If you have a poor credit history, chances are you find it very difficult to be granted finance for anything. This can make things very difficult for you, as using finance options to pay for large purchases can help to spread the cost over a number of months. Without the ability to pay on finance, you will need to be able to pay for your expensive items all in one go, which might seem impossible.

Whether you have bad credit due to missing payments in the past or you simply haven’t been able to build a credit rating for yourself yet, it can be quite hard to find a solution to the problem. If you currently need to make an expensive purchase, such as a new car, and you haven’t the funds to pay for it all in one go, you should look for used car companies with car loans for people with lower credit scores.

These companies do exist and they could be the answer to your credit problems. By opting for a used car instead of a brand new one you will be able to save money on your purchase, but if you still need to apply for finance in order to pay for it you should find that, with these companies, you have a higher chance of being approved for finance.

This is because these companies have less-strict rules for financing and they are willing to take on customers with bad credit. You will still need to undergo a credit and identity check in order to be approved for your financing, but this process won’t be as difficult as it is with some other companies.

There will be some criteria that you must meet in order to be applicable for this kind of finance though. For instance, you will need to be in work, either fulltime or part-time, and you must earn over a certain amount each month, usually around £1,000. Of course, you will also need to have a full UK driving licence and will need to have lived within the UK for the past three years. This can be proven by providing a three year address history that matches with addresses found on your credit history.

You can apply for credit finance online and the application should only take a couple of minutes to fill out. Once you have done this you can send it over to the car financing company and they should get back to you in no time.