DON’T worry if you have been refused credit elsewhere - you're not alone. Around 60per cent of cars sold on finance are now sold to people who cannot get credit through the normal banking system.
Many lenders decide who to lend to depending on their credit score.
This means if you do not have a perfect credit history, they will either refuse to give you a car loan – or charge you more for a loan because you are seen as a bigger risk.
But some lenders are NOT concerned about your credit score. Lenders like The Car Finance Company – the UK’s biggest provider of adverse credit car loans – make their decisions based upon your current situation.
As long as they are satisfied that you have enough income to meet your payments going forward you will be provided with a car loan.
This enables millions of people to buy used cars on finance each year. Many lenders accept that it is common for people to have a bad credit rating, often through no fault of their own. This means we can get you finance in most situations:
- Rent Arrears
- Mortgage Arrears
- HP Arrears
- Full-time or part-time employment
- HM Forces
- No Deposit