A CCJ is a County Court Judgment, which is a type of judgment that exists in UK that can be granted against you if you fail to repay any credit that you owe. If you have a County Court Judgment against you, or have clearly encountered difficulties in the past in meeting your debts and managing loans and credit, you may have been refused an application for a car loan.
The good news is that here at CarFinance Plus we’re experts in CCJ car loans and we generally approve finance for an customers who got a CCJ against them, including those who have bad credit rating due to having missed a payment in the past.
Even if you have been refused a vehicle loan in the past, the first step is to decide how much you need to borrow and over how long a period of time – this determines the amount of your monthly repayments.
Despite the likely reaction of many lenders, here at CarFinance Plus, we are still likely to secure you the loan you are seeking – thanks to our partnership with a panel of specialist lenders who are prepared to help customers with CCJ’s.
With the information you provide to us, we are able to assess the chances of your success in getting a loan with one of our selected finance providers for those with CCJs. This is called a “quotation search” or “soft search” and is an important step in any finance application process, but especially important if you have a CCJ against you.
When we make a quotation search to assess the likelihood of your application for car finance being successful, we ignificantly reduce the chances of your formal application being rejected. Rejection of any application for credit is something that almost certainly leads to still
further damage to your credit rating – so is something to be avoided.
Only once we are happy that your personal circumstances – and the result of our soft search – suggests success, then we connect with one of our specialist lender in order to make your formal application for car finance.