Worried your credit score rules out car finance?

Many people hesitate to apply for car finance because they fear being rejected. However, this assumption could be costly and limit their options. Carloans 365 is a UK used car finance broker that believes every driver deserves a fair decision, not one based solely on a credit score. Credit scores are useful, but they don't capture the full picture of an individual's financial situation.

They don't account for missed payments from years ago, self-employment with good but uneven income, recent moves to the UK, or a lack of credit history. Lenders treat all of this differently, and some specialize in handling these situations better than others. Many drivers don't find out which lenders are better suited to their specific circumstances because the process is confusing and full of jargon.

Applying for finance usually requires a full application, which can leave a mark on the credit file. A low credit score typically means fewer lenders will say yes on standard terms, not that every lender will say no. Specialist lenders exist for these situations, and they weigh things differently based on a lender's specific criteria.

Soft-search eligibility checks can help drivers find out what they could afford without affecting their credit score. These checks take about 60 seconds and only require a few basic details. Soft searches are performed by a panel of trusted UK lenders, including specialists in bad credit, no deposit, and other complex situations.

Drivers should ask anyone they deal with if their check is a soft search to avoid hurting their credit file unnecessarily. Carloans 365, rated 4.6 out of 5 from over 2,300 verified reviews on TrustPilot, works for drivers and helps thousands of them find fair deals each year.