Refused Car Finance because of bad credit

refused car finance bad credit

Refused car finance because of poor credit

If you have a low, poor, bad credit, no credit score whatsoever or been refused for a car loan from other finance companies, don’t worry i could still help. Many of our finance lenders specialise providing finance solutions for people with bad credit needing a car loan

Car finance is never guaranteed, as the criteria for a car loan depends on your personal circumstances – factors like your age, employment, monthly income amount of money you are looking to borrow, your credit history and your current credit score.

If you have defaults, CCJ’s, previously been bankrupt, have an IVA we may still be able to help you obtain an affordable car finance solution. 

We have loan options available for a wide range of personal circumstances, including for those that have CCJs on their file, are in an IVA or have previously been bankrupt (now discharged). See: Iva, defaults & CCJ’s

Having a regular, basic income is something our lenders will look to see from any finance applicant. This can come from a range of employment types, for example we can help if you are self-employed, a part-time worker or an agency worker.

We can offer no deposit car finance, but if you do have a deposit or a part-exchange available, you can use this to reduce the total amount borrowed (subsequently reducing your monthly repayments).

Even if you have been declined for a car loan elsewhere (such as from a bank, a car dealership or even another car finance broker), the good news is that we do work with lenders that specialise in bad credit car finance, so still may be able to help.

Remember, though, that the repayments are still your responsibility and if you default on them your credit rating will be adversely affected and future borrowing become still more difficult.

At Socialmotors, it isn’t just a car that you can finance! We can offer finance on vans, motorbikes and motorhomes too.

Application process

Make an application online

Apply now or call us, one of our experienced advisors will take some basic details for our lenders to review. If approved you will be offered a credit limit for your new car.

Choose your car

Once you have your credit limit, one of our advisors will assist you in choosing your new car from our showroom – we have over 1000 vehicles available in group stock, at this stage you will be able to discuss your needs and establish the car you want.

Documents and Delivery

We will now prepare your new car for delivery and get it to you usually within 48 hours, giving you a free 12 month comprehensive warranty & 12 months MOT. Once your car arrives, if your happy you sign your finance documents.

Application Criteria

Do you meet the hire purchase car finance application criteria?

To be eligable for car finance all you need is to…

  • Be aged 18 or over
  • Hold a full UK/EU driving licence
  • Be UK resident for 3 years
  • Have a Full time, part time job, be self-employed
  • Not bankrupt

Please note: if your income is 100% benefits you must be in receipt of a high rate benefit like DLA or PIP to apply for bad credit car finance.

What our customers think…

Scott Royle
Scott Royle
20:54 22 Feb 19
Really happy with my car and great service car delivered by a really nice bloke and everything felt very personal
Gayle Eaton
Gayle Eaton
12:33 01 Aug 17
Very good service very happy
kim summers
kim summers
13:30 13 Jun 19
Received my new car yesterday..... delivered all the way to Hull..... the gentleman who delivered it was very polite.....A big shout to David for all the hard work and patience finding me a nice car...... I am absolutely thrilled with it........ I would thoroughly recommend this company to anyone, David was very friendly and was helpful through the whole process from beginning to end and would hesitate to recommend this company to my family and friends, thank you 😊
See All Reviews Write a review