Are you looking for car or van finance but have an adverse credit history? Moneybarn considers applications for people who have defaults and CCJs.
If you’ve previously been refused car finance by mainstream lenders, your credit score is usually to blame. Finance companies use your credit rating to assess your credit history and this helps them to determine whether they’ll lend to you. It’s affected by a variety of factors, which can negatively impact your rating and make it hard for you to get approval.
Making late payments on bills, missing mortgage repayments or taking out lots of credit applications are some of the most common causes of having a poor credit rating. Your rating will also be affected if you don’t have a strong credit profile – so if you’ve not used credit in the past you may struggle.