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…)
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Posts Tagged ‘poor credit car loans’
Candian Credit Scoring and Auto Loans
Friday, November 12th, 2010Auto Dealer Financing in Canada
Wednesday, October 27th, 2010Auto dealer financing can be a smart solution for Canadians with good credit, poor credit, bad credit, or even bankruptcy. Being saddled with a bad credit history may seem like a big handicap when attempting to finance a new or used vehicle, but if you approach the process in the right way, much of the stress involved can be avoided in applying for auto dealer financing. (more…)
Car Loans with Bad Credit in Ontario
Wednesday, September 1st, 2010If 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.
Poor Credit Auto Loans
Thursday, August 12th, 2010If you want to get back “on the road” to better credit, there are a number of things that you can do. One of the best ways to reestablish your car credit is to get a poor credit auto loan by begining the application process for a bad credit car loan. In addition to poor credit auto loans, there are other things that you can do to raise your credit score and repair your credit history. One of those methods is credit counseling.
The History of Bad Credit Auto Loans
Friday, June 11th, 2010 The upside to sub prime auto loan lenders was the fact that most of them reported to the credit bureaus, enabling customers to reestablish their automotive credit. For many bad credit auto loan customers, it meant a step towards being able to once again deal with a prime lender. The downside, and there is one, is that the interest rates charged by these sub prime lenders can range from a few percentage points above a “standard” loan, all the way up to the mid to upper 20% range.
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