Absolutely. At My Car Funder, we see your credit score as just one piece of the puzzle. We help clients with poor credit find the most suitable financing options available.
You deserve a new start, and at My Car Funder, we look beyond just your credit score. We consider your unique needs and future prospects, providing financing options suitable for all credit profiles. Unlike traditional lenders, we don’t define you by your past financial issues. Whether you’ve encountered late payments, defaults, or other financial hurdles, we’re committed to helping you move forward. Our dedicated team will listen, understand and try and help you to find a finance product that is suitable and affordable for you and your circumstances.
Bad credit car finance is designed to help those with low credit ratings purchase a vehicle without facing penalties for past financial setbacks. We offer flexible terms, reasonable interest rates, and a compassionate approach to lending. Our application process is straightforward and user-friendly, allowing you to focus on selecting the perfect car rather than getting bogged down with paperwork.
Although each application varies, here are some of the common documents we require on applications. We understand that paperwork can be daunting, but our team is here to guide you calmly and efficiently through each step.
Provide a form of ID, such as a UK driving licence.
Show evidence of employment, self-employment, or benefits to give us a clear picture of your financial situation.
Include documents like utility bills or council tax statements.
As a trusted car finance broker in the UK, we work with over 40 reputable lenders to find the best car finance options for you. By comparing a wide range of financing solutions, we help you secure the most affordable rates tailored to your needs, saving you time and hassle.
Improving your credit score takes time and consistent effort, much like nurturing a plant to full bloom. A better credit score can enhance your car finance options and improve other aspects of financial well-being. Here are some actionable steps to help you gradually increase your credit score:
Registering to vote links your identity to your address, which can strengthen your credit profile. This simple step reassures lenders of your stability and reliability.
Ensure you pay all your bills, such as utilities, mobile contracts, and credit cards, by their due date. Late or missed payments can negatively impact your credit score, so setting up automatic payments or reminders can be beneficial.
Aim to pay down existing debts where possible. Reducing what you owe compared to your credit limits (known as credit utilisation) can help improve your score. Keeping utilization under 30% is a general good practice.
These cards are designed to help those with no credit or poor credit. If used responsibly by paying off the full balance each month, they can demonstrate your capability to manage credit and can slowly boost your score.
Obtain a copy of your credit report from major credit reference agencies to ensure all the information is accurate. Correct any errors you find, as they may be affecting your score.
Each time you apply for credit, a hard inquiry may be made on your report, which can slightly reduce your score. Try to limit how often you apply for new credit and only when necessary.
Keeping older accounts open can help lengthen your credit history, which is a positive factor in your credit score. Closing old accounts can decrease your average account age and potentially impact your score.
Absolutely. At My Car Funder, we see your credit score as just one piece of the puzzle. We help clients with poor credit find the most suitable financing options available.