ePrivacy and GPDR Cookie Consent by Cookie Consent Car Loan Specialists - All Credit Considered - Everyday Loans

Car Loans For Bad Credit

Do you need help getting back on the road? Apply to us today for up to £15,000 even if you’ve struggled to get credit in the past. We are a friendly
local lender with branches nationwide.

How much would you like to borrow?

Our quotes won't affect your credit score

£

Representative Example: Borrowing £3,000 over 24 months at an interest rate of 71.3% p.a. (fixed), you will repay 24 monthly payments of £237.75 per month. Interest Payable £2,706. Total Repayable £5,706. Representative 99.9% APR.

Feefo 2022 Platinum Trusted Service

If you need to fix your current car or buy a new one altogether, a loan from Everyday Loans could be the way forward. We work with you even if you have a less than perfect credit history and, If you are approved, a loan from us could get you back on the road.

Everyday Loans offers unsecured loans from £1,000 to £15,000 over 18 to 60 months. Our loan process means you only borrow what you need and you can spread the cost of the loan to make your payments more affordable.

If you are looking for a loan to buy or repair a car, fill out our online application form using the button at the top of the screen and we will provide you with a conditional decision at the end of the process.

How it all works

With Everyday Loans, you're more than just your credit score. Here at everyday we look at your credit future, not just your credit history. As such even if you have bad credit now or you've had a poor credit score in the past, we may be able to help.

There are 3 simple steps to taking out an everyday loans loan. All of our loans are subject to status and affordability.

  • Step 1

    Step 1

    Complete our short
    application form

  • Step 2

    Step 2

    Get an initial decision
    in minutes

  • Step 3

    Step 3

    Pop into your local branch
    to complete your loan

Why choose everyday loans?

  • Applying with us won't affect your credit score. We use Soft Searching Technology which means even if you're unsuccessful; it won't go against your credit file.
  • We offer loans to those with a less than perfect credit score. You'll need to be over 18, a UK resident and be able to afford repayments.
  • We're a direct lender not a broker. We'll NEVER charge you a fee to consider your application.
  • We'll give you a conditional decision in just minutes.
  • You can borrow from £1,000 up to £15,000 over a minimum term of 18 months up to 60 months, for almost any purpose. Loans not for business, gambling or illegal purposes. Maximum APR 299.8%
Start Your Application

Our loans for car purchases and repairs are personal loans, which means there is no initial deposit like you get with hiring or leasing a car. If you are buying a car using a personal loan, you will also own it outright, although you will need to keep up the payments on your loan. Using a personal loan for your car repair or purchase also gives you set monthly payments so there is no balloon payment like you commonly get with a personal contract purchase.

If you are considering purchasing a car using one of our loans it is a good idea to look into a few things before you get started. To begin with, if you are considering buying a car, remember to factor in the costs beyond just the price tag. You will likely need an MOT, tax and insurance along with paying for normal expenses like petrol. If the car you want is expensive to tax and insure, plus it costs a lot to fuel, this could make it unaffordable in the long run.

Once you understand the full cost of the vehicle, you may want to consider having it checked by an independent mechanic. This is generally not necessary for new cars but if you are buying used, it can be a good idea to ensure the car is in good working order. Plus, if the mechanic does find an issue, you can use that to negotiate on price.

Finally, if you are considering using a loan to buy a car, you should make sure you secure the loan before you agree to any purchases. This will ensure you have the money available and prevent any potential legal troubles.

Our loan applications use soft search technology, this means they do not leave a negative mark on your credit history the way some traditional lending applications might. This is particularly important if you do not have perfect credit in the first place, as multiple hard credit checks can be seen as a negative sign by future lenders.

To see if you qualify for one of our loans, starting the process is as simple as filling out our application. If approved at this stage, you will be invited into your local branch for the next step. If you have any questions about the application or the loan in the meantime, you can call your local Everyday Loans branch.

Our expert staff will be happy to help you through the process. If you get conditional approval, we will then set up a meeting with one of our loan experts at your nearest branch. They will review your application and get to know you better before deciding whether to offer you a loan.

Tailored Local Lending

Our local branches are our most valuable asset when it comes to helping people get the loans they need. Our experts can meet with you face to face to learn more than what is on your credit history.

We will look at how you manage your money, your financial obligations and any unique circumstances you may have. This allows us to offer loans to a wider variety of customers than lenders that just rely on automated credit scoring.

During the meeting, our expert will finalise the loan and provide any information you may need.

Responsible Lending

Everyday Loans is a responsible lending agency. We work hard to provide all of our customers with an honest and fair service. This includes ensuring that all of our data is stored in a safe and secure manner.

To ensure we are providing the best service for our customers, we meet with each one to discuss potential loans, explain the terms of the agreement and complete a full assessment of each individual's financial situation. All of our customer data is stored securely and processed in line with UK GDPR and DPA regulations.

We also ask that all of our customers provide the most accurate information possible in their application and during any meetings. We advise that our clients do some research before the meeting so they understand common terms and ideas used in lending, such as APR and credit score. If there is something a customer does not understand, our local experts will be happy to explain.

Finally, we recommend that our customers let us know if their circumstances change. For example, if they are unable to make a payment. In cases like this, we can work together to find alternative arrangements for paying a loan.

If you are interested in applying for a loan to buy or repair a car, fill out our online application today to see if you are eligible.

Everything you need to know about car loans

That new set of wheels is a well-deserved investment, and for many adults is a simple necessity in life. Taking a loan to purchase or repair a vehicle is an option, and many adults find their employment and other obligations resting upon securing credit to make the investment. Even if your credit score isn’t as perfect as other people’s, we’re here to help where other lenders wouldn’t.

  • Q1: Is my score going to change when I apply

    In some cases, with other providers, you will get a mark on your credit score that shows you made an application. This can put you in a tough spot if you get refused a number of times, as it can seem to a lender that you badly need finances but have been turned down by similar institutions. The good news where Everyday Loans is concerned is that this won’t happen when you apply with us. This is because we use unique Soft Search technology which won’t make a mark on your score, regardless of whether you are accepted or not.

  • Q2: Can you explain to me what APR means?

    Sure. It stands in full for annual percentage rate. It’s nothing overly complex; it just refers to the total repayment amount for your car loan. It’s a little more complicated than just, say, a ten percent repayment on a £10,000 loan because compound interest is involved.

    As we know this can be a somewhat complicated subject to explain and quantify for each individual loan we offer, we’ve made sure that our advisors at each Everyday Loans branch are capable of breaking it down with minimal jargon. Less hassle helps and makes it easier to secure your loan for your car.

  • Q3: Will my credit score go up when I take a loan?

    It might do, but this isn’t as a result of just being accepted for a loan. As we touched on before, a credit score is basically an indicator of how financially responsible you have been in the past. Lenders use this to get an idea of how likely you are to safely make repayments in future. The good news? If you do make your repayments and complete your car loan on time, you will see an increase. This can benefit you in future in other situations where a credit check is needed.

  • Q4: Is it OK to use an Everyday Loans loan for a car?

    Absolutely! We cater specifically for people with poorer credit scores and our excellent loans are perfectly fine for obtaining credit to pay for a car or to repair one, particularly if you’ve found it hard to find a loan elsewhere.

Our Process FAQs

Looking to learn more about Everyday Loans and our loans process? Here’s more information on how you can apply for a loan with us. It’s always worth remembering that our process is designed to be simple and straightforward, with the support of a customer account manager who provides you with the information you need.

  • Q1: Can you tell me what’s required for a loan to be approved?

    You need to be a UK resident, over 18 and have a bank account within the UK. Beyond that, we require that you’re employed. You may choose to apply for a loan, particularly for purposes such as consolidating debt, home improvements and more. As a responsible lender, we carry out a creditworthiness assessment . This means that we try to understand your financial circumstance to ensure that you only borrow what you can repay. If you meet the requirements, you can make an application now without damaging your credit score thanks to our soft search technology – you won’t get a mark on your credit file.

  • Q2: Can you confirm if Everyday Loans is a direct lender?

    Absolutely – we are! Our physical headquarters are located in lovely Bourne End (in Buckinghamshire). We specialise in helping people with poor or bad credit.

  • Q3: Is it a long process to get a loan with you?

    Our process is simple, easy and efficient. If your application is initially successful, you’ll receive a conditional approval. After this, we send your details over to your local branch and arrange a time for a meeting with our friendly advisor who will complete the loan for you. It’s a simple process and the money can be with you shortly after your meeting is complete.

  • Q4: Are your loan quotes flexible ?

    Indeed, they are! Whilst your loan term and monthly payment is fixed once the loan is booked, the loan options we can provide span anything from 18 – 60 months, we can lend from £1,000 - £15,000 and everything in between. Apply today to review your options!