Publish Date: 20/02/2021

Why You May Have Been Declined

We are really sorry but your application for Car Finance has been declined by our lenders. This maybe due to several reasons which can be fixed in time but some issues are not easily managed in a quick time frame.

We Don't Care About Your Credit Score
Many people get confused about our advert saying we don't care about your credit score. In fact we don't care about your actual credit score.   What Lenders look at and what we look at are Affordability and  Recent Missed Payments, together with Bankruptcy and IVAs.  Someone with a really low credit score can and has been accepted for finance with us and our lenders and also some people with a higher credit score have been declined based on affordability and recent issues which will affect your application.

Poor Credit Record
One of the most common reasons you may have been declined for car finance is that you have a poor credit record.  This could be due to outstanding debt or missed payments (remember instances of poor credit can remain on your credit file for upto 6 years)

It is really important that you understand why you have a poor credit score and using tools like experian and clearscore can tell you your current credit score and help improve it.

No Credit Can Mean Bad Credit
If you have no record of credit in the past, that could be frowned upon by some lenders, so maybe getting a credit card or a loan with your bank might be your first port of call.  Some people forget to try their bank first.

Very Low Income
You would be surprised at how low some peoples incomes are. Applications with incomes which are in the hundreds arrive regularly on the get me car finance site. Lenders will not entertain customers with very low incomes as when you take into consideration , insurance and car running costs the customers would end up with next to nothing to live on.

Missed Payments of Existing Finance
So if you have missed any payments for a recent finance agreement then to new lenders thats a big red flag. They want to see commitment from their potential customers, but if you have actually missed paying back a loan, or have missed payments on a credit agreement recently, then this will affect your application.

Provisional License

Some lenders will not lend money on car finance to customers who only have a provisional license, this limits what we can offer when a customer has poor credit and a provisional. If you have both their is a high chance you will be refused finance.

If You Can't Get Car Finance?
Is it the end of the road if you cannot get car finance, well most people apply apply and apply again and get refused even more, frustrating themselves too.  We have a new loans application below with lenders who are NOT just car finance based.. It might be worth seeing if the lenders on there can help you get into a car. 

Loan Application

Representative 69.9% APR (variable). Representative Example: If you borrow £1,500.00 over 24 month at a Representative rate of 69.9% APR and an annual interest rate of 54.19% (fixed), you would pay 23 monthly repayments of £103.64 and a final payment of £103.74. The total charge for credit will be £987.46 and the total amount payable will be £2,487.46. Get Me Car Finance is a trading style of Get Me Finance Limited and is a free to use price comparison website. Get Me Finance is authorised and regulated by the Financial Conduct Authority as a credit broker and a lender, firm reference number 661934 and is registered with the Information Commissionerís Office number Z3541124 .