Don’t let bad credit stop you getting a car
If you know you have bad credit, you shouldn’t let it stop you living life to the full. You still need to work, to live and to thrive. If you have been refused a car loan before, we can help!
We work with specialist lenders who are more sympathetic to modern life than traditional lenders. They appreciate that people find themselves in trouble through no fault of their own and accept that sometimes things can get a little too much.
They also accept that a black mark on a credit history or a low credit score does not mean you’re not a good borrower.
How bad credit impacts car loans
Bad credit scores are an indicator that someone has had issues in the past or are in the process of building their credit score.
Your score is a measure of how good a borrower you are in the eyes of lenders. It is not a measure of how good a person you are or how good you are with money. That’s why the lenders we work with can look beyond just your credit score.
They appreciate that things happen. That life is not always fair and that anyone, with any background can find themselves with bad credit through no fault of their own.
Those with bad credit will pay a higher interest rate than those with good credit and the pool of available lenders may also be smaller as a result.
We can still find you a great deal on a car loan though. Whether it’s a bad credit car loan or something else, we can help.
What you need to get a bad credit car loan
You need to be able to afford the repayments and make every payment on time. Qualifying criteria for car loans is the same whether you have good or bad credit.
You need to pass affordability checks, have a sufficient debt to income ratio (the amount of debt you have compared to income) and have proof of your income and identity.
We can work with you to assess how much you can comfortably afford to borrow and what car loans you’re likely to be able to access. We can even help you with your loan application so it stands the best chance of success.
If you need a new car for work, the school run or something else, don’t let bad credit stand in your way. Work with us and we’ll have you on the road in no time!