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No Credit Check Loans up to £15,000

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No Credit Check*

  • Borrow £100 - £15000
  • Financial Problems OK
  • Non-Homeowner Guarantors accepted
  • Multiple Loan Options
  • No Fees or Charges§
  • Can be paid within 24 hrs

Car Loans

You'll probably already know that most people buy their cars on finance - only the lucky few have the cash to hand. And it's great to know that even if you have had a credit problem in the past that there are car loans available that don't depend so much on the results of a credit check.

We work with a well know car loan broker who has access to these no credit check* loans. In fact they work with numerous lenders and they may have a number of loan options for you to consider.

No Credit Check Car Loans*:

  • When your credit problems could prevent you getting the car you want
  • Split the organisation of your finance from the purchase of the car
  • Negotiate a better deal on the car by sorting out your finance first
  • Stay in control of the process

Car Loans without a credit check*

If you have had a credit problem of some kind in recent years you've probably already found yourself being rejected for loans. That's because lenders have assessed your enquiry, looked at your credit file and probably credit scored you. It's this automated process of credit scoring that ruins your chances.

That's why using an unsecured car loan where you provide a guarantor will help. If you have a guarantor then you'll almost certainly won't be credit scored - the lending decision will be based on the loan's affordability and the quality of your guarantor. So, while you'll still be credit checked to confirm your identity the rest of your credit history won't affect the lending decision.

zuto car loans

How does a no credit check car loan* work?

There a are two general ways to make this work for you:

  1. Before you go looking for a car arrange your finance and then go as a cash buyer - if you have credit problems then a no credit check* guarantor loan is worth considering as it's one of the cheaper forms of unsecured credit available in this situation. You find your car and buy it outright, and make monthly repayments to clear the loan after 2-5 years.
  2. You work with our specialist broker to buy your car on finance using PCP or HP, and they can find you the finance that works with your credit status - it could well be guarantor loan based.

new car loan

Other Car Loan Options

Cars are expensive things so the range of loan types that are likely to be large enough is relatively small:

  1. Unsecured loans with no guarantor - of you have a credit problem then you may find this type of loan is available, but that the APR% is in the region of 60-70%, rather than the 40% you might get if you can provide a guarantor.
  2. Homeowner loans - so long as you own your home, still have a mortgage but also have some equity in the property you might find this a reasonable option to consider. Because of the security offered by the property you will obtain a lower rate, and potentially be able to repay over a longer period. More info.

* the lenders will check your credit file to verify your identity and to ensure you are not bankrupt or involved in an IVA. This search will be registered on your credit file. However, many guarantor loan lenders will not use the other information in your credit file to credit score you, or if they do credit score you this will not necessarily impact you since you provide a guarantor. Borrowing is always subject to affordability checks.

Bad Credit & Scoring

Representative Example (£500 to £15,000)

Loan Amount

£3000

Monthly Repayment

£134.10

Loan Term

36 mnths

Total Repayment

£4827.60

Rate of Interest

34.05%

Representative APR

39.9%

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