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
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.
If you apply for car finance with Creditplus, then this will not affect your credit score. We carry out what’s known as a soft credit search on your credit report. This means we can take a look to see what options you have available without negatively impacting your credit report.
Apply for car finance with Creditplus to get a free no-obligation quote on the options available. You can find out if you will be approved for car finance, how much you will be able to borrow, and get answers to any questions about car finance with bad credit.
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 are applying for bad credit car finance, then the amount of interest you are going to be charged is likely to be higher. This is because finance providers assess all customers based on how much of a risk they are to lend to. If you have a bad credit score, you are going to be seen as more of a risk.
One way to lower the cost of your monthly repayments is to use a bigger deposit at the start of the agreement. This will reduce the amount of money you borrow in total, also reducing the amount of interest you will be charged.
Another way to reduce monthly repayment cost is to increase the length of your bad credit car finance agreement. That will divide the total cost into more monthly repayments, bringing the cost down.
Taking out a finance package and successfully paying off your debt is a great way to increase your credit score. So if you take out a car finance agreement and meet all your repayments without any issues, then you are demonstrating that you can be trusted by a lender to pay back any money borrowed. This will help you go from a bad to a good credit score.
However, missed payments will negatively affect your credit file. So you need to ensure that the total amount you borrow and the cost of the monthly payments is within your budget. If you have taken out a package and have missed payments, speak to your finance provider to see what assistance you can get.
For more advice on how to improve your credit score, visit our help and advice section.
It’s always a good idea to take a look at your credit report before you apply for any form of finance. There are many different credit reference agencies who will provide you with a free credit report based on your financial history. Take a look online and see where your current credit rating is at.
If you spot any incorrect information or issues on the report, then contact one of the credit reference agencies to let them know. You may need to provide evidence showing that the information is incorrect. But by repairing your credit report, you’ll be able to improve your credit score and get a better finance package.
When you apply for bad credit car finance with Creditplus, we’ll compare lending options from a wide panel of different finance providers. This allows us to see as many different bad credit finance options as possible, including those from specialist bad credit finance providers.
In general, some products such as Personal Contract Purchase (PCP) are not available to those with a poor credit history. Hire Purchase could be the best option. Firstly because it’s available to those with a less than perfect credit history. But also because it divides the entire cost of the finance package into fixed monthly payments. That means you can budget each month to ensure you are able to afford the cost. Ideal if you are taking steps to repair your credit file.
The car you get with a bad credit car finance will solely depend on how much you can afford to borrow. Even with a low credit score, you will still be able to find a wide range of makes and models to choose from.
Have a look at some of our make and model pages below to get more information on what cars you can look at financing with poor credit.
If you have been turned down elsewhere because of a poor credit history, that doesn’t mean you can’t find a package. We compare finance options from a wide panel of different lenders, including specialist poor credit and bad credit finance providers.
So if you have poor credit history, you can still apply with us and see what you might be able to borrow.
If we are unable to find a bad car finance package for you, then it’s a good idea to be proactive and take steps to improve your credit report. There’s plenty of advice online and over in our help and advice section.
It may take some time for you to move from a bad to a good credit score. What you must not do is apply at lots of different places in a short period of time. This can signal to finance providers that you are “desperate” for credit, which can be a sign that you will be unable to make your monthly repayments. That can lead to your credit rating going down and becoming even worse.
No reputable car finance provider will guarantee you can get a car finance package. Whether you have excellent credit, good credit, poor credit or bad credit, you will still need to have your credit file checked by a finance provider before any decision is made.
A car finance company has an obligation to carry out affordability checks on all their customers, to ensure taking out a bad credit finance package does not put them into a difficult financial situation. So if any provider offers you guaranteed car finance, be wary - they may not be fully approved and regulated by the FCA.
Remember, applying for poor credit car finance with Creditplus does not affect your car credit file. So you can apply and speak to one of our customer advisors without any obligation to go through with the deal.
There are no restrictions on how you can use a car on a bad credit car finance package. The only restrictions you may encounter are on a PCP or leasing deal, where you have to satisfy certain annual mileage limits and condition requirements. But those with an excellent, good, or poor credit rating would have to fulfil those same conditions.
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.
If you apply for car finance with Creditplus, then this will not affect your credit score. We carry out what’s known as a soft credit search on your credit report. This means we can take a look to see what options you have available without negatively impacting your credit report.
Apply for car finance with Creditplus to get a free no-obligation quote on the options available. You can find out if you will be approved for car finance, how much you will be able to borrow, and get answers to any questions about car finance with bad credit.
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 are applying for bad credit car finance, then the amount of interest you are going to be charged is likely to be higher. This is because finance providers assess all customers based on how much of a risk they are to lend to. If you have a bad credit score, you are going to be seen as more of a risk.
One way to lower the cost of your monthly repayments is to use a bigger deposit at the start of the agreement. This will reduce the amount of money you borrow in total, also reducing the amount of interest you will be charged.
Another way to reduce monthly repayment cost is to increase the length of your bad credit car finance agreement. That will divide the total cost into more monthly repayments, bringing the cost down.
Taking out a finance package and successfully paying off your debt is a great way to increase your credit score. So if you take out a car finance agreement and meet all your repayments without any issues, then you are demonstrating that you can be trusted by a lender to pay back any money borrowed. This will help you go from a bad to a good credit score.
However, missed payments will negatively affect your credit file. So you need to ensure that the total amount you borrow and the cost of the monthly payments is within your budget. If you have taken out a package and have missed payments, speak to your finance provider to see what assistance you can get.
For more advice on how to improve your credit score, visit our help and advice section.
It’s always a good idea to take a look at your credit report before you apply for any form of finance. There are many different credit reference agencies who will provide you with a free credit report based on your financial history. Take a look online and see where your current credit rating is at.
If you spot any incorrect information or issues on the report, then contact one of the credit reference agencies to let them know. You may need to provide evidence showing that the information is incorrect. But by repairing your credit report, you’ll be able to improve your credit score and get a better finance package.
When you apply for bad credit car finance with Creditplus, we’ll compare lending options from a wide panel of different finance providers. This allows us to see as many different bad credit finance options as possible, including those from specialist bad credit finance providers.
In general, some products such as Personal Contract Purchase (PCP) are not available to those with a poor credit history. Hire Purchase could be the best option. Firstly because it’s available to those with a less than perfect credit history. But also because it divides the entire cost of the finance package into fixed monthly payments. That means you can budget each month to ensure you are able to afford the cost. Ideal if you are taking steps to repair your credit file.
The car you get with a bad credit car finance will solely depend on how much you can afford to borrow. Even with a low credit score, you will still be able to find a wide range of makes and models to choose from.
Have a look at some of our make and model pages below to get more information on what cars you can look at financing with poor credit.
If you have been turned down elsewhere because of a poor credit history, that doesn’t mean you can’t find a package. We compare finance options from a wide panel of different lenders, including specialist poor credit and bad credit finance providers.
So if you have poor credit history, you can still apply with us and see what you might be able to borrow.
If we are unable to find a bad car finance package for you, then it’s a good idea to be proactive and take steps to improve your credit report. There’s plenty of advice online and over in our help and advice section.
It may take some time for you to move from a bad to a good credit score. What you must not do is apply at lots of different places in a short period of time. This can signal to finance providers that you are “desperate” for credit, which can be a sign that you will be unable to make your monthly repayments. That can lead to your credit rating going down and becoming even worse.
No reputable car finance provider will guarantee you can get a car finance package. Whether you have excellent credit, good credit, poor credit or bad credit, you will still need to have your credit file checked by a finance provider before any decision is made.
A car finance company has an obligation to carry out affordability checks on all their customers, to ensure taking out a bad credit finance package does not put them into a difficult financial situation. So if any provider offers you guaranteed car finance, be wary - they may not be fully approved and regulated by the FCA.
Remember, applying for poor credit car finance with Creditplus does not affect your car credit file. So you can apply and speak to one of our customer advisors without any obligation to go through with the deal.
There are no restrictions on how you can use a car on a bad credit car finance package. The only restrictions you may encounter are on a PCP or leasing deal, where you have to satisfy certain annual mileage limits and condition requirements. But those with an excellent, good, or poor credit rating would have to fulfil those same conditions.
“Here at Creditplus, we understand that trying to get bad credit car finance can be frustrating. We don’t believe that a bad credit rating should prevent you from taking advantage of the benefits of a car finance package. That’s why we work with a wide panel of different, specialist lenders, to provide as many finance options as possible for our customers."
“Just because you have a bad credit rating, or have been refused credit elsewhere, that doesn’t mean you can’t qualify for bad credit car finance. Every year, we help hundreds of customers with adverse credit find an affordable finance package."
“Apply online today, and a member of our friendly team will soon be in touch to discuss your options. Whatever questions or concerns you have about the process, we’ll be ready and waiting to help guide you and answer any questions you have."
“So if you have been considering looking for a bad credit car finance package, get in touch today.”
The Creditplus Customer Care Team
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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