We may be able to offer you bad credit car finance with no deposit. If you have a deposit that you want to put towards the value of your car then we also accept that, however if you are wanting car finance for the total value of a vehicle then we could help you.

We are car finance specialists who support thousands of customers each month with their bad credit car finance needs. Helping them into a vehicle they need and onto a better road ahead.

You can get a quote in just a few minutes to see what your loan could look like with us. From there, our Direct Sales Team will help you with any further steps.

Your credit score is a three digit number which is calculated by using information from your credit report. We’ve written a guide explaining what classes as a good credit score with each of the credit reference agencies.

There are 3 main credit reference agencies (Experian, Equifax, and TransUnion), which will give you slightly different scores based on their own unique calculations.

A bad credit score means different things depending on which credit reference agency you use to look up your score, as each one has its own credit score ranges.

It’s important to understand what your credit score is from all the main credit reference agencies as different lenders will use different credit reference agencies to understand if they should lend to you.

You should also understand what factors affect your credit score so you can avoid any habits that might negatively impact it.

There are three main credit reference agencies in the UK:

• Experian: a very poor score is 0-560, while a poor score is 561-720
• Equifax: a poor credit score is 0-438
• TransUnion: a very poor credit score is 0-550, while a poor score is 551-565.

The above information about credit score ranges is accurate as of June 2023.

Yes, it can but getting a quote with Moneybarn will not affect your credit score. When you ask for a quote, only a soft search will be done on your credit file until you decide to proceed with the loan and contracts are drawn up for you to sign. At this point a hard search will be done on your credit file which will affect your credit score.

Other lenders may conduct a full credit search when you initially apply for a car loan, so make sure you check this before you start shopping around for a car finance provider. Multiple full credit searches in a short space of time can indicate you’re applying for too much credit which may harm your credit score.

No – responsible lenders will always need to do a credit check when you apply. We use a soft check at the point of application. For more information please see our guide that explains why you should be wary of lenders that offer no credit check car finance.

The main types of car finance for people with bad credit include Conditional Sale (which is what we offer), PCP, HP, and leasing.

Our CS finance means that you have full use of the car while you make fixed monthly repayments. Once you make your final repayment, you will legally own the car, without having to pay a nominal fee.

With PCP and HP, there is a fee that you will need to pay to own the car at the end of the agreement. With PCP this is called the ‘balloon payment’, and with HP this is a nominal fee called the ‘option to purchase fee’.

With leasing, you’ll never own the car and will hand it back to the finance company at the end of the agreement.

For more information, see our guide that explains how car financing works, and the pros and cons of each option.

We’re a direct lender which means we could help you even if you’ve been refused by other lenders. Apply today and see if we can help you.

If you have bad credit or no credit history at all, you might have heard of lenders offering sub-prime car finance. A sub-prime car loan is a term used for a loan given to people with bad credit.

Usually, ‘prime’ means people that have good or very good credit scores. ‘Sub-prime’ means people that aren’t ‘prime’, or in other words, have poor, bad, or very bad credit.

It’s important to know that because you have bad credit, you might have a higher interest rate than someone with good credit. The benefits of sub-prime or bad credit car finance, are that it can help you get the car you need to get around. Car finance can build your credit in the long run, as long as you make your repayments in full and on time.