Mortgage arrears will not stop you applying for car finance. However, they may impact your credit file, which could in turn impact your chances of getting finance. To help you understand more, we’ve written a guide explaining what affects your credit score.
If you’re looking for vehicle finance with arrears we could help. We’re experts at helping those with bad credit, including those with mortgage arrears or missed payments in the past.
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.