Poor credit
car finance

Car Loans | CarFinance 247
Get a quote
No impact on your credit score
Rates from 6.9% APR. Representative 19.9% APR
Car Loans | CarFinance 247
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Trustpilot 4 Half Stars
4.6 out of 5
5 years
Total cost of credit £ 2000
Total repayment £ 2000
48 monthly
payments of
£ 245 98

Representative example: borrowing £6,500 over 5 years with a representative APR of 32.7%, an annual interest rate of 32.7% (Fixed) and a deposit of £0.00, the amount payable would be £204.85 per month, with a total cost of credit of £5,791.21 and a total amount payable of £12,291.21.

Need car finance but have a poor credit history?

If you are looking for car finance but have a poor credit history, the good news is that we are specialists in arranging car loans for those that have previously been refused.

No matter what your financial circumstances, we will try to help even if you have had mortgage arrears, CCJ’s or other payment defaults in the past. Perhaps you are self-employed? Or maybe you have no credit history at all?

This is not always a problem. And while no one is guaranteed to get finance, at CarFinance 247 we are sympathetic to people who have experienced financial difficulties or are unable to get a loan for one reason or another

Even if you are in a debt management plan or have an IVA, we can still try to help. We believe that past financial difficulties shouldn’t hold you back in terms of getting what you want. We also believe that just because you have a poor credit rating, you shouldn’t have to pay over the odds if you are accepted for car finance and, in most cases, no deposit is required with a no obligation quote also being provided.

We have long standing relationships with many car finance providers who specialise in loans for those with poor credit, so even if you’ve been rejected elsewhere you stand a great chance of getting accepted for a loan.

How to get car finance with a poor credit history?

Some people mistakenly believe that if they apply for numerous loans at once, they are bound to get accepted for one. This is a misconception, however, and could actually damage your credit rating further.

Every time you apply for a loan, a note is put on your credit file. When deciding whether to approve you for any type of credit, what is on your credit file in terms of your financial commitments, current status and financial history, is one of the major considerations of a lender.

Lots of applications suggests that you are financially desperate, which will make a lender more likely to refuse your application.

That is why it makes sense to use a specialist such as ourselves.

Our service is easy to use and takes all the hassle and worry out of applying for a loan. Once your application is accepted, we even handle the administrative side of things too – the hardest thing you have to do is choose your car!

Here is how our service works:

  • Simply complete the application form
  • If approved, the amount you can borrow will be discussed with your account manager
  • Now for the exciting bit! Choose the vehicle of your choice from any reputable dealer
  • Once you’ve found your dream car, give us all the details and we’ll do the rest!
  • You’ll receive some paperwork to sign and return to us and once we’ve done our final checks, you can collect your new car - it couldn’t be simpler!

Here to help

CarFinance 247 are here to help. We pride ourselves on giving a first class service in terms of the products we offer and a friendly, yet professional, customer service.

We are here to make sure the whole process goes as smoothly as possible. We will guide you through the whole application process right through to when you collect your car.

We also offer a number of products to help protect you and your vehicle, such as optional warranties and GAP insurance. (Please speak to your account manager about these if you are interested).

We even offer advice on how to repair your credit rating so you will not be turned down for credit in the future.

Why use CarFinance 247?

We are a car finance specialist that has access to many products and a wide panel of lenders. This means we're able to offer finance options to poor credit customers that suit their individual circumstances.

We are specialists in finding the car funding solution that is most appropriate for you, quickly and simply.

Do note that we reserve the right to refuse an application if we feel it is not in your best financial interests.

Get in touch

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* The UK's number one online car finance broker by unique users to the website. Based on Hitwise data – 1,746,657 to CarFinance 247 vs. 666,020 for nearest competitor. January to December 2019.

96% of our customers recommend us: † Based on feedback left on independent review site Reviewcentre. May 2019.

CarFinance 247 is a trading name of CarFinance 247 Limited, a credit broker and insurance intermediary, and 247 Money Group Limited (247 Money), a lender. Both companies are part of the 247 group of companies.

CarFinance 247 is authorised and regulated by the Financial Conduct Authority under reference number: 653019. Registered office: Universal Square, Devonshire Street North, Manchester, M12 6JH. Registered in England. Company registration no. 06035525. Data Protection Registration Number Z1897658.

247 Money is authorised and regulated by the Financial Conduct Authority. Registered office: Universal Square, Devonshire Street North, Manchester, M12 6JH. Registered in England. Company registration no. 10989530. Data Protection Registration Number ZA456831.

All finance is subject to status and income. Written quotations on request. CarFinance 247 can introduce you to a limited number of finance providers, including 247Money, based upon your credit rating and will receive commission for such introductions.

† We do not charge a fee for arranging the finance, however some of our lenders may charge a fee. Your account manager can provide more information on this

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