Motoring for Life logo

Fair Credit Car Finance

Car finance application process at Stoneacre Sheffield

Looking for car finance but only have a fair credit score?

At Stoneacre, we recognise that there are multiple reasons your credit file may be less than perfect, however it shouldn’t stop you from applying for fair credit car finance.

Whilst not bad, fair credit is not good either and if you fall into this bracket the majority of lenders will consider you to be of a moderate risk to lend to.

We take into account individual circumstances and will try our utmost to get you the best possible finance deal. Plus, as we work alongside multiple lenders we can access those more likely to approve fair credit car finance applications.

How does fair credit affect your ability to get finance?


When you make a finance application, lenders will look at your borrowing history to consider the risk you pose should they agree to lend you money. 


So checking your credit history is a good place to start before applying for fair credit car financing.

-How affordable finance is for you


-Missed or late payments


-Check to see if you’re on the Electoral Roll


-Address and employment history

-As a result of missed payments


-Having recently moved house or job or a high amount of debt compared to your current earnings


-It can even be caused by discrepancies on data the credit agencies hold on you, or you provide



  • Lenders will look at

    -How affordable finance is for you


    -Missed or late payments


    -Check to see if you’re on the Electoral Roll


    -Address and employment history

  • A fair credit score can be caused by

    -As a result of missed payments


    -Having recently moved house or job or a high amount of debt compared to your current earnings


    -It can even be caused by discrepancies on data the credit agencies hold on you, or you provide



Get accepted for car finance with fair credit

Whilst we cannot guarantee car finance for anyone, we are proud of our excellent two-out-of-three approval rate for finance applications.


We firmly believe that having a fair credit history shouldn’t mean you can’t get car finance. We work with multiple lenders so can contact those more likely to consider your circumstances.


This increases the likelihood of you getting accepted and enables us to find you the best possible rate.

Stoneacre Derby car keys exchange
Stoneacre Derby car keys exchange

Increase your chances of being accepted


You can also take a few simple steps towards being accepted for fair credit car finance, including:


-Make sure information on your credit file is accurate and up to date


-Repay on time


-Close unused credit accounts to reduce the overall amount of credit available to you


-Register on the Electoral Roll


Finance application process at Stoneacre Chesterfield
Finance application process at Stoneacre Chesterfield

Our process


We’ve managed to help lots of people with a fair credit score find suitable car finance and drive away in the car of their dreams. Simply follow these steps:


1.Fill out our online form. It’s quick-and-easy to complete, and because we only carry out a ‘soft search’ initially, it will give you an idea of whether you will be accepted without affecting your credit score further.


2.Sit back and relax - on average we contact people in less than 10 minutes after receiving an application, which means you won’t be left hanging around for a decision. We aim to make applying for car finance quick and hassle-free.



Finance Disclosure


For the purpose of this promotion Stoneacre is not acting as a lender but as an independent credit broker working with a panel of lenders. A list of these lenders is available upon request. Stoneacre do not charge a fee for an introduction to a finance provider, however, we may or may not receive a commission.


Decidebloom Ltd t/a Stoneacre, Omega Boulevard, Capitol Park, Thorne, DN8 5TX, is authorised and regulated by the Financial Conduct Authority. Our FCA number is 308726. You can verify this by visiting the FCA website or by contacting the FCA on 0800 111 6768.


Loading
Loading