If I have poor credit and want car finance how do I know?
What is a good credit score?
Match Me Car Finance are the specialsists in finding customers the right car finance even if they have a bad credit rating. We can even find car finance of you have CCJs, defaults or IVAs. But you might want to find out what your credit score is first and if it is good or not!
Different finance companies have their own standards for rating credit scores, but if you have a good score with one of the main credit reporting agencies, it’s highly possible you’ll have a good credit score with who you are applying for finance with.
A good credit score with:
- TransUnion is scoring 4 out of 5
- Equifax is scoring over 420 out of 700
- Experian is scoring over 880 out of 999.
But remember: your credit score doesn’t guarantee that you’ll be approved for credit or offered the lowest interest rates.
This is because a lender’s decision is not made solely on score.
