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Historically, acquiring a car finance loan with a bad credit rating was very difficult because it was seen as too risky by lenders. In other words, a lender would not have the confidence of the loan being paid back in full from an individual with a bad credit rating.
However, there are many reasons why someone could find themselves with a bad or poor credit rating and it’s not necessarily the result of bad money management practices or poor financial planning. And even if this was the case we also understand people can learn to improve given the right help and resources – see our help guide ‘How to improve your credit score’, or our ‘Beginners guide’.
At Creditplus we believe everyone should be treated fairly, and because a car is such an integral part to support people's day-to-day living, we believe everyone should have a fair chance of owning one.
As such, we have a specialist panel of lenders who offer a broad selection of loan options that can help you if you find yourself with an adverse, poor or bad credit rating. Furthermore, we will do our very best with our extensive experience to ensure that you find the right financial agreement that works with for you and your individual circumstances.
Step 1:
Submit your details using our online application form. We’ll then run a Soft credit search based on the information you’ve provided but don’t worry – this won’t affect your credit score. You will then receive an instant decision (Terms and conditions apply. Subject to status).
At this stage you don’t need to have already chosen a car or even know how much you’re looking to borrow.
If you find you have been declined this time, don't worry - we have many resources on a website that will help you get you back on track, see our help guide ‘How to improve your credit score’, or our ‘Beginners guide’.
Step 2:
Once your application has been accepted a friendly consultant will be in touch to discuss your requirements and options. Your consultant will be dedicated to support you throughout the process; they will help you with finding your perfect car as well as ensuring you get the fairest financial agreement that suits your individual circumstances.
Rest assured, all of our consultants are fully SAF trained and Creditplus is registered and regulated by the FCA - this means we must treat you fairly and ensure you get an agreement that works for you as an individual.
Step 3:
Once you have discussed and agreed your loan terms and chosen your car with your consultant, you can then simply sit back and let us finalise the deal and process your car.
Apply now and get an instant decision
With a wide range of lending options specifically tailored to people with bad credit, you could be eligible for car finance – even if you have been refused credit elsewhere.
We also have other options that you could look at, including using a guarantor - for more information visit our Guarantor Loan page.
Apply today to find out if we can help you, without affecting your credit score.
What you need to check your eligibility:
Your contact details
3 years’ address history
3 years’ employment details
If you have bad credit, new car finance may be more difficult to obtain. However, Creditplus work with a diverse panel of lenders to provide a wide range of bad credit finance options and can often help individuals realise their dream of owning a new car, despite their poor credit.
Buying a car with bad credit through a conditional sale agreement such as Hire Purchase (HP), is an ideal option if you want to avoid mileage restrictions, and you want to own the vehicle at the end of the agreement. With HP, the cost of the vehicle is spread evenly across affordable monthly payments, providing an ideal, cost-effective solution to buying a car outright. With Car Leasing, you’re effectively renting the car over an agreed period. Your monthly payments are calculated based on an agreed mileage limit, and at the end of the agreement the car is returned to the leasing company.
Hire purchase is typically more widely available to individuals with bad credit, whereas car leasing is normally only available to individuals with a strong credit profile.
If you’re looking for a car lease with bad credit, or you’d like to discuss bad credit car leasing options, just complete our simple, No-obligation Application form and a car finance specialist will be in touch.
Any reputable lender or broker will always run a credit check before offering you a finance deal. This is to check your affordability, and ensure you’re not over-stretching your finances. Any lender offering no credit check car finance, should therefore be treated with caution, as it’s unlikely they’re acting in your best interest.
Yes. At Creditplus, we don’t just provide car finance. With finance options available for Vans, Commercial Vehicles, Motorhomes and so much more – we can help you get the best deal across almost all vehicle types. Apply Online today to discuss your options with a friendly van finance specialist.
Yes. However, financing a car with no credit history can be a challenge, simply because lenders like to see proof of your ability to manage credit effectively. If you have no credit history, it may be worth considering a Guarantor Loan. With a guarantor loan, a third party - normally a friend or family member, agrees to make the repayments on your loan, if you find you are unable to make the payments yourself. Having a guarantor will not only make you a more attractive lending option, but will also help to strengthen your credit profile for future credit applications.
If you have bad credit, new car finance may be more difficult to obtain. However, Creditplus work with a diverse panel of lenders to provide a wide range of bad credit finance options and can often help individuals realise their dream of owning a new car, despite their poor credit.
Buying a car with bad credit through a conditional sale agreement such as Hire Purchase (HP), is an ideal option if you want to avoid mileage restrictions, and you want to own the vehicle at the end of the agreement. With HP, the cost of the vehicle is spread evenly across affordable monthly payments, providing an ideal, cost-effective solution to buying a car outright. With Car Leasing, you’re effectively renting the car over an agreed period. Your monthly payments are calculated based on an agreed mileage limit, and at the end of the agreement the car is returned to the leasing company.
Hire purchase is typically more widely available to individuals with bad credit, whereas car leasing is normally only available to individuals with a strong credit profile.
If you’re looking for a car lease with bad credit, or you’d like to discuss bad credit car leasing options, just complete our simple, No-obligation Application form and a car finance specialist will be in touch.
Any reputable lender or broker will always run a credit check before offering you a finance deal. This is to check your affordability, and ensure you’re not over-stretching your finances. Any lender offering no credit check car finance, should therefore be treated with caution, as it’s unlikely they’re acting in your best interest.
Yes. At Creditplus, we don’t just provide car finance. With finance options available for Vans, Commercial Vehicles, Motorhomes and so much more – we can help you get the best deal across almost all vehicle types. Apply Online today to discuss your options with a friendly van finance specialist.
Yes. However, financing a car with no credit history can be a challenge, simply because lenders like to see proof of your ability to manage credit effectively. If you have no credit history, it may be worth considering a Guarantor Loan. With a guarantor loan, a third party - normally a friend or family member, agrees to make the repayments on your loan, if you find you are unable to make the payments yourself. Having a guarantor will not only make you a more attractive lending option, but will also help to strengthen your credit profile for future credit applications.
Your application only takes a couple of minutes and won't affect your credit score.
That's why we're rated 9.1/10 on Trustpilot
Jonathan Cross
Martin Dear
James Daniel Forrest
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