CAR FINANCE WITH BAD CREDIT
We can still help in most situations.
CAN I GET CAR FINANCE WITH BAD CREDIT?
Your personal Buddy Broker will try their best to help Even if you don’t have a great credit file or have experienced problems in the past, you could still be eligible for car finance through ApprovalBuddy’s panel of lenders. We work with finance partners who are happy to lend based on what your current situation is, rather than what’s happened in the past.
The best way to find out whether you can get Finance with us is to start the application process. Applying doesn’t commit you to anything. We’ll see what’s possible and talk to you about what you can reasonably afford, so you don’t run the risk of further problems. There’s no need to feel anxious about talking about your financial situation. Lots of our customers have struggled with debt in the past, and our team are here to help you, not to judge you. They understand there are all sorts of reasons why people have had money problems.
TIPS FOR APPLYING WITH BAD CREDIT
To improve your chances of being accepted for vehicle finance, you can:
- Catch up on any payments you may have missed on other loans or borrowings
- Pay unpaid defaults or get into a payment arrangement with the defaults that are unpaid
- Offer to provide a deposit for your new loan. It’s not always necessary, but it usually helps to build the lender’s confidence
- Limit the amount of payday loan enquirers you have as this can effect you getting approved
DOES APPLYING AFFECT MY CREDIT SCORE?
When you first apply, we workshop your application to workout if we can help without a credit check. If it’s obvious we can’t help you, we won’t do a credit check or pass your application to a lender, so your credit profile won’t be affected.
If we believe you might be accepted by one of our lenders, we’ll pass your application to the lender we believe best suits your circumstances. They’ll then do a ‘hard search’, which is recorded on your credit file. On average, two recorded hard searches are likely to be done during the process.
It’s important you give us accurate information, so we can match you with the most appropriate lender. If you don’t, your application could go to a lender who wouldn’t consider someone in your circumstances. This would mean unnecessary credit searches and refusals being recorded on your profile.