Carplus is your trusted car finance company, specializing in helping individuals like you secure car finance with a fair credit score in the UK. We understand that sometimes life throws unexpected challenges, and your credit score might not be perfect. But that doesn't mean you can't get behind the wheel of a reliable car. We're here to guide you through the process of obtaining fair credit car finance with ease and confidence.
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Rates from 9.9%: the exact rate you will be offered will be based on your circumstances, subject to status. Representative example: borrowing £10,000 over 60 months, £1,000 deposit, on HP, and a representative APR of 19.9%, the amount payable would be £229.95 per month, with a total cost of credit of £3,796.82 and a total amount payable of £13,796.82.
We look to find the best product from our panel of lenders and will offer you the best deal that you’re eligible for. We earn a commission for providing our services, but this does not influence the interest rate you’re offered.
A fair credit score generally falls within the range of 580-669 on the FICO scale used by most lenders. However, major credit reference agencies like Experian, Equifax, and TransUnion may use slightly different rating systems and criteria to determine creditworthiness. So a fair credit score can vary somewhat depending on the specific credit agency.
Typically, a fair credit score is one that is slightly below the "good" or "excellent" range. Reasons could include recent address changes, new employment, high debt-to-income ratios, occasional missed payments, or exceeding your credit limits. Even older issues like CCJs (County Court Judgements) or defaults can contribute to a fair credit score.
The key point is that fair credit is considered reasonably acceptable by most lenders, if not ideal. Having fair credit doesn't automatically disqualify you from obtaining car finance. In fact, you may still qualify for standard car finance, and possibly even bad credit car finance if your score falls on the lower end of the fair range.
You might be wondering if it's possible to secure car finance with a fair credit score. The good news is that, at Carplus, we work with a wide network of lenders who understand that life can be unpredictable. They are often willing to provide car finance for fair credit applicants.
Factors that influence car loan approval:
Obtaining car finance with a fair credit score involves several straightforward steps:
At Carplus, we believe that everyone deserves a chance to drive their dream car, and we're here to help you make that happen. Here are some tips to help boost your credit rating:
Why should you choose Carplus for fair credit car finance? Here are some compelling reasons:
Don't let a credit score hold you back from driving the car you deserve. At Carplus, we're here to make car finance with fair credit accessible and hassle-free. Get in touch with us today and drive away in your dream car!
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