Bad Credit Car Finance

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Bad Credit Car Finance

Bad credit, poor credit, adverse credit – call it what you will, when it comes to getting car finance a less-than-perfect credit history needn’t be a problem. Regardless of your credit history (which in car finance terms is scored from light adverse to heavy adverse), many car finance lenders will consider your application.

Read the frequently asked questions for bad credit car finance >>

However, some banks and building societies may refuse your application, and some specialist lenders will only give you car finance at very high interest rates, so knowing exactly how to approach bad credit car finance is likely to net you the best deal.

A bad credit car finance loan is not something to be taken lightly, as car finance for a bad credit history is likely to prove more expensive. UK car finance for bad credit is becoming more common, however, with a number of companies offering this type of service. Consumers looking for a bad credit car finance loan should stay aware of the interest rate charged.

How did I get bad credit?

Poor credit can result from a number of personal circumstances, and it can happen to anyone. An increasing number of lenders appreciate this situation, and are prepared to lend to adverse credit car finance customers. Bad credit can be caused by anything, from a missed mortgage, through to a county court judgement, an IVA or a bankruptcy. People with no credit history and the self-employed may also find themselves having problems with car finance applications.

Can I still get car finance with bad credit?

Yes. Fill out the free, no obligation car finance enquiry form below.

More information

For more information, please see the CarFinance.co.uk bad credit car finance FAQs >>