How Do I Qualify For A No Deposit Motor Finance Contract With Bad Credit?
Some lenders will see applications for bad credit no deposit car financing as a lending risk since they are unsure if you will make your payments on time.
It is recommended you get a credit check before moving forward with your application in order to identify any areas where you could improve and to help you put in good standing with more lenders. Your credit score will have a significant impact on the interest rates that you must pay in addition to the value of your car. At Bad Motor Finance we aim to compare the best rates for you.
If you feel your credit score needs improving, there are many resources to help you. The best examples can be found on credit reference agency sites.
When you make an application for bad credit no deposit finance, you will also be required to pass an affordability test where you will be asked to provide documents such as payslips or bank statements as proof.
We will perform a soft credit check to see what your rates could be, but the lenders will perform a hard credit check on you to see if you will be approved for you car finance deal.