If you have a bad credit rating, it is possible to get car finance approved. At Get A Better Car, we deal with every bad credit car finance provider in the UK and through our experience over the years, we have identified the most important factors in obtaining a bad credit car finance approval.
1. Registering to vote
By registering to vote, finance companies are able to see that you are registered at a particular address, this helps them to determine your stability in a particular residence and gives them more confidence to lend money. Some finance companies will decline all applications that are not on the electoral register.
2. Catch up any arrears/get within your credit limit/overdraft limit
If you are currently in arrears with your credit, or over your arranged credit/overdraft limits, this is a major red flag to finance companies that ‘now is not a good time’ for them to lend money to you. If you get caught up and wait for your credit file to reflect this, finance companies will see that you are in a stronger position now and will give more consideration to your application.
You can find the information about your active credit by registering with Credit Karma
3. Wait at least 30 days since your last application
Even though most finance applications are soft search and leave no footprint on your credit file, it is still a good idea to wait at least 30 days before making another application. The reason for this is that most finance companies will automatically decline any application that they have already declined in the last 30 days without looking at the application again.
Besides, it generally takes a month or two for any change you make (catching up arrears, paying off old debts) to reflect on your credit file, so it is always sensible to wait and also check your credit report before applying to give yourself the best chance of an approval.
4. Pay off your debts
Although a lot of finance companies will eventually stop pursuing you for bad debt when they realise that there is a slim chance they will get their money back, the information stays on your credit file for 6-years and finance companies will see defaults where the amount owed hasn’t changed, as a lack of intent to pay credit back and this will reduce your chances of being approved.
The more historic your debt, the better chance you have, and generally speaking, most finance companies are looking for the last 12-months to be relatively problem free.
There are several car dealers in Derby that offer car finance, but none that specialise in bad credit car finance in Derby. The top rated dealer that comes up when searching for bad credit car finance in Derby is Get A Better Car, based in Bramcote, Nottingham. With an average of 4.7 stars from over 180 reviews, they have demonstrated their ability to obtain bad credit car finance loans for customers since 2017.
So, whether you have defaulted on credit in the past, fell behind with your payments, or received CCJs, there is still a chance of getting Car Finance with Bad Credit in Derby.
Fill in the car finance application below to check your eligibility. We only use soft search so there is no impact on your credit rating. Choose which car you want from the dropdown.
Lauren Seals
9 hours ago
Fast friendly and reliable so happy with my new vehicle would highly recommend
Karen Owen
a month ago
Excellent service, Maddie is so helpful and professional, Applied for my car on a Saturday afternoon, collected it Monday morning! Super fast service and would recommend to anyone! AAAAA*****
Louise Hardy
a month ago
Excellent service sold my car within minutes and for the price agreed over the phone no issues with trying to reduce the price thank you Claire
Katie Upton
a month ago
This is my second car I have night from the team. Thanks so much for a hassle free experience. A special thank you to Maddie who made me feel at ease all the way through and always on hand to answer any questions I had. See you again in a couple of years or so!
Andrew Garden and maintenance
a month ago
Very helpful kept me updated the car is perfect and as described very happy with purchase of Nissan juke
Nigel Tonks
2 months ago
Duncan was very polite and helpful, over the phone or in person, Duncan answered all of my questions with confidence, witch gave me confidence when buying from him, the prossess was very easy and quick, I've ended up with a great family car thanks to get a better car Would recommend get a better car Thankyou Duncan and the team at get a better car
Courtney Berry
2 months ago
Bought my first ever car recently. From the start till the very end the service was immense. They held my application until I passed my test, they were lovely when I passed and progressed this further. From the moment I signed the contract to delivery at my address in Manchester it took 1 week due to the delivery company’s availability. The car is perfect condition and everything I have ever wanted. Their communication is quick. Will be back for my next car. Thanks so much x x
MunkyFace
4 months ago
What an amazing company from start to finish it was an amazing smooth transaction the staff are so friendly and helpful applied for the car on a Tuesday afternoon and picked it up Wednesday morning would have been quicker but my partner and I both had to work on the Tuesday night, from the moment we entered we were made to feel at home. if I could give more than 5 stars I would. Cheers guys from Kelly and Ben
Emeka Osigwe
5 months ago
I have been driving for the past 20 year, this shows that I have bought mutiple cars , I just bought one from your company yesterday and I would be very happy to.buy more. Chris, you were so simple and down to earth from the start of the transaction even until now and your simplicity is a great huge success to the company, your management are a top notch and your cars are super amazing. Like I have promised you that I will recommend more people to you and I must say your services are the best in the whole of UK, you guys are super best. Thank you once again
bhm1712
a year ago
Easily the most straight forward car purchase I’ve ever done. Popped in on a Saturday afternoon after seeing the car advertised on Auto Trader, realised it was viewing by appointment only - gave them a call and the sales lady came within 5 minutes - even with absolutely no notice from me. Had a test drive in the car there and then. Took the rest of the weekend to decide if I was going to buy it or not….rang Monday and agreed to buy. Picked the car up as soon as I could afterwards. Sorting out the paperwork was hassle free. Drove away in my new car perfectly happy, less than 15 minutes after arriving to collect. There was no hard-sell from the sales team. I felt absolutely no pressure from them to buy the car that Saturday afternoon after the test drive and they were more than happy to leave it at that when I said I wanted to “think about it”. Very pleased with everything. The car is absolutely perfect so far.
Mark Bowmer
6 months ago
Excellent experience with this company. The sale and handover was professional and kept up to date with progress and communication was great. Both Chris and Duncan was very helpful with a repair that needed doing under warranty, understanding and dealt with very quickly, providing a courtesy car and advised to check the repair was to standard before driving away. Highly recommended. Thanks guys.
Yvonne Towle
7 months ago
Great company. Great experience. Great range of car's to choose from. They found me a finance company willing to take me on with bad credit, with a low monthly rate. Chris who dealt things for me, was brilliant. Enjoyed my test drive. From start to finish, it only took around 5 days. I would definitely recommend GET A BETTER CAR to my family and friends, which I have done. Thanks so much Chris, I'm really enjoying my new car. 😁
