Bad credit car loans - UK auto approvals

Getting an bad credit car loan in the UK can seem like a complicated process. There are many factors to take into consideration, and when you have a bad credit history to contend with, it can become even more confusing and difficult to gain auto approval.

How do I get a car loan if I have bad credit?

Many car finance companies now specialize in bad credit car loans, so you should still be able to find a good deal if you are prepared to shop around

What interest rates will I pay?

With any types of loan, interest rates will vary enormously from one lender to another. You might find that you pay a slightly higher rate of interest because of your poor credit rating but you should not feel that you have to put up with unreasonable repayment terms.

When can I expect to get my money?

Loan applications can take anything from ten minutes to two weeks to be processed, and having a bad credit history may mean that you have to wait even longer. However, once the difficult part has been dealt with and your application has been approved, most lenders will credit your bank account or post a cheque to you within a couple of days.

 

 

 

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