Answered: I Have Past Bankruptcy | Can I Apply For Car Finance? | UK
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I Have Past Bankruptcy

I Had Bankruptcy
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I Had Bankruptcy

If you have been declared bankrupt in the past, you will find it difficult getting approved for car finance. Here at U Car Finance, we can help you get approved; we have a panel of lenders who specialise subprime Car Finance, although we cannot guarantee you will be accepted, we will try our best to get you approved. We welcome individuals with Good Credit, Average Credit, Bad Credit, or even No Credit; we consider all our applicants on an individual case by case basis, this way we can take all Small Personal Factors into consideration when making a decision. We have 100’s of financial products to suit your car finance needs, especially those with bad credit.

If you have been Declared Bankrupt, it will ultimately damage your credit rating. On the other hand, if you have already started to improve your credit rating, and you demonstrate you can manage your finance and show that you are a responsible borrower. The lender will look at these factors, including your income, employment and your current credit file to gain an understanding of the suitability of the loan.

Here at U Car Finance, we have made getting car finance simple, using our three step process, and you can be approved for car finance within minutes. Our aim is to help you secure low rate Vehicle Finance. We aim to get you the most competitive rates for your Car Finance, relative to your personal circumstances from our carefully selected panel of lenders.

In some cases we may ask you to provide evidence of your income, this can be in the form of pay slips from an employer if you are a self-employed, we may need copies of your bank statements for least three months. This is to ensure that you have provided authentic details, we are also able to use these details to calculate the repayment affordability.

A deposit is not a necessity, and we can find a finance arrangement that’s convenient for you. However, putting down a deposit or Part-Exchanging will decrease the overall amount you Need To Borrow, meaning you’ll pay less every month, overall, increasing your chance for approval. As well, Guarantor Loans or Joint Applications can be used as a fail-safe if you find yourself in a financial bind. Overall, this will heighten the chances of your approval. It is important to remember; the repayments are down to you (and your guarantor).  Defaulting on them will outcome in a negative effect on your Credit Score, which will consequently impact your credit rating in the future.

Use Our Finance Calculator to see what you Could Borrow Today; we have competitive rates, we consider all our applicants on an individual case by case basis, this way we can take all Small Personal Factors into consideration when making a decision. You can call 0330 445 5505 and talk to one of our friendly members of staff who will help you with any queries.

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U Car FInance
U Car Finance is one of the leading UK Car Finance Brokers, we are dedicated to giving our customers the best service as possible. We accept people who have been refused elsewhere, people with good credit, bad credit and people with no credit history at all.

Our Address

U Car Finance
208 Victoria Street (Ground Floor)
Oldham, OL9 0DA
United Kingdom

Opening Times
Mon-Fri: 9.00 am - 7.00 pm
Saturday: 9.00 am - 5.00 pm
Sunday: Closed

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Contact us if you have any questions.

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Phone : 0330 223 4384
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