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No credit check car finance

We’re a direct lender that accept people with bad credit, but we will make a soft credit check at the point of application. Our guide explains why no credit check car finance is a misleading claim.

No credit check car finance

We’re a direct lender that accept people with bad credit, but we will make a soft credit check at the point of application. Our guide explains why no credit check car finance is a misleading claim.

Can I get car finance with no credit check?

You might be wondering if you can get no credit check car finance. Car finance with no credit check does not exist. Responsible lenders will always need to do a credit check on you when you apply. This is because a credit check helps a lender check you’re eligible and ensure car finance is affordable for you.

This is a common claim in the car finance industry but it is important to know that it does not exist, and if you see any lender claiming to offer it, you should be cautious. Even though car finance with no credit checks doesn’t exist, it doesn’t mean you can’t get car finance with bad credit.

Although a finance provider will always do a credit check on you when you apply, they don’t always affect your credit score. This is because there are two types of credit checks:

  • Soft credit checks, which don’t affect your credit score
  • Hard credit checks, which do affect your credit score.

Some car finance lenders use a hard credit check at the point of application. This is recorded on your report and will affect your credit score.

When you apply online, we use a soft credit check to assess your eligibility. This does not affect your credit score and doesn’t leave a visible mark on your credit report. Only you can see the record of the soft credit check, and it won’t cause your score to change.

A hard credit check is only done once you decide you want to enter into an agreement with us, and contracts are made for you to sign.

What checks are done when I apply for car finance?

Eligibility for car finance differs from person to person because there are many factors involved. A lender typically uses a credit check to better understand your financial circumstances to make sure finance is affordable for you.

Some of the factors they might check include:

  • Your identity
  • Whether you are on the electoral roll
  • Your address and how long you have lived there
  • How much credit you have
  • Whether you’ve been paying your credit back on time
  • If you have missed any payments
  • If you have declared bankruptcy or defaulted on credit.

As a responsible lender, we do a soft credit check to make sure any vehicle finance we offer is affordable and suitable for your current circumstances.

Before you apply, its worth checking your credit score to get an idea of how likely you are to be accepted. In the UK, there are three main ‘credit reference agencies’ (CRAs):

  • Experian
  • Equifax
  • TransUnion.

Each credit reference agency holds your credit file, but they each use different credit score ranges. Knowing your credit score is one of the things you can do to increase your chances of getting finance.

What is a soft credit check?

Most hard credit checks will stay on your credit report for 12 months, and it is something that affects your credit score. That’s why Experian suggest limiting the number of credit applications you make that use hard checks to 2 or 3 every few months.

We use a soft credit check, which does not affect your credit score. When you make an application, a soft check is done on your credit file. This is only visible to you, and doesn’t affect your score. It helps us understand your eligibility for car finance, and will give you a decision as to whether we can help you.

Only once your application is successful, and you decide to proceed, will we use a hard credit check. This is done at the point where contracts are drawn up for you to sign.

If you’re still unsure, check out our guide on soft and hard credit checks which explains the difference and what you should know.

Can I get guaranteed car finance with no credit check?

Guaranteed car finance with no credit check does not exist. It is often widely promoted in the industry. However, it’s important to know that a responsible lender will never try to sell you guaranteed car finance with or without a credit check.

Car finance companies will make a credit check on you from your initial application. This helps them determine your eligibility for car finance, based on personal factors including credit score and affordability. The lender will have a final say over whether you are approved for car finance, and a responsible lender will never say that their car finance is guaranteed. Nor will they say that you can finance a car with no credit check, or provide a no credit check car loan.

We’ve written a guide that explains why you should be wary of anyone offering guaranteed car finance, so you can be informed.

Guaranteed car finance explained

Can I get car finance with no credit check?

You might be wondering if you can get no credit check car finance. Car finance with no credit check does not exist. Responsible lenders will always need to do a credit check on you when you apply. This is because a credit check helps a lender check you’re eligible and ensure car finance is affordable for you.

This is a common claim in the car finance industry but it is important to know that it does not exist, and if you see any lender claiming to offer it, you should be cautious. Even though car finance with no credit checks doesn’t exist, it doesn’t mean you can’t get car finance with bad credit.

Although a finance provider will always do a credit check on you when you apply, they don’t always affect your credit score. This is because there are two types of credit checks:

  • Soft credit checks, which don’t affect your credit score
  • Hard credit checks, which do affect your credit score.

Some car finance lenders use a hard credit check at the point of application. This is recorded on your report and will affect your credit score.

When you apply online, we use a soft credit check to assess your eligibility. This does not affect your credit score and doesn’t leave a visible mark on your credit report. Only you can see the record of the soft credit check, and it won’t cause your score to change.

A hard credit check is only done once you decide you want to enter into an agreement with us, and contracts are made for you to sign.

What checks are done when I apply for car finance?

Eligibility for car finance differs from person to person because there are many factors involved. A lender typically uses a credit check to better understand your financial circumstances to make sure finance is affordable for you.

Some of the factors they might check include:

  • Your identity
  • Whether you are on the electoral roll
  • Your address and how long you have lived there
  • How much credit you have
  • Whether you’ve been paying your credit back on time
  • If you have missed any payments
  • If you have declared bankruptcy or defaulted on credit.

As a responsible lender, we do a soft credit check to make sure any vehicle finance we offer is affordable and suitable for your current circumstances.

Before you apply, its worth checking your credit score to get an idea of how likely you are to be accepted. In the UK, there are three main ‘credit reference agencies’ (CRAs):

  • Experian
  • Equifax
  • TransUnion.

Each credit reference agency holds your credit file, but they each use different credit score ranges. Knowing your credit score is one of the things you can do to increase your chances of getting finance.

What is a soft credit check?

Most hard credit checks will stay on your credit report for 12 months, and it is something that affects your credit score. That’s why Experian suggest limiting the number of credit applications you make that use hard checks to 2 or 3 every few months.

We use a soft credit check, which does not affect your credit score. When you make an application, a soft check is done on your credit file. This is only visible to you, and doesn’t affect your score. It helps us understand your eligibility for car finance, and will give you a decision as to whether we can help you.

Only once your application is successful, and you decide to proceed, will we use a hard credit check. This is done at the point where contracts are drawn up for you to sign.

If you’re still unsure, check out our guide on soft and hard credit checks which explains the difference and what you should know.

Can I get guaranteed car finance with no credit check?

Guaranteed car finance with no credit check does not exist. It is often widely promoted in the industry. However, it’s important to know that a responsible lender will never try to sell you guaranteed car finance with or without a credit check.

Car finance companies will make a credit check on you from your initial application. This helps them determine your eligibility for car finance, based on personal factors including credit score and affordability. The lender will have a final say over whether you are approved for car finance, and a responsible lender will never say that their car finance is guaranteed. Nor will they say that you can finance a car with no credit check, or provide a no credit check car loan.

We’ve written a guide that explains why you should be wary of anyone offering guaranteed car finance, so you can be informed.

Guaranteed car finance explained

Learn more about credit checks and your score

Learn more about credit checks and your score

What affects your credit score

It’s important to know which factors do and don’t affect your credit score so you can make changes to your habits before it’s too late.

What affects your credit score
What is a good credit score?

There are 3 main credit agencies and they all use different ranges to represent a good or bad score. Check out our guide to see where your score sits.

What is a good credit score
How to improve your credit score

Your credit score can be affected by a lot of things, but there is also a lot you can do to improve your credit score and increase your chances of getting finance.

How to improve your credit score
What affects your credit score

It’s important to know which factors do and don’t affect your credit score so you can make changes to your habits before it’s too late.

What affects your credit score
What is a good credit score?

There are 3 main credit agencies and they all use different ranges to represent a good or bad score. Check out our guide to see where your score sits.

What is a good credit score
How to improve your credit score

Your credit score can be affected by a lot of things, but there is also a lot you can do to improve your credit score and increase your chances of getting finance.

How to improve your credit score

What affects my chances of being approved?

Just because car finance with no credit check doesn’t exist, doesn’t mean there aren’t things you can do to improve your application.

Everyone’s eligibility for car finance is different, and there are lots of factors that may affect whether or not you are approved. There are some things you could do that may increase your chances of getting finance:

  • Register for the electoral roll if you haven’t already
  • Check your credit report with each of the three credit reference agencies (CRAs)
  • If there are any mistakes on your report, get them fixed by contacting the CRA.

It’s also important to fully understand the type of finance before you make an application. We’ve written a guide so you can understand how car finance works and be able to compare the different types (CS, HP, PCP, and PCH) so you can decide which is best for you.

Can I get car finance with no credit scoring?

A credit score is a three digit number that is a summary of your financial history. If you have a poor or very poor credit score, you might be wondering if lenders look at your credit score when deciding whether to offer you car finance.

We use a range of factors to understand your eligibility for car finance. One of these is credit score, but we also look at your credit history to understand if car finance is affordable for you.

Other factors that affect your eligibility include how much credit you have, whether you’ve missed any payments, or if you’ve had a CCJ, IVA, or another financial difficulty in the past.

Any responsible lender will use a range of factors, including your credit score, to make sure finance is affordable before they offer it to you.

If you’re worried about having poor credit, have you considered making a joint application? This is where you apply with another person, and their details help support your application. Find out more about joint car finance.

FAQs about no credit check car finance

It may be possible to get no deposit car finance. Whether or not you will need to put down a deposit depends on a number of personal factors. These include affordability and credit score.

No responsible lender will offer you guaranteed car finance with no credit check and no deposit. Your eligibility for car finance depends on a number of different factors. Our guide to guaranteed car finance explains why you should be wary of anyone claiming to offer car finance with no deposit and no credit check.

No. A responsible dealership or lender will need to check that their agreement is affordable and suitable for you. As part of this, they might do a soft credit check to decide whether you are eligible for car finance.

If you already have a specific car in mind you’d like to finance, we may be able to help! Get a quote today and our team would be happy to guide you into the car you need.

There are a variety of factors that we consider. Your eligibility for car finance depends on your credit score, affordability, and other factors like how you’ve used credit in the past.

In other words, car finance isn’t based on one individual factor. We understand that you might have had difficulties in the past, but that doesn’t change your need for a reliable car to get around. That’s why we consider a variety of factors to ensure any finance agreement we offer is affordable for you.

If you’re ready, our online application form should be quick to fill in and will give you a decision as to whether we can help you get the car you need.

Just because you have no credit history or poor credit, doesn’t mean you can’t get a car on finance. No matter what your credit score is, there will be a lender out there that can help you.

For more information please see our page that explains how bad credit car finance works.

You might not have much of a credit history if you have recently entered the country or you are an expat. For more information, please see our guide that explains whether you can get car finance as an expat. Any applicant needs to have at least 3 years of UK address history to be eligible to apply with us.

What affects my chances of being approved?

Just because car finance with no credit check doesn’t exist, doesn’t mean there aren’t things you can do to improve your application.

Everyone’s eligibility for car finance is different, and there are lots of factors that may affect whether or not you are approved. There are some things you could do that may increase your chances of getting finance:

  • Register for the electoral roll if you haven’t already
  • Check your credit report with each of the three credit reference agencies (CRAs)
  • If there are any mistakes on your report, get them fixed by contacting the CRA.

It’s also important to fully understand the type of finance before you make an application. We’ve written a guide so you can understand how car finance works and be able to compare the different types (CS, HP, PCP, and PCH) so you can decide which is best for you.

Can I get car finance with no credit scoring?

A credit score is a three digit number that is a summary of your financial history. If you have a poor or very poor credit score, you might be wondering if lenders look at your credit score when deciding whether to offer you car finance.

We use a range of factors to understand your eligibility for car finance. One of these is credit score, but we also look at your credit history to understand if car finance is affordable for you.

Other factors that affect your eligibility include how much credit you have, whether you’ve missed any payments, or if you’ve had a CCJ, IVA, or another financial difficulty in the past.

Any responsible lender will use a range of factors, including your credit score, to make sure finance is affordable before they offer it to you.

If you’re worried about having poor credit, have you considered making a joint application? This is where you apply with another person, and their details help support your application. Find out more about joint car finance.

FAQs about no credit check car finance

It may be possible to get no deposit car finance. Whether or not you will need to put down a deposit depends on a number of personal factors. These include affordability and credit score.

No responsible lender will offer you guaranteed car finance with no credit check and no deposit. Your eligibility for car finance depends on a number of different factors. Our guide to guaranteed car finance explains why you should be wary of anyone claiming to offer car finance with no deposit and no credit check.

No. A responsible dealership or lender will need to check that their agreement is affordable and suitable for you. As part of this, they might do a soft credit check to decide whether you are eligible for car finance.

If you already have a specific car in mind you’d like to finance, we may be able to help! Get a quote today and our team would be happy to guide you into the car you need.

There are a variety of factors that we consider. Your eligibility for car finance depends on your credit score, affordability, and other factors like how you’ve used credit in the past.

In other words, car finance isn’t based on one individual factor. We understand that you might have had difficulties in the past, but that doesn’t change your need for a reliable car to get around. That’s why we consider a variety of factors to ensure any finance agreement we offer is affordable for you.

If you’re ready, our online application form should be quick to fill in and will give you a decision as to whether we can help you get the car you need.

Just because you have no credit history or poor credit, doesn’t mean you can’t get a car on finance. No matter what your credit score is, there will be a lender out there that can help you.

For more information please see our page that explains how bad credit car finance works.

You might not have much of a credit history if you have recently entered the country or you are an expat. For more information, please see our guide that explains whether you can get car finance as an expat. Any applicant needs to have at least 3 years of UK address history to be eligible to apply with us.

Refused car finance

If you’ve been suffering with a bad credit history, you’re in good hands. As bad credit car finance specialists, we may be able to help those who have been rejected elsewhere. 

Refused car finance

Car finance explained

Our guide explains how car finance works and the different types of car finance available, so you can choose the option that’s right for you.

Car finance explained

What is CS finance?

It is important to completely understand the car finance agreement that you may be entering before making an application. Find out more about how our CS agreement works.

What is CS finance?

For a better road ahead

Moneybarn is a member of the Finance and Leasing Association, the official trade organisation of the motor finance industry. The FLA promotes best practice in the motor finance industry for lending and leasing to consumers and businesses.

Moneybarn is the trading style of Moneybarn No. 1 Limited, a company registered in England and Wales with company number 04496573, and Moneybarn Limited, a company registered in England and Wales with company number 02766324. The registered address for these companies is: Athena House, Bedford Road, Petersfield, Hampshire, GU32 3LJ.

Moneybarn’s VAT registration number is 180 5559 52.

Moneybarn Limited is authorised and regulated by the Financial Conduct Authority (Financial Services reference No. 702781)

Moneybarn No. 1 Limited is authorised and regulated by the Financial Conduct Authority (Financial Services reference No. 702780)

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© Copyright 2023 Moneybarn Limited
© Copyright 2023 Moneybarn Limited

Representative example: Total amount of credit £10,460. Repayable over 58 months, 57 monthly payments of £351.13. Representative 35.5% APR (fixed). Deposit of £910.55. Total charge for credit £9,554.41. Total amount payable £20,924.96. Subject to status and affordability. You could risk losing your vehicle if you do not keep up payments.