Help & Advice

We're on benefits and have bad credit. Can we get a car loan?

My wife and i are currently looking for a bigger family car. We both have bad credit and do not work.

We are on benefits. Could we get a loan from you?

Andy


Answer

Hi Andy, thank you for your question.

The good news is that we do have a handful of lenders that will consider helping people who have bad credit and are on benefits get car finance.

As long as you have a UK licence and can prove your benefit income with bank statements we could potentially help. If you're on the electoral roll (not mandatory) this would help too.

Please make a joint application and once approved you can choose a car from any reputable dealer and we also provide a no obligation quote. Kind Regards, Rachel

Answer correct as of September 2016

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Representative example. Excellent Credit

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

CarFinance 247 is a broker and not a lender

More related questions

Hi, I am in full time employment but, i am not on the electoral roll and i have bad credit. Is there anyway you could help me? Regards, Shane.

Answer

Hi Shane, thank you for your question and apologies for the delayed response.

As you're in full time employment i'm confident we can help as we do have lenders that approve people with bad credit.

Please make an application and once approved you can choose a car from any reputable dealer and we also provide a no obligation quote. Kind Regards, Rachel

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Rachel Wilson, Underwriting manager

Asset 1 Just get in touch,

we'll try to help Asset 2

Rachel Wilson, Underwriting Manager

Best available rate
Total repayment
Total cost of credit

Best available rate

Total repayment

Total cost of credit

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

Hitatchi

Representative example. Excellent Credit

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

CarFinance 247 is a broker and not a lender