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Absolutely! There are 15 fair and bad credit car finance lenders in the U.K. and we are set up to use all of them. Each finance company uses their own credit scoring system and generally, they’re looking for signs of intent to pay credit. If you are struggling to meet your existing financial commitments then you’ll struggle to get accepted for a car loan but if your bad credit is 12 months or more ago then you will stand a chance of getting approved as long as you have sufficient income to pass the relevant affordability assessments.
There is no such product as guaranteed car finance and any finance company that advertises expressions such as ‘Guaranteed Finance’ or ‘Guaranteed Finance Approvals’ are misleading you. All finance providers must complete credit checks as well as affordability checks before they can offer finance.
Pay Weekly Car Finance deal with every fair, bad and very bad credit car finance lender in the U.K. to ensure we offer you the best chance of getting a car finance approval. We search the market using soft searches to also make sure we offer you the lowest possible rate for your personal credit rating.
No. There’s no such thing as No Credit Check Finance. Every car finance provider in the U.K. must complete a credit check in order to offer finance as well as using the information on a credit file to complete an affordability check.
Pay Weekly Car Finance use every fair, bad and very bad credit car finance provider in the U.K. to offer you the best chance of getting car finance approved, whatever your credit rating.
This depends for each customer. If you receive your income weekly then it would certainly be more convenient for most weekly paid applicants, to pay their finance weekly but it also depends what other commitments you have and how often you pay them.
We can arrange pay weekly or pay monthly car finance and it’s down to the customer to decide whether they would prefer weekly or monthly payments.
Quite possibly. All the finance companies we use have their own lending criteria and don’t use the scores offered by credit reference agencies. The only way to know for sure is to fill in our application form and give us 2-3 hours to submit your application to everyone. Don’t worry though, it’s all soft search so there is no impact on your credit rating if you apply with us.
Yes we do. In fact, it’s what we specialise in! We deal with every bad credit finance provider in the U.K. which means we offer the best chance of a finance approval as well as ensuring we offer you the lowest rate available based on your personal credit rating.
I’m afraid we won’t know that until after you’ve applied. All finance companies use their own credit scoring systems so the score you have been given by Clearscore, Experian etc is irrelevant. We only use soft searches though so there is no impact on your score if you wanted to find out.
Yes. There are several fair and bad credit car finance providers that we use that offer benefits only car loans. You must have a full EU or UK driving licence and have income of over £1000 per month in order to apply.
No. These stopped several years ago as it was deemed to be irresponsible lending for finance companies to be able to control the cars of the customers they financed. However, the finance companies that offered this type of loan are still offering car loans and specialise in bad credit, so if you’re simply looking for bad credit car finance then we can help.
We can also settle your existing car loan if you still have outstanding finance.
The only thing you definitely need is a full driving licence. Most fair and bad credit companies run an income check when completing a credit check which tells them whether the income you’ve entered on your application is reflected by your bank. If not, they will either ask for a payslip, open banking or bank statements to prove your income.
Yes. We specialise in no deposit finance and will present all finance approval options to you when we let you know the outcome of your application.
This depends on the finance provider but generally, with most fair and bad credit lenders, the first monthly payment is a month after the date you sign the finance agreement unless you are asked to choose your own payment date during the esign. If you choose to pay weekly, your first payment will come out between 7 and 14 days from signing the finance agreement.
This all depends on your recent credit history and current affordability. If your income/expenditure check or your recent credit conduct shows that you may be struggling financially then none of the bad credit lenders we deal with will accept your application. Whereas, if your last 12 months of credit history looks OK and all your issues are in the past and your income/expenditure check shows a decent amount of disposable income then you have a good chance of an approval.
Yes. The score based on credit reference agencies is less important than what is on your credit file. All finance companies we deal with have created their own algorithms based on the finance they’ve offered in the past. That makes factors such as 1) your bank account being active and not over the agreed overdraft 2) you’re not in current arrears with any loans, credit cards or catalogues 3) you are on the electoral register, more important than the score itself.
No. This is a made up term.
Yes. We deal with every poor credit car finance provider in the U.K. and will submit your application to all of them (using soft searches only) to offer the best chance of a finance approval anywhere in the U.K.
Again, the credit score from your Credit Reference Agency is irrelevant. The finance companies we use complete their own credit search and have their own basis for approving or declining any applications.
