Bad Credit

If you have ever defaulted on a loan, been issued a CCJ or missed payments, you more than likely have what we call Bad credit.

Your credit worthiness is calculated by credit reference agencies, and they collect all the data from lenders you apply for loans or other types of credit through. If you struggle to make payments and eventually slip with repaying your credit, the lender will convey this back to the reference agencies and a mark will be made on your credit file as bad credit, which is what lenders look at to see if you’re their preferred type of customer. These marks are what lead to bad credit.

Another reason you might have bad credit could be a high amount of credit searches on your file in a short period of time. Every time you apply to a lender for credit, your file is marked with a search. If you apply to multiple places in a short space of time, it could be seen that you're credit hungry and lenders will be less likely to give you the credit you’re asking for. You should always look for companies who advertise “quotation credit searches” or "soft credit search", as these searches don’t leave footprints on your credit file or result in bad credit history. Creditplus are currently the sole car finance company to conduct soft credit searches. So why not fill out our simple no-obligation application form, and see what we can offer you. 

Factors which can contribute to bad credit

  • Missed payments
  • Defaults
  • CCJs (County Court Judgements)
  • Being in an IVA
  • Being in a debt management programme
  • Bankruptcy
  • Being in arrears with your mortgage


Having bad credit can be tough, but it is possible to fix it with a little forward planning and common-sense reasoning. Creditplus can still provide car finance to those with bad credit, so fill out our simple no-obligation application form and see what we can offer you!

To find out more information about what can contribute to a bad credit profile, visit our dedicated bad credit car finance page.

Got a question for us?

If you require further assistance, our team of Customer Advisors are here to help. We're open six days a week - you can view our opening hours here - and we're more than happy to answer your questions.