The Car Loan Centre

Welcome to your Saved Cars

Vehicles you have selected are stored here so you can review them later.

Simply click the Save your favourite cars button to save up to 6 vehicles that you are interested in to store them in your garage.

Default Car Finance

Couple in showroom next to car looking for car finance with defaults

Have you been declined due to Defaults on your credit file?

Find out how we can help you get default car finance with your personal circumstances in mind.

Man in white t-shirt happy with approval for car finance with defaults

Getting Car Finance with Defaults

If you have ever defaulted on a finance agreement, the chances are you have found it difficult to apply for finance again. With most lenders relying on the information in your credit file, having a default registered can have an impact on your credit score. If you are looking to buy a new car, you may have found that many lenders are not willing to help. Here at The Car Loan Centre, we provide the finance solution you’re looking for with our Default car finance options, helping say “YES” where other lenders have said “NO”.

Man in white t-shirt happy with approval for car finance with defaults

If you struggled with financial difficulties in the past, this may have led to you having arrears on your credit agreements which can then lead to Defaults and CCJs, IVAs and even bankruptcy. We understand that you may have experienced this in the past, but now you have the affordability and income to start applying for finance again. Where you may have come up against a decline decision from many other lenders, at The Car Loan Centre we are proud to be different. Applying for car finance with CCJs and Defaults can mean that of the lenders you do find online, many won’t be able to offer exactly what you’re looking for or may request a guarantor. This means your options are considerably few compared to having good or excellent credit. We work differently in that we look at what you can afford today and what your current circumstances are. We do this so that we can help those with Defaults receive the help they need, without using automated decisions and your credit score. Request a callback Request a callback today!

Apply Today for Default Car Finance

We are proud to be different from the many other car loan lenders you’ll find, taking an alternative approach to financing so that we can help a broader range of people. Getting car finance with Defaults should be made simpler and focus on what your current circumstances are. That’s why we take the time to assess your affordability properly. Although we perform a credit search with your permission, we do not use this to base our decision to lend to you. Instead, we review how much you can repay and the total amount of borrowing you need. You will need to meet the following requirements as a minimum first for default car finance:

  • Be 18 years old or above
  • Be a Current UK Resident
  • Have a Valid Full EU/UK Driving Licence
  • Be currently Full-Time, Part-time or Self-Employed
  • Or even Unemployed receiving a regular source of income (Benefits or Universal Credit)

As long as you are not currently bankrupt or in the process of becoming bankrupt, we have options for you with our Default car finance. All you have to do is click Apply Now to fill in your details, or request a callbackrequest a callback to speak to one of our team today.

Default Car Finance FAQs...

We will perform a search of your credit file as part of the standard application process, but we do not use your credit score at all to decide on whether to lend to you. By specialising in offering Default car finance, we look beyond what your credit history shows. We understand not everyone will have that perfect credit score or history, so if you have proven ability to make the repayments for the loan you request, we could help. Be sure to check our available stock and find your new vehicle.

Yes, whether you have been bankrupt, had IVAs, Defaults or CCJs, at The Car Loan Centre we aim to help you where other lenders can’t. If you are not currently bankrupt, you will be eligible for our Default car finance. We’ve helped many people in your situation receive the help they need so that they can drive away with a new car whilst paying for affordable finance.

No, we do not require applicants for Default car finance to have a guarantor. If you have found other lenders that will only help you if you can provide a guarantor, then we understand why you would expect that. We take a different approach and understand having a guarantor is not always easy. If you do want to apply as a joint application, we do have this option, but we will never request that you need this to be approved.

As bad credit car finance specialists, we can provide help where other lenders can’t. The way we can do this is by assessing your current finances. Our underwriters do this by reviewing your case manually and require you to provide proof of ID, proof of address and your most recent bank statements to help form their decision process.

This is all without bringing your credit score into the decision-making process, focusing on your actual affordability rather than your financial past. We supply Default car finance all whilst following lending guidelines and Financial Conduct Authority (FCA) regulations. Once we have determined what you can afford, we will tailor a repayment plan that works for you.

As well as our car finance, we also offer Logbook Loans that are cash loans from £1,000 to £10,000 secured against your vehicle designed especially for those with bad credit.

Still have further questions? Then please do contact us directly and we’ll be happy to discuss things further.

Request A Callback

But Why Wait?

Our new FAST TRACK  form gives you an Agreement in Principle* Immediately

What makes us different...

  • 100’S OF CARS IN STOCK
  • BAD CREDIT SPECIALISTS - CCJS, DEFAULTS, ARREARS, ALL CONSIDERED
  • A LENDER THAT CAN SAY YES!
  • NO BALLOON PAYMENTS
  • NATIONWIDE DELIVERY AVAILABLE!

...and all our cars come with

The Car Loan Centre is a trading style of The Asset Exchange Ltd. The Asset Exchange Ltd is authorised and regulated by the Financial Conduct Authority, firm reference 729827. Registered Address: The Car Loan Centre, 77 Wollaston Way, Burnt Mills Industrial Estate, Basildon, Essex, SS13 1DJ, registered company no: 08679485.

We are a lender, and not a broker, and operate with a flat interest rate for all customers. We pay our sales team a flat rate of commission for vehicles sold, and this does not affect the terms of your agreement, nor is it affected by your choice of vehicle or the terms of your finance. We may receive commission from other third parties as a fixed fee or fixed % of commission to us for introducing you to their services with your consent. If you elect to purchase one of these 3rd party products/services we may pay our sales person an additional commission for this, For example if you choose to take an extended warranty. If you would like a breakdown of all third parties who may pay us a commission in certain circumstances this can be provided on request.