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A Bad Credit Car Loan is Only the First Step in Rebuilding Your Record

  We deal with many families trying to survive in a hostile economic climate and we help all we can. Anyone wanting a bad credit car loan will find friends here. One of the questions we are asked time and again is, “how long will it take for a bad credit car loan to fix my credit score?” Firstly, the question is the wrong one to be asking and secondly, a bad credit car loan fixes your vehicle issues, not your financial ones. Let’s address the question first. A bad credit car loan... Read More » Tags Share Comments (0)
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The Three Cs of Bad Credit Car Loans

  If you have a less than perfect credit score but need a new car, there are now many way to finance that purchase. You can approach a lender, lease the car, or get a bad credit car loan from Car Nation Canada. We work with Car Loans 4 You, a leading provider of car loans. When your application is being assessed, there are three main things a lender will check, Collateral, Character and Capacity. Let’s take a quick look at each of these so you can better understand what you need to get... Read More » Tags Share Comments (0)
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The Changing Landscape of Auto Financing

  While there is still a long way to go, the economic recovery is well on its way. After four years of tight lenders, high interest rates and tough time, we are finally seeing more lending and lower rates. Great news if you’re looking for a bad credit car loan. It took lenders a while to wake up to the fact that everyone was being affected by the crisis and to accept that normal, hardworking families needed devices such as bad credit car loans to get by. Thankfully, they finally got... Read More » Tags Share Comments (0)
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Solving Problems with Bad Credit Car Loans

  If you’re one of the millions of Canadians suddenly finding themselves with a less than perfect credit score thanks to the world economic climate, applying for a bad credit car loan may be your only chance to get the car you need. For a while, the only way someone with adverse credit could get a car was with “buy here pay here” dealerships or specific lenders. Both of whom would charge much higher rates of interest to cover the perceived extra risk. Fortunately those days have... Read More » Tags Share Comments (0)
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Auto Loan Enquiries and Your Credit Score

  As bad credit car loan specialists, we often deal with people who want to preserve their credit score as much as possible. A client asked us a question the other day that we found interesting and we thought you might too. As it wasn't the first time we have heard it, we thought we would also post it here on our blog so you could all read it. The question was; “If I want to shop around for a car loan and ask for several quotes before settling on one, how does it affect my credit... Read More » Tags Share Comments (0)
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New Borrowers Keeping Up With Car Loans

  One of the main lessons learned over the past five years is to only borrow what you can afford to repay. That lesson seems to have hit home with auto loans, as data released yesterday shows that the vast majority of borrowers are maintaining their loans. Whether it’s a bad credit car loan or a standard one, according to a release by the Detroit Free Press, via Leftlane News, only 0.36 percent of auto loan borrowers were delinquent in their finances. That’s good news for borrowers,... Read More » Tags Share Comments (0)
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We Pay More For Your Trade

  There was a time when trading in your old car was the last thing you did. It was always better to sell it privately as you would get much more for it. You could then walk into a dealership with cash and get a decent discount on your new car. Times have changed, the auto industry has evolved and the world recession has changed how things work. Now, there are hardly any discounts for cash and used car values are so high, many dealers will offer a good price for them. Car Nation Canada... Read More » Tags Share Comments (0)
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How a High Utilization Rate Can Affect Your Credit Score and Ultimately Force a Bad Credit Car Loan

  Even if you have paid all your bills on time, your credit score can still be affected quite dramatically. Sometimes this only comes to light when you’re trying to buy something that needs credit, like a car. Then a bad credit car loan becomes your only option. So why, if you paid everything on time is your credit score regarded as less than perfect? Believe it or not, your payment history makes up, at most, 40 percent of your credit score. If you find yourself having to apply for a... Read More » Tags Share Comments (0)
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Does Being Refused a Bad Credit Car Loan Affect Credit Score?

  While we aren't credit specialists at Car Nation Canada, we do work with one to secure bad credit car loans for our customers. One question we get asked a lot is, if you get turned down for a car loan, will it affect your credit score? Our credit scores have taken a hammering over the past few years and for the most part, it was nothing to do with us. However, we have to knuckle down and handle the situation as best we can. While we certainly aren't credit experts, we have... Read More » Tags Share Comments (0)
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How to Improve Your Credit History

  We have all been affected in one way or another by the economic troubles of the past 5 years. Some have suffered more than others, with many ending up with a less than ideal credit score through no fault of their own. Car Nation Canada works with Carloans4You to provide bad credit car loans for those of you caught up in the recession and need a car. We offer a legitimate, fair way to finance a car as long as you can afford the repayments. However, a bad credit car loan on its own... Read More » Tags Share Comments (0)