Assuming your credit profile is
Representative example - Borrowing £5,500 over 4 years with a representative APR of 19.8%, and a deposit of £0, the amount payable would be £162 per month, with a total cost of credit of £2,282 and a total amount payable of £7,782.
We partner with the UK’s trusted car finance lenders, so that you get the most suitable car loan quotes from across a huge choice of deals.
If you’re aware that you have a poor credit history (also known as a poor credit score), then don’t despair.
Very large numbers of people are in the same position.
Broadly speaking, if you have a poor credit score, then the immediate effects are likely to be:
The logic here is simply that potential lenders may see you as a higher risk for something such as a car loan, than people with a stronger credit score who might be eligible for products such as good credit car finance.
If you have a poor credit score, the good news is that there are some things you can do to improve things. However, there are two key messages to begin with:
Here are a few very real things you should consider doing though — and they might help you improve your credit standing:
Above all, don’t presume that your poor score is attributable to errors or misunderstandings. Such things are moderately unusual though worth checking. In practice, only by changing your behaviours will you drive an improvement in that credit score.
Don’t forget — whatever your credit score, we at CarFinance Plus might be able to help you to secure that poor credit score car loan.
Why not call us for a further discussion?
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