got into a little financial difficulty. I have 2 defaults (one is settled and paid) the other I am paying per month fine. I have an arrangement to pay loan that will be settled in 6 months (£80 a month). And then

Asked by Daniel
January 14, 2021

Hi Daniel, it's a tricky one to answer without looking at your credit profile. We do specialise in helping people with an impaired credit history and i'd love to help. But we need you to apply so that we can see your credit profile and assess whether any of our lenders would take a chance with you. Hopefully they will as we do have strong relationships with them. Rachel

Tim Carpenter
Tim Carpenter Car Finance Expert

Liked by 12 People

Hi, I have a really poor credit score of 434. I am registered to the electoral roll, have a full time job and earn around £1300 a month. I have 5 defaults, 3 satisfied, 2 outstanding at £345 and £200. I'm guessing I don't stand a chance of getting a new c

Asked by Craig
January 14, 2021

Hi Craig, as your defaults are for small amounts there is a chance we can get you approved and if you were approved the £6000 shouldn't be an issue as you have a decent income and a £1000 deposit. Please apply when you're ready. Rachel

Tim Carpenter
Tim Carpenter Car Finance Expert

Liked by 5 People

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


January 14, 2021

The good news is that we work with a panel of lenders and some of them are able to help customers with a bad credit rating get car finance. This includes people with CCJs, defaults and IVAs, subject to approval. However, we can’t say that we’d definitely be able to help as everyone’s circumstances are different. We need to look at your individual details to see if we can match you to one of our lenders. Get a quote to find out more. Representative APR 31.2%.

Tim Carpenter
Tim Carpenter Car Finance Expert

Liked by 802 People

Hi, I am looking for car finance but have already had one refusal and dont want to keep applying and ruining my chances of getting credit any more. I have a 2005 Ford Transit van, 69000 miles, which I'm looking to PX for a family vehicle of around 8000. H

Asked by Elaine
January 14, 2021

Hi Elaine, A CCJ won't necessarily prevent you from obtaining finance as long as any credit accounts you have are being paid. The main issue I can see is that you are part time. Many lenders require customers to be in full time employment. However we do deal with lenders who would consider you. You would need to make an application so we can see how we can help. Thanks, Rachel

Tim Carpenter
Tim Carpenter Car Finance Expert

Liked by 4 People

Hi, i have a ccj for 1600 from 5 years ago but i have satisfied it about 3 years ago. All of my other accounts are up to date and in the green, including my phone contract, credit cards and catalogue bar one which is a loan from 5 years ago which I defaul

Asked by Craig
January 14, 2021

Hi Craig, Thank you for your question and I apologise for the late response. The good news is we should definitely be able to place you with one of our lenders. It is clear from what you are telling me that you are trying to improve your credit profile. Are you registered on the electoral roll at your current address as this will help yet it is not essential. Please make an application when you are ready so we can see how we can help. Rachel

Tim Carpenter
Tim Carpenter Car Finance Expert

Liked by 10 People

Hi, I have a bad credit history with defaults that aren't yet satisfied. I have just a few months on a loan from my bank to pay off that I have not defaulted on and a store card that I have kept up to date for about 18 months. What are the chances of a ca

Asked by Nicola
January 14, 2021

Hi Nicola, from what you have said it looks like you have some bad credit and some good credit which is better than just bad. What i’d like to know is how much your default is for. If it’s over £5000 we may struggle to get you approved but if it’s under £5000 we may just be able to help. If approved we can also take your part ex off you and get you into a newer car in no time. Please apply and we’ll try our best to get you accepted.

Tim Carpenter
Tim Carpenter Car Finance Expert

Liked by 7 People

Hi, I have a £400 per month for a car allowance with my new job. I have a credit score of 625 and I'm in a debt management plan. I am moving into a new house in June and I'm currently not on the voters role, although I am in full time employment and I am

Asked by Tim
January 14, 2021

Hi Tim, we can potentially get you approved for car finance but as you're in a DM plan would you need authorisation from your creditors? Also not being on the electoral roll does have an adverse effect on obtaining car finance. Where did you apply and get declined and lastly would you have any form of deposit? Rachel

Tim Carpenter
Tim Carpenter Car Finance Expert

Liked by 5 People

I experienced some financial problems in 2009 and as a result have around 18 defaults on my file. I'm currently in payment arrangements with all the creditors. Plus I have a settled ccj from march 2010. Taking all of this into account I manged to get a cr

Asked by Carrie
January 14, 2021

Hi Carrie, it'll be a struggle to be completely honest as 18 defaults is a serious amount. However, as your credit score has improved and you now have some active clean credit it is not a lost cause. As long as you're employed and can prove your income and you're on the electoral roll we have a chance. Please apply when you feel ready? Also would you have a deposit? Kind Regards, Rachel

Tim Carpenter
Tim Carpenter Car Finance Expert

Liked by 4 People

Can't find the right answer?

Our Manchester based team are ready to help you.


* The UK's largest online car finance broker by unique users to the website. Based on Similar Web data – 1,137,647 to CarFinance 247 vs. 753,819 for nearest competitor. January to June 2023.

CarFinance 247 is a trading name of CarFinance 247 Limited. Registered office: Universal Square, Devonshire Street North, Manchester, M12 6JH. Registered in England. (Registration Number 06035525).

CarFinance 247 is authorised and regulated by the Financial Conduct Authority for insurance distribution and credit broking (Firm Reference Number: 653019). CarFinance 247 is registered with the ICO (Registration Number Z1897658).

Finance is subject to status and is only available to UK residents aged 18 and over. Written quotations are available on request.

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