Obtaining credit through limited company with poor personal credit

danbentonsmith

Hi, I have a limited company in which I am the director and only employee.
I have poor personal credit although I have been gradually building this again over the past couple of years and wanted to know if I would be able to get a lease car through my limited company?
The company is fairly new and is turning over around 3k a month.
The company nor myself has any debt.

Is there a way around this?
Many thanks

System

The only way to find out is to try. Thing is though can the company afford to see 10% of its turnover go out the door on a lease car? Personally given how many companies fail in the first 2 years it seems a bit silly and being a director and it being a Ltd Company doesn't automatically let you off the hook for the company debts if the OR deems you acted negligently.

Do you actually need a new car or is it just a case of want? If you can manage with what you've got you're better doing that until the business is more established.

[Deleted User]

A new company with no accounts is not going to get credit for anything, let alone a lease, unless there is a personal guarantee as well. You are unlikely to qualify with poor personal credit - sorry.

There are probably van finance companies who could lend you the money but at some stupid APR - don't do it!