Bankruptcy car leasing
As one of the Uk’s leading bad credit car leasing companies we welcome customers who have been bankrupt, or who have/had CCJ’s and IVA’s. We believe that your past financial problems should not impact on your ability to lease a car, that’s why when we look at bad credit car leasing applications we do not look at your credit score.
What is bankruptcy?
Bankruptcy – a legal status of a person / entity that are unable to repay debts owed to its creditors, bankruptcy varies in each country.
The benefits of bankruptcy
A quick way to clear your debts and give yourself a fresh start.
All unsecured debts are written off.
Creditors will no longer contact you.
There are risks of bankruptcy
Any assets may be included in your bankruptcy such as your house or car.
Bankruptcy will remain on your credit history for 6 years, thus giving you a bad credit score.
You will not be able to act as a company director.
Entering into bankruptcy should not be taken on lightly, and you should always seek professional advice before entering on such a life changing decision.
How will bankruptcy effect me in the future?
If you do decide that bankruptcy is your only option you will find that your credit rating will be negatively effected, and being able to gain credit will be almost impossible in the mainstream market.
Leasing a car when bankrupt
At CVS Ltd we specialise in working with customers who have been bankrupt, offering fantastic deals on personal car leasing. Get in touch with us today to discuss your bankruptcy car leasing options.
If you want to speed up the application process, then simply fill out our online secure application forms for either Personal Leasing or Business Leasing. We will have an answer back to you within 2 working days, our application process is quick and straight forward.