Poor Credit Car Finance

Check if youare eligible

Get approved risk-free with Stoneacre's soft search

Stoneacre Durham Exterior and Cars

If you’re putting off applying for car finance because you’re worried about your poor credit history, then don’t be!

At Stoneacre, we understand there are many reasons you may need to apply for poor credit car finance. Whether you’ve missed payments in the past, have CCJs, have little or no credit history or are self-employed, we can help!

We strive to ensure that everyone can afford the car they deserve regardless of poor credit. Stoneacre works with a range of specialist lenders who can offer poor credit car finance in a variety of different circumstances. So while we can’t guarantee finance for anyone, we have an impressive two-out-of-three approval rate for finance applications.

How does poor credit affect your ability to get finance?

Having a poor credit history doesn’t mean that you can’t get finance

However, some lenders may be less likely to offer car finance to people with poor credit. When you apply for finance, lenders will look at your borrowing history and will consider these factors:

- A mortgage

- Credit cards or other loans and how much is left to pay on these

- Whether they can find you on the Electoral Roll

- Whether your address and employment history match what's on the proposal

How applying to lots of different lenders affect your credit score...

Many people believe by applying to lots of different lenders they are more likely to get accepted.

However, this is not the case; multiple rejected credit applications can work against you as they give lenders the impression you are applying for credit without due consideration.

Also, every full search done reduces your current score and also your chances of being approved.

Applying for poor credit finance with Stoneacre

When you apply for poor credit car finance with Stoneacre you can sit back and relax as we do all the hard work for you, even if you had difficulties in the past, such as bankruptcy, IVA and others. We work with a wide-variety of lenders which allows us to carefully select the lenders more likely to consider your circumstances.

The lenders we work with are more likely to consider how affordable finance is to you now, which makes the likelihood of acceptance greater. Plus, with multiple lenders at our fingertips we will find you the best possible deal for your circumstances.

We begin by doing a ‘soft search’ which doesn’t reduce your score, it simply tells us the best lenders to use for your score which reduces the number of searches done.

Our car finance process:

We’ve helped plenty of people get poor credit financing so why not find out if you’d qualify by filling out our simple form (with no effect on your credit score!).

It’s easy to complete so will only take a few minutes. We won’t leave you hanging about either, our average turnaround time between receiving an application and contacting you to complete the process is under 10 minutes.

Manage your credit score in these simple steps:

  • Credit Report

    Review your credit report regularly to make sure information is accurate and up to date and fix any discrepancies on the file.

  • Repayments

    Don’t miss any credit repayments as it can badly impact your credit score and make it more difficult to take out credit in the future.

  • Close credit accounts

    Close any unused credit accounts as having a large overall credit limit may put some lenders off lending you more money.

  • Electoral Roll

    Make sure you’re registered on the Electoral Roll, as it takes less time to confirm your personal information, the application will progress quicker.

Representative Example

Cash Price£11,500
47 Monthly payments£219.24
Amount to Finance£11,500
Total Interest Payable£2,459.28
Total Amount Payable£14,757.28
Option fee (Included in TAP)£399
Term48 Months
Rate of Interest (Fixed)4.25%
Miles per Annum6000
Excess Mileage Charge6.0p per mile

We are a credit broker and a lender. We can introduce you to a limited number of lenders and their finance products. We will provide details of products available, but no advice or recommendation will be made. You must decide whether the finance product is right for you. We do not charge you a fee for our services. Lenders may pay commission to us (either a fixed fee or a fixed percentage of the amount you borrow) for introducing you to them, this may be calculated in reference to a variable factor such as (but not limited to) the vehicle age, your credit score and the amount you are borrowing. Different lenders may pay different commissions for such introductions.