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A guide to emergency car loans

Car repairs are often unexpected and can leave you short on money for other essential items, such as bills and living costs.

118 118 Money could offer you a loan from £1,000 to £5,000 to help you cover the costs and get you back on the road to a healthier financial future.

We’ve all been there! Your car (or in our boys’ case, a forklift) makes a noise it’s never made before, something isn’t working right and you get that feeling in the pit of your stomach as the mechanic approaches you with that look on their face.

For many of us, a car is a necessity. Without it we can’t get to work to earn a living, get the kids to school or go food shopping. The repair costs may be higher than what you were expecting, but it’s cheaper than getting a new car so taking out a loan to fix the repair of your car could be a feasible solution.

At 118 118 Money we offer straightforward unsecured personal loans from £1,000 to £5,000. What’s more, repayments are spread over 12 months, 18 months, 24 months, 30 months or 36 months with fixed monthly payments so you can cover the cost of the expense and pay it back within a reasonable time frame. Missed or late repayments on a 118 118 personal loan will incur a £12 charge.

What if I have bad credit? Can I still get accepted?

Even if you have a less than perfect credit history or have been rejected by your bank for credit, 118 118 Money could help you out.

We understand that having an imperfect credit score is a common problem; however we also know that this doesn’t mean you can’t pay back a loan, even if you’ve had credit problems in the past.

If you’re worried about whether you’ll get accepted or not, you can try out our no risk eligibility Quick Check. Our Quick Check  will give you a good indication of how likely you are to receive a loan from us before you apply, and won’t affect your credit score.

Can I apply online?

Yes you can! Once you find out your eligibility with Quick Check, simply decide to apply online to receive an instant decision.

If accepted, when will I receive the funds?

We understand that getting your car repaired is a priority, which is why we aim to deposit money into your bank account within 24 hours, if accepted. Before applying for any form of credit, make sure to check the rates of each lender and how much you’ll repay.

Representative 49.9% APR.