No credit check car finance

We’re a specialist lender that accepts those with bad credit, but we’ll always do a soft credit check at the point of application. Our guide explains all you need to know.

No credit check car finance

We’re a specialist lender that accepts those with bad credit, but we’ll always do a soft credit check at the point of application. Our guide explains all you need to know.

Can I get car finance with no credit check?

You might be wondering if you can get no credit check car finance. The answer is no, responsible lenders will always need to do a credit check on you when you apply. This is because a credit check helps a lender to see if you are eligible for finance, as well as making sure that the finance offer is affordable for you.

But, 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) and hard credit checks (which do affect your credit score).

We will only make a soft credit check at the point of application, which won’t affect your credit score. A hard credit check is only done once you decide you want to enter into a car finance agreement with us, and contracts are made for you to sign.

If you’re still unsure, check out our guide on soft and hard credit checks which explains the difference between the two types of credit check.

What credit checks are done when I apply for car finance?

Eligibility for car finance differs from person to person because there are many factors involved. When you get a quote, only a soft credit check is done on your credit file. A lender might do this to check a number of factors, including:

  • 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

As a responsible lender, we do a soft credit check to help 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.

Guaranteed car finance with no credit check

Guaranteed car finance doesn’t exist. Nor does guaranteed car finance with no credit check. 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 in any form, whether that is with a credit check or with no 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.

If you’re looking for bad credit car finance, a specialist lender like Moneybarn may be able to help. We consider applicants with a poor credit history, including those with an IVA or CCJ.

We’ve written a guide that explains why you should be wary of anyone offering guaranteed car finance with no credit check.

Can I get car finance with no credit check?

You might be wondering if you can get no credit check car finance. The answer is no, responsible lenders will always need to do a credit check on you when you apply. This is because a credit check helps a lender to see if you are eligible for finance, as well as making sure that the finance offer is affordable for you.

But, 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) and hard credit checks (which do affect your credit score).

We will only make a soft credit check at the point of application, which won’t affect your credit score. A hard credit check is only done once you decide you want to enter into a car finance agreement with us, and contracts are made for you to sign.

If you’re still unsure, check out our guide on soft and hard credit checks which explains the difference between the two types of credit check.

What credit checks are done when I apply for car finance?

Eligibility for car finance differs from person to person because there are many factors involved. When you get a quote, only a soft credit check is done on your credit file. A lender might do this to check a number of factors, including:

  • 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

As a responsible lender, we do a soft credit check to help 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.

Guaranteed car finance with no credit check

Guaranteed car finance doesn’t exist. Nor does guaranteed car finance with no credit check. 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 in any form, whether that is with a credit check or with no 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.

If you’re looking for bad credit car finance, a specialist lender like Moneybarn may be able to help. We consider applicants with a poor credit history, including those with an IVA or CCJ.

We’ve written a guide that explains why you should be wary of anyone offering guaranteed car finance with no credit check.

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 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 which range your score is in.

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.

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 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 which range your score is in.

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.

Frequently asked questions

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.

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.

Frequently asked questions

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.

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.

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. 

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.

Our application process

It is important to completely understand the car finance agreement that you may be entering – find out more about how a conditional sale agreement works.