Can I Get Van Finance with Bad Credit? A Guide from Forward Group

If you have bad credit, securing finance for a van might seem like an uphill battle. However, at Forward Group, we believe that everyone deserves a chance to get the vehicle they need for their business, regardless of their credit score. Whether you're a tradesperson or running a small enterprise, having a reliable van is essential – and we’re here to help you finance it.

What Is Bad Credit?
Bad credit usually refers to a lower-than-average credit score, often due to missed payments, defaults, or high levels of debt in the past. Lenders use your credit score to assess how risky it might be to offer you finance. The lower your score, the higher the perceived risk, which can make it harder to secure finance on standard terms.

However, at Forward Group, we offer flexible finance options designed to help people with less-than-perfect credit histories.

Can I Get Van Finance with Bad Credit?
The good news is that having bad credit doesn’t mean you're automatically excluded from getting van finance. While some mainstream lenders may turn you down, Forward Group specialises in helping customers secure finance, even if they have poor credit. Our finance solutions take a more comprehensive approach, considering factors beyond just your credit score, such as your current financial situation and ability to make regular payments.

To start the process, you can easily apply for finance on our website, and we’ll assess your application based on multiple factors.

What Type of Finance Is Available?
At Forward Group, we offer various finance options to suit different needs and circumstances, even for those with bad credit. Some of the most common options include:

Hire Purchase (HP): This option allows you to pay for your van over an agreed period. After paying an initial deposit, you make fixed monthly payments. Once all payments are completed, the van is yours to keep.
Lease Purchase: This is similar to HP but with a final balloon payment at the end of the term. This option can reduce your monthly payments, making it easier to manage your cash flow.
Bad Credit Finance: Specifically designed for those with poor credit histories, this option takes a more lenient approach, focusing on your ability to meet ongoing payments rather than solely your credit history.
Each option can be customised to suit your financial situation, with terms and repayment schedules that make sense for you and your business.

Tips for Getting Approved with Bad Credit
While bad credit can make the process more challenging, there are steps you can take to improve your chances of getting van finance:

Check Your Credit Report: Make sure there are no errors on your credit report that could be dragging your score down unnecessarily.
Save for a Deposit: A larger deposit reduces the amount you need to borrow, making you less of a risk in the eyes of lenders.
Show Stable Income: Demonstrating that you have a stable income and can comfortably meet monthly repayments will strengthen your application.
Consider a Guarantor: Having someone with a better credit history co-sign the loan can help boost your chances of approval.
Why Choose Forward Group?
Forward Group, based in Northwich, is dedicated to helping individuals and businesses secure the right finance for their vans, even if they have a bad credit history. We pride ourselves on offering personalised finance solutions, taking into account your individual circumstances rather than just your credit score.

Our team is experienced in handling bad credit applications and will work closely with you to find a deal that fits your needs and budget. We’re committed to helping you get back on the road with a van that’s perfect for your business.

Ready to Get Started?
If you’re concerned about your credit score but need a reliable van, Forward Group can help. Start by visiting our Apply for Finance page to begin your application. Our team will guide you through the process, offering advice and support along the way.

Don't let bad credit stop you from getting the van your business needs. With Forward Group, there’s always a way forward!