Bankruptcy can have a lasting impact on your finances, but it doesn’t have to stop you from getting back on the road. With the right approach and lender, you can still access car finance — even after bankruptcy. Here’s what you need to know, from the experts at carloans365.

Can you get car finance after bankruptcy?
Yes, it’s possible. While some lenders may be cautious, others specialise in helping customers who’ve faced financial setbacks. If your bankruptcy has been discharged, you may be eligible to apply.

What lenders look for
Lenders will review your current financial situation, not just your past. They’ll check your income, employment stability, and affordability to ensure you can manage repayments.

Tips to improve your chances

• Wait until discharge: You can’t apply during bankruptcy, but once discharged, your options open up.

• Check your credit file: Make sure your bankruptcy is marked as discharged and that no errors remain.
• Start rebuilding: Set up small, manageable credit accounts and pay on time to rebuild trust.

How carloans365 can help
At carloans365, we work with lenders who understand that people’s circumstances change. We’ll help you find realistic finance options suited to your budget, whether you’re looking for HP, PCP, or a guaranteed acceptance scheme.

Bankruptcy isn’t the end of your financial journey. With careful planning and the support of a trusted broker like carloans365, you can secure car finance, rebuild your credit, and move forward with confidence.