Are you searching for bad credit car finance? This guide will take you through the range of bad credit car loans available from our panel of lenders, to help you secure the best deal for your new set of wheels.
Car loans are one of the most popular forms of lending, with a variety of finance options available. If you have a poor credit file you may have struggled in the past to obtain car finance, but we work with a panel of lenders who offer a variety of flexible loan options.
As a broker we do not offer traditional forms of car finance, instead we can provide you with access to short-term unsecured loans ranging from £100 to £10,000. Depending on the amount you need to borrow, the repayment terms can be set for anywhere from 3 to 60 months.
Whether you are looking to purchase a car from a dealership or through a private trade, you could have the cash in your bank account in minutes*. Unlike car finance options such as hire purchase and personal contract purchase, you will own your new vehicle as soon as you hand over the money.
Little Loans is designed to offer you transparent and quick access to the cash you need at the most competitive rates. We have developed our eligibility checker tool so that you can see if you will be eligible for bad credit car finance loans before you apply. The tool leaves no credit footprint and you will be provided with an instant eligibility result.
By applying for a car loan through a lender which is more likely to accept your application, you save time and reduce the impact on your credit report. If you apply to multiple lenders directly and receive many rejections, it is likely to have a negative impact on your credit file.
As a broker we have excellent relationships with a variety of bad credit car finance lenders, so we are ideally positioned to find you a suitable loan. We understand that access to car finance options is important to everybody, regardless of their credit history. When you apply through our website, we will conduct a soft search of your credit card, which will be used to match you to the ideal lender.
If you decide to continue with the lender you are matched to, they will conduct a hard credit check, but they will also consider factors such as the affordability of the loan when deciding whether to approve your application.
We know how important it is for many people to have access to a car, but if you are struggling financially you should consider whether a car loan is the right option for you. There are companies available which can offer free of charge financial advice, including Money Helper and Step Change. It is important that you consider all options available to you before taking out a new form of finance.
Representative example: Amount of credit: £1000 for 12 months at £123.40 per month. Total amount repayable of £1,480.77 Interest: £480.77. Interest rate: 79.5% pa (fixed). 79.5% APR Representative. We’re a fully regulated and authorised credit broker and not a lender