Learn How to Rebuild Your Credit – Start Today!
For many Canadians struggling with Bad Credit, knowing where to start rebuilding your credit and regain sound financial footing can be overwhelming, especially if you have no experience in doing so. Rebuilding your credit is definitely possible using the right strategy to make steps towards improving your credit and can happen faster than you think!
Automotive financing with a game plan in place is a great way to rebuild your credit because they provide an opportunity to improve your credit score. When car loans are paid on time, automotive financing becomes a method of rebuilding your credit, even after bankruptcy and in turn make borrowing in the future much easier.
Approving those with poor credit history is much less risk for lender’s than approving someone for a home loans especially when considering the cost difference between most vehicles and a home. The element of cost is a great way for Canadians looking to rebuild their credit. Car loans provide an opportunity to present your level of responsibility and that your finances are secure and in order.
Our team of automotive financial experts are available to answer any car loan questions you may have. No matter what your credit situation, our specialists are here to tailor a finance package to fit your needs. Our experience with a wide variety of financial institutions helps us provide financing for all credit levels.
Auto Source specializes in car loans and automotive financing even for those that have less than perfect credit. Lenders who focus on people with bad credit have minimum requirements that car shoppers must qualify for and Auto Source connects you to them! Our team of automotive financial experts will work with you and learn as much information about your current credit situation in order to match you with a lender that will best accommodate your needs.
Car Loans in Canada
Because large Canadian financial institutions have been forced to compete with smalling lending institutions that will extend lending options to those with bad credit, the odds are in your favour, even if you have a history of credit problems. Chartered banks often pay significant attention to a borrower’s credit history while smaller lenders with specialized experience for those with low income or bad credit focus more on a borrowers ability to make payments.
Credit Issues? No Problem!
At Auto Source, we match you with experienced lender’s who specialize in low income and bad credit car loans in British Columbia and throughout Canada. These lender’s often will have minimum income requirements. Here are some of the factors that are taken into consideration by a bad credit car loan lender.
- Total income
- Security of income
- Term of employment at current job. If you’ve been employed for less than 2 years, be prepared to submit previous employment and previous home address.
- Term of residency at your current address.
Auto Loans For All Credit Situations
Car shoppers with bad credit history or filed for bankruptcy represent a large group of Canadians which means that there are lenders that are committed to working with you! At Auto Source, we work with lenders that will look at the specifics of your situation and develop a plan that will work for you. If you don’t qualify with the minimum income required, you may still be able to qualify with the assistance of a qualified co-applicant.
Auto Source will Work With You
Auto Source professional team of automotive finance experts have access to lenders who specialize in getting you approved. No matter your credit situation, Auto Source makes it easier than ever to get pre-approved and behind the wheel of your next vehicle. Take a few minutes to get started by filling out our secure online automotive credit application today.
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