Can I still get car finance if I’ve been made bankrupt?

Help & Advice

If your bankruptcy has ended and you’ve been discharged, you can apply for finance again. Your bankruptcy usually lasts one year, and when it’s finished you’ll receive a letter which states that you are now ‘a discharged bankrupt’.

It is usually best to wait at least 12 months in order to try and rebuild your credit score before you start to apply for credit again, as it may be seen as negative if you start trying to get credit straight away. It’s also worth bearing in mind that if you’ve been made bankrupt, your credit score will have been severely damaged. This usually means you’ll be excluded from the best rates available, so your finance will cost more in the long run.

If you are still bankrupt, unfortunately we won’t be able to help you. Taking further credit at the level you’d need to buy a car, when you’re bankrupt, is legally not allowed.

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