Bad Credit Car Finance Specialist
Got bad credit? Need a Car
We can help you. Fast
Getting Car finance from Fund my car Scotland will
- Have no impact on your credit scoring
- We approve 99% of applicants and consider all circumstances
- Get an instant decision online
What is Car Finance?
Car finance is the process for you to purchase a used car by dividing the cost over a set number of agreed months. It means that instead of having to pay the full costs upfront, you can divide the cost into a controllable amount. It is paid in even monthly payments.
Will I get finance, even if I have poor credit?
Absolutely. We help many people in Scotland with bad or poor credit history. With a bad credit history, the interest rates that are offered to you may not be the best possible rates on the market. Compared to someone who has an excellent credit history the rate may be a little higher. At fundmycarscotland we may be able to find you a suitable manageable financial option to suit your circumstances.
Can I get credit even after bankruptcy
If your bankruptcy has concluded and you have been settled, you can apply for finance once again. Bankruptcy tends to last for one year, and when it’s ended you’ll get a letter that declares that you are now ‘a discharged bankrupt’.
It is best to wait at least one year to rebuild your credit score before you apply for credit once again, as it may be seen as negative if you start trying to get credit straight away. Your credit score will be corrupted after you have been made bankrupt. This tends to mean you will be eliminated from gaining the best possible rates that are available. This means that your finance will cost a little more overall.
If you are still currently bankrupt, regrettably, we will not be able to get you car finance. Taking even more credit at the level you’d need to buy a car when you are bankrupt, is not allowed legally.
Default payments and car finance
A default is recorded against you on your credit history when you neglect to meet your full repayment commitments. A default tends to be simply recorded after recurring payments have been missed or numerous months have passed since the actual payment was due.
Missed Payments and gaining finance
When you miss a payment it is noted on your credit data. Lenders can see this information and they might regard you to be a more elevated risk. It may narrow the lenders who will offer you car finance. It could also affect the interests rates and increase the rate that you can attain finance.
A new way to buy a car.
Traditionally the way of getting a car is through a dealer, and this dealer sorts out the finance for you with a financial plan after you have decided on the car you want. At Fund Mt Car Scotland we have flipped this method to help you and that works to your advantage, particularly if you have had credit problems and have a bad credit history.
Why fundmycarscotland.
- You find out exactly what you can afford before you choose your car.
- Save time. Fundmycarscotland can you give you a decision online. Fast. We can help you, often within minutes of presenting your application.
- Do it all from the comfort of your own home. Once your application has been approved we then source your ideal car for your budget. We present several options and once you decide on the vehicle we will even deliver it directly to you.
How It Works
Make an Application
This is where you tell us a little about yourself so that we can find you the best finance deal possible.
We do the legwork and find your perfect car
From a database of thousands of vehicles, we source the perfect car for your budget. By carrying out the necessary checks to ensure there is no history of theft and that the car has not been written-off, we give you complete peace of mind.
Pick up the keys or we deliver to you
Once your documentation has been processed, signed and complete, you are ready to drive away happy.
Maybe you are having difficulties and cannot make it into our branch to collect the keys? No problem, we can arrange for delivery direct to your door!
Let Fund My Car Scotland help you get car credit.
The first thing to do is get in touch with our team, via email or the apply now button. We will use our expertise & knowledge of car finance to give you the most suitable car loan for your circumstances. And remember all circumstances are considered. Fund my car Scotland are bad credit car finance specialists and we are here to help YOU!
