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 ‘special finance’
Candian Credit Scoring and Auto Loans
Friday, November 12th, 2010Privacy On Canadian Auto Loan Web Sites
Thursday, October 28th, 2010The internet has made car buying and financing much easier. No credit car financing is particularly easy in Canada because you can do everything from research interest rates to filling out an actual auto loan application online. But at the same time, how can you be sure that you and the intended recipient are the only ones who can see this information? How can you tell if your personal information is secure when you fill out an online no credit car financing loan application?
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Auto 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…)
Will My Credit Keep Me From Buying A Car
Monday, August 23rd, 2010A good credit score is an advantage when applying for car credit. Your credit score tells lenders your risk level. Credit bureaus use your credit history report that shows if any late payments, repossessions, non payments, or any bankruptcies filed. The risk the lender would be taking by approving car credit to you is then determined.
Used Auto Loans
Wednesday, August 18th, 2010You’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.
Bad Credit Auto Loans with No Money Down
Friday, August 13th, 2010Every day you see articles on the internet that suggest that all bad credit car loan buyers can finance a vehicle with no money down. Nothing could be further from the truth. (more…)
Special Finance Auto Loans with Bad Credit
Friday, July 16th, 2010A special finance auto loan can help people with bad credit, poor credit, no credit or even bankruptcy. A bad credit history can seem like an obstacle when trying to finance a new or used vehicle. If you approach the process in the right way, you can avoid much of the stress involved in applying for a special finance auto loan.
