If you have bad credit in Canada, you may be thinking of stopping by one of your local used car lots that offer to sell cars for cash like many (more…)
If you have bad credit in Canada, you may be thinking of stopping by one of your local used car lots that offer to sell cars for cash like many (more…)
Most Canadian lending institutions have very strict policies regarding who they will lend to and the type of collateral needed for the loan, especially when it comes to reviewing applications for car loans with bad credit. For example, many lenders have specific requirements concerning how old a vehicle can be. (more…)
As of this writing there are thousands of web sites whose mission is to give consumers advice about applying for new car financing. Much of the information that appears on their pages is biased toward the attitude that car dealers exist only in order to take advantage of their customers.
There are literally thousands of web sites that give consumers advice about auto finance. Much of this information is based on the argument that car dealers take advantage of the customer. But while there are still a number of dealerships out there that even we would consider being “bad eggs”, our experience has been that most dealers treat their customers fairly. (more…)
A question you might have if you are looking for a car loan is, what happens if my car is about to get repossessed. To answer this, you have to know what a repossession is. (more…)
Many people with bad credit – that is, a Beacon score below 620 – feel they can only qualify for an older used car at a Canadian buy here pay here car lot. In many cases, this is absolutely not true. (more…)
Although it’s not as easy to get no money down bad credit car loans as it was before the current recession, they are still available. (more…)
If you are looking for car loans with bad credit in Ontario, chances are good you have faced many of the same issues that nearly two thirds of all Canadian consumers are currently experiencing that leave you with less than perfect credit.
Many Canadians, and you may be one, prefer buying a used car rather than a new car. Financing is probably the top reason for buying a used car. Bad credit can stop you from getting the same deal as someone with great credit. However, you can get a bad credit used car loan.
You’ve probably heard this many times, but the first step you should take before getting a used auto loan is to check your Beacon score. The reasoning for following this particular procedure is the fact that your credit report contains everything a lender sees when they’re making a decision regarding your auto loan application. If there are any mistakes that might result in a lower credit score, you’ll want to correct them before applying for a used auto loan, since it usually takes at least 30 days for any correction to appear.