Women looking at phone in front of a laptop and paperwork

Can I get finance with a CCJ, Defaults, or an IVA?

We know that sometime we can find ourselves in financial difficulty. If you’ve missed payments in the past, had a CCJ or entered an IVA, that doesn’t you won’t be able to get car finance. We can try and help people in a range of different financial circumstances including those with a CCJ, default or IVA.

young couple in dealership with sales person

What is a CCJ?

CCJ stands for County Court Judgement. In England, Wales, and Northern Ireland, a CCJ can be granted against you if you fail to repay a debt. You will have a deadline for repaying the loan and outline exactly how much you owe and how it’ll be paid. Your CCJ is kept on record and can impact your credit score for up to 6 years.

What is a default?

A default means that you’ve missed or defaulted on payments in the past and have received a default notice. This then gets noted on your credit file. This notice usually gets issued after missing payments for three to six months. If you’re unable to clear those payments in the time specified, your account will fall into default.  

What is an IVA?

An IVA - Individual Voluntary Arrangement is an agreement that you make with your creditors to help you pay off your debts but at a more affordable rate.

If you’re currently in an IVA, it may be difficult to find car finance due to the conditions of your agreement.

If you have had an IVA in the past, this will stay on your credit record for up to six years.

Let us help with your car finance journey