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CCJ car finance

Having a CCJ can make it harder to get approved for car finance. We’re a specialist lender that considers applications for car finance with a CCJ.

CCJ car finance

Having a CCJ can make it harder to get approved for car finance. We’re a specialist lender that considers applications for car finance with a CCJ.

What is a CCJ?

A CCJ (County Court Judgment) is a type of judgment that exists in England, Wales and Northern Ireland that can be granted against you if you fail to repay any debts that you owe. Your debtors are required to issue you a warning letter 14 days before a CCJ is issued, to let you know that you need to repay what you owe or they will pursue legal action.

The judgment will state a deadline for repayment and outline how much you owe and how you will need to pay it. CCJs are kept on your credit record for six years, even after you have paid off the amount, and having one on your record can make it difficult to obtain car finance.

Can I get car finance with a CCJ?

Having a CCJ on your credit file can make it harder to get car finance. If you’re dealing with bad credit because of a CCJ, you might have been refused for car finance by mainstream lenders. In that case, a specialist lender like Moneybarn might be able to help.

What is a CCJ?

Can I get car finance with a CCJ?

To get car finance with a CCJ, you’ll need:

Monthly earnings over £1,000 (after tax)
To be aged between 21 and 70
A full valid UK driving licence
2 consecutive months of payslips or bank statements

We can provide finance as long as the car meets our lending criteria:

Priced between £4,000 – £25,000
Maximum of 120,000 miles on the clock
No older than 15 years at the end of the agreement

To get car finance with a CCJ, you’ll need:

Monthly earnings over £1,000 (after tax)
To be aged between 21 and 70
A full valid UK driving licence
2 consecutive months of payslips or bank statements

We can provide finance as long as the car meets our lending criteria:

Priced between £4,000 – £25,000
Maximum of 120,000 miles on the clock
No older than 15 years at the end of the agreement

What your loan could look like

Purchase Price?

Repayment term?

Your credit score is

Summary

Monthly payment: £000.00
Total to repay: £00,000.00
Calculated APR: 00.0%

Representative 33.5% APR

Get a quote

What your loan could look like

Purchase Price?

Repayment term?

Your credit score is

Monthly payment: £000.00
Total to repay: £00,000.00
Calculated APR: 00.0%

Get a quote

Representative 33.5% APR

I knew I had poor credit down to a CCJ. Moneybarn made me feel like a human being again, not only because they gave me a chance, but they also treated me with respect. I’ve never had anything but great service from them ever since.

Natasha

How to avoid 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 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.

Should you end up with a CCJ there are a few ways you may be able to get it ‘set aside’. These include if the judgment has been paid before the court date, or if you are able to repay within one month of the CCJ being issued.

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 a reliable vehicle to get you to work. Unfortunately, your CCJ may affect your ability to access vehicle finance.

We understand that keeping to your monthly budget is essential. Not only can we help with CCJ finance for a car, van or motorbike, but we will also work with you to find a monthly repayment that is affordable for you.

If you are able to fully pay the CCJ more than a calendar month after the judgment date, you might be able to apply to have it shown as ‘satisfied’. Having a CCJ marked this way looks better on your credit file but might still leave a long term effect until after six years when it will no longer appear.

We understand that living affordably is key, especially if you have a CCJ. To that end, we ensure that our car finance agreement would be suitable for you, and that the length of your repayments make sense for you and your life. If you’d like to find out more about how our finance agreements work, check out our car finance explained guide.

How to apply for car finance with a CCJ

You could start by using our car finance calculator to get an idea of what your agreement might look like, based on how much you are looking to borrow over a time period that suits you. The calculator will show you what your monthly repayments might look like so you can see how it might fit into your personal budget. Or, if you’re ready, you can get a quote today.

We’re proud to offer car finance across the whole of the UK, including Northern Ireland. Even if you have a CCJ and are looking for finance, we may be able to help. See some of the many locations we offer car finance.

When you ask for a quote, we only use a soft credit search on your credit file. This doesn’t affect your credit score. A hard search is only done if you decide to proceed with the loan and contracts are drawn up for you to sign.

How to avoid 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 an arrangement that allows you to go on making payments you can afford and avoid court action.

Managing your budget

How to apply for car finance with a CCJ

Refused car finance

We work to help out people who have been refused car finance elsewhere, looking at a range of criteria and trying to provide bespoke car finance offers to meet their needs wherever possible.

Our application process

We use a soft credit search which means you’ll get a decision, and it will have no effect on your credit score. The search will only show on your credit file if you take out an agreement with us.

How to improve your credit score

Having a CCJ on your credit file can affect your credit score, and make it harder to get approved for finance. We’ve put together a handy guide on some things you could do that may improve your credit score.

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)

Representative example: Total amount of credit £10,451. Repayable over 58 months, 57 monthly payments of £341.17. Representative 33.5% APR (fixed). Deposit of £929.41. Total charge for credit £8,995.69. Total amount payable £20,376.10. Subject to status and affordability. You could risk losing your vehicle if you do not keep up payments.