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.

Free Credit Check

Looking to fix your finances or keep a closer eye on your credit? Check your credit score and review your full report for free with ClearScore.

What is a credit score?

Your credit score – or credit rating - is one of the tools that lenders use to decide whether to lend to you. It's a three-digit number that's used to represent your borrowing history and how likely it is that you’'ll keep up with any new loan repayments. Some of the factors that can affect your score are detailed on your credit report. Your credit score isn't fixed and can increase or decrease over time depending on your financial behaviour.

How is my credit score calculated?

In the UK, there are three main credit reference agencies that calculate your score: Experian, Equifax, and TransUnion. It's not an exact science though, and each agency uses different data and a different calculation to form your score. ClearScore use Equifax data to display your credit report and rating.

Why have I been refused credit?

If you've been turned down for credit, it's only natural to ask why. The good news is that there is no credit blacklist and being refused once doesn’t mean you’ll never be able to get credit again.

The reasons why you've been declined depend on the individual lender's policies but here are a few common reasons for refusing credit:

  • Your credit report shows you already have several loans and the lender's concerned you might not be able to afford another one
  • You might not fit the lender's profile e.g. a mortgage lender who specialises in first-time buyers
  • You have never had credit before so lenders can't assess how you would behave as a borrower
  • You have outstanding CCJs, missed or late payments, or an unstable income
  • You change address frequently

Why should I check my credit report?

Knowledge is power. Checking your free credit report regularly can help you see exactly what is affecting your score – good and bad. It also means you'll be able to spot any mistakes quickly and challenge them with the relevant credit reference agency.

With ClearScore, you can check your credit score for free any time, find tips for how you could improve your score, and receive an alert to let you know when anything has changed.

Your credit score can and will change over time. At CarFinance 247, we work with a panel of lenders so that we can look to find finance options for people with a variety of different circumstances. We might be able to able even if you've been refused elsewhere.

Get a free credit report

Check your credit report for free now from ClearScore.

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How it works

* 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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