Can I get vehicle finance with a CCJ?
Some specialist lenders like Moneybarn can approve car, van, or motorbike finance for an individual who has a CCJ against them, or is:
- In part-time work
- Has a poor credit rating due to having missed a credit card payment in the past
If you’re unsure if you are eligible for car finance, contact Moneybarn today and we can help.
How to avoid receiving a CCJ
If you find you’re struggling to make your repayments, speak to a free debt adviser. They can help you make an offer to your creditors and explain the options available to you.
Usually, you should be able to come to some an arrangement that allows you to go on making payments you can afford and avoid court action.
Make your loan repayments on time and pay off your debts early if you can. This shows lenders that you’re a sensible borrower. If you’re using savings to pay off debts, make sure you keep enough cash in an easy access savings account for emergencies.
How to check if you have a CCJ
CCJs can stay on the Register of Judgements, Orders and Fines for 6 years. At the end of this period or if you pay yours off within a month after being issued, the judgement is removed. To check for details of any judgements against you, gov.uk has some advice on checking for CCJs.
Managing your budget
When you have had credit issues it is more important than ever to ensure that you have a regular income. This may mean that you need reliable transport to get you to work, or even to allow you to earn money. Unfortunately, your CCJ may affect your ability to easily access finance.
We understand that keeping to your monthly budget is essential. We can not only help you to access car, van or motorbike loan if you have a CCJ, but will also work with you to find a monthly repayment that is affordable for you. Use our car finance calculator to find the type of car that you could finance with Moneybarn.
You may find that you are in an unexpected circumstance whereby you need a car or van to continue to earn money, perhaps for work. In this case, your CCJ may prevent you from getting the finance that you need to get on with your everyday life.
At Moneybarn, we understand that living affordably is key, especially if you have a CCJ. To that end, we ensure that all car finance agreements are suitable for you, and that the terms and length of your repayments make sense for you and your life.
How to apply for a vehicle finance loan with a CCJ
To understand how Moneybarn can help with bad credit car finance, or if you have a CCJ, contact us or apply online for finance today.