Having bad credit would mean anything from missed payments, to having a poor credit profile because you have not used credit in the past. In some cases it includes motorists that have been bankrupt. Having a low credit score is ok, this does not mean that people with poor credit do not need car finance to purchase a reliable vehicle.
Many people rely on having a vehicle to get to work or a van to do their business. Financible understands this and we have expertise in lending to customers with poor credit score. With each application we consider a range of factors that allow us to help customers who have been refused a car loan elsewhere.
We offer car finance for bad credit customers with no deposit or upfront payments needed. With us, your application is processed immediately and you get your decision in minutes. At Financible, our aim is to offer affordable car finance. We offer a simple way for you to get a loan so that you could buy any car from any dealership.
How to get a car loan with bad credit score
We consider all credit circumstances and our decisions are made quickly. All you need to do is apply online now. Once you’re accepted, our professional experts will contact you to discuss your requirements.
What makes us number one broker for bad credit auto loans?
- Refused car finance – we help our customers with refused bad credit car loans. This means that if you’ve applied and haven’t been successful in the past, with us, you still have a chance of being accepted.
- Any car from any dealer – Once your application gets accepted, you’re free to buy any car from any reputable dealer.
- Same day payout – We can have your application approved, underwritten and paid out same day.
- Yes to bad credit – Get a car loan with Financible even if you have CCJs or IVAs. Apply now for an instant personalised car credit quote.
How do I find out my credit score?
Defaults, CCJs and bankruptcy will all negatively impact your credit score, making it more difficult to obtain any credit. Finance can also be harder to obtain if you have not previously had any credit agreements or you are not registered on the electoral roll. We recommend that you get a copy of your credit file, even if you have not experienced financial difficulties in the past, to make sure it is up to date. A copy of your credit report can easily be obtained online from one of the main credit reference agencies such as Experian or Equifax.
Can I get car finance with defaults or CCJs?
Even if you have a very bad credit rating and several CCJs, there may still be a cost-effective and suitable car finance solution available for you. And even if you are unable to get car finance on your own, in some cases we are able to offer bad credit car finance with the help of a guarantor to get your car loan agreement approved.
Whom we can help?
Applicants with missed payments or defaults
Missed payments can be easily rectified, which means it could well be worthwhile applying for car finance. Our lenders regularly offer car loans to customers with missed payments and defaults that are bringing their credit rating down.
Applicants who have been bankrupt
Legally, you cannot apply for credit for 12 months after bankruptcy and we cannot offer it to you. After you have been cleared from bankruptcy after this period, we’d be happy to consider your car loan application.
Applicants with CCJs
A county court judgment is issued when you fail to make repayments to your creditors. Depending on your exact situation, we can give you several options for car finance, providing your CCJ(s) is 4 weeks or older.
Applicants with IVAs
If you’ve entered an IVA in the past, which is now settled in full, we would be happy to look into providing you with car finance. If you’re still under an IVA, you may be required to get written confirmation to say you can borrow again.
Start your application online to see how Financible can help you.