- The world can be a tough place.
- Bad things do happen to really good people.
- You deserve to have a reliable vehicle.
- Working with a sense of urgency is critical.
- Speed and compassion really count!
- Building a credit history is usually necessary if you plan to finance a big purchase like a car.
- Understand your “needs” versus your “wants” and do not buy impulsively.
- Understand the true cost of your purchase can be very high when you factor in interest and how long it takes to pay it off in full.
- Don’t accept or use any form of credit until you understand and are comfortable with the terms and conditions.
- Start now and you can rebuild your credit history and become a borrower in good standing.
REBUILDING YOUR CREDIT HISTORY…
Apply for a Secured Credit Card
- Secured Credit Cards require you to leave a deposit with the credit card issuer as a guarantee. The deposit is usually equivalent to the card limit.
- Make at least the minimum payment by the due date. If you cannot pay off your balance in full each month, make at least the minimum payment on each of your debts on-time. Late payments will count against you and negatively impact your credit score and credit report.
- Do not apply for too many credit or loan products. Having too much credit can negatively affect your credit report. Try to use less than 35% of your available credit. Do not fill in too many applications for credit and loans because everything you do, your credit history is checked. Each credit check can affect your credit score.
Check your Credit Report
- You can order a free copy of your credit report from either one of Canada’s two credit rating agencies, Equifax and TransUnion. Keep in mind that each agency may have different information about you in their files so you should check your credit report from both agencies at least once a year for possible errors and get them corrected as soon as possible.
Frequently Asked Questions
What information do you need for an approval?
The approval is very quick. We will need your name, address, current employer and annual income.
What if I have really bad credit?
Sometimes things happen in life that affect our credit negatively. Every person is unique and we respect that. We maintain close relationships with top lenders to get you an approval.
I have had a bankruptcy. Will I still qualify?
We can help you secure a loan even if you are going through bankruptcy.