Get A Loan Even If You Are Divorced With Bad Credit


Are you recently divorced?  We understand and can get you a car loan.  Divorce can cost a lot of money and can drain you emotionally and financially.  But just because you have gone through a divorce and are left in a financial bind does not mean you should not be able to get a car loan in Ottawa.


If you lost the car in the divorce, you need a new one and you probably need it now.  Don’t wait any longer, contact us so we can get you on the road in no time.  Even if your finances are drained and you are in a lot of debt, we can still get you financed.  Even if your credit is really bad, there is no need to stress.  We help people in these kinds of situations.  No credit, bad credit, divorce, bankruptcy and new to the country; we finance all types of credit and all kinds of people.


If you have money coming in, we can work out a comfortable payment plan that will allow you to pay back your loan easily.  A loan specialist can work out a loan for you that you can handle. We don’t want you to get in over your head again.  We already know how much a divorce can affect your income and your credit.  If you pay alimony or child support and don’t have much money left over for a car payment, we will find a way to get you something that you can afford.


There really is no reason to give up hope of ever getting a car loan in Smiths Falls again if you are divorced. Our loan specialists work hard to get you financed for a new or used car. It doesn’t matter what your past credit history is.   Bad credit? No credit? Recently divorced?  We understand and can get you a car loan in Cornwall today.  Don’t wait any longer, get back on the road in a new car and start repairing your credit at the same time.

Collections? You Can Still Get A Car Loan

There are certain situations that can adversely affect your credit score and impact your ability to get a new loan for a car or a house.  Missing payments, having a lot of debt, repossessions, and going into collections for your debt are some of the major factors that can decrease your credit score.  Have you gone to collections?  You can still get help with your car financing in Ottawa.  There are loan companies that  specialize in granting loans to people with poor credit scores or even no credit score.

One of the ways to improve your credit score is to get a car financed and then make your monthly payments on time every month until your car is paid off.  Paying your bills on time comprises about 30-35% of a person’s credit score.  This is a great way to improve your credit history and show that you have a proven track record of paying your bills on time.  Improving your credit score in this way may help you get a better interest rate and a lower monthly payment on loans that you apply for in the future.

If you have a collection impacting your credit score, many banks or car dealerships will not give you auto financing.  That’s where loan companies that deal with low or no credit scores come in.  They will often be able to work with you and make sure you are getting the right kind of loan that works for you.

In conclusion, even with poor credit resulting from a collection or missed monthly payments, you may still be able to get a car loan in Peterborough.  Contact a well-reviewed loan company that specializes in granting loans to people with poor or no credit.  This can be the first step to improving your credit score and eventually paying off your new car.  Think of getting a car loan as the first step to rehabilitating your credit score.  Remember, even if you have gone to collections, we can still help with your car loan in Ottawa.

Re-Establish Your Credit With A Loan

Bad credit can be a difficult predicament to shake. If you have a low credit score due to bankruptcy or another unfortunate event, you may feel that you are doomed to have bad credit for the next several years. The thought of rebuilding your credit score can seem daunting. Luckily for you and people in your position, however, there are simple ways to better your credit score. If you would like to re establish your credit, get a car loan. All you have to do is find a lender who is willing to work with you. You might not believe it, but there are lenders who are able to grant loans to people with bad credit.


If you do not know where to begin looking for a lender, research companies that offers loans to people with a poor credit score. You may worry about being ineligible, but some lenders will be able to offer you a loan even if you have filed for bankruptcy or you have been through repossession. Contact a lender and let them know you are interested in getting a car loan and reestablishing your credit. You will most likely have to go through a simple application process. Once you have completed your application, your lender can approve you for a bad credit car loan in Ottawa and get you into a car.


Getting a car loan is a good way to rebuild your credit, but only if you make all your payments on time. As long as you are diligent in repaying your loan, your credit will slowly begin to repair itself. If you need more motivation to make your payments on time, consider that fact that if you make your loan payments in a timely manner your lender may be able to work with you to lower your interest rate over time. If you communicate with your lender throughout this process and are honest with yourself about what kind of monthly payments you can afford, getting a car loan in Ottawa will put you on the path to reestablishing your credit.

Getting Ready for Winter Driving


When severe winter conditions strike, sometimes it is best just to stay at home.  That being said, if you must hazard dangerous driving conditions, the importance of winter tires and good driving skills cannot be overstated.  You can reduce your risk of having an accident by following these safety and preventative maintenance options:


The importance of winter tires


Tires that perform well in the snow will have at least 6/32” deep tread.  For new cars, the tread will normally be 10/32”.  ‘All-Season’ tires do not always have great snow traction.  If you are considering purchasing a set, make sure they have a ‘snowflake on the mountain’ image on the sidewall.  This means they meet or exceed the industry standard for snow traction among ‘all-season’ tires.  Keep your tires rotated and balanced regularly.


Maintain Visibility


Keep your windshield and all windows clear of snow and frost and grime, including your mirrors.  When your car is covered in snow, do not be tempted to simply remove the snow lying on your windshield.  Get the snow off your roof and hood.  As the car warms, the surface of the roof heats up and causes the snow there to begin to slide.  Coming to a sudden stop will cause that snow to slide over your windshield and block your vision.  Make sure your windshield wiper blades work properly and that any ice is removed from the blades.  It is a good idea to keep the wiper blades in the upright if you must park your car in elements.  This keeps them from getting iced over.


Check your lights.


On a weekly basis, visually inspect all of your exterior lights.  Newer cars will have sensors to let you know when a bulb has failed.  Even if your car does have these sensors, it is a good idea to check to make sure the covers of all lights are not cracked or broken.  It is also a good idea to have a mechanic adjust your headlamps to make sure they are casting light at the right angle.


Know how to use your brakes


If your vehicle has anti-lock brakes (ABS), the simple rule is: stomp, stay and steer.  This means you stomp on the brake pedal as hard as you can.  You stay on the brake pedal as you steer your vehicle around the obstacle.  If you are driving on icy roads, after you stomp the brakes, you will hear the braking system working and pulsing.  Ease up on the pedal just a little until you feel the pulsing occur once a second.


No matter how good a driver you may be or how well your vehicle has been prepared, some winter conditions simply are not navigable.  Understanding that keeping your vehicle in good shape, especially realizing the importance of winter tires will help keep you safe and sound if you must go.

If you are shopping for a low interest car loan in Ottawa, Loan Doctor has you covered. We offer car loans and bad credit car loans in Ottawa. New credit, bankruptcy, slow credit,  or new to the country are welcome to apply

Looking To Re-Establish Your Credit Rating?


If you have bad credit or no credit but still need to buy a car, chances are good that you are concerned about whether or not you will be able to qualify for a car loan in Ottawa. The good news is that when you apply for a car loan with our dealership, you can be sure to get one regardless of whether you have bad credit or good credit.

Here are a few things that you need to know in order to get an excellent car loan for a reliable car that will last for years to come:

Understand credit

Before you apply for a car loan, it’s important to understand what credit is and why credit is an important factor in your car loan in Peterborough. Credit is an accumulation of points related to your past financial decisions. When you have a history of making wise financial decisions, you will have positive points attributed to your credit. However, if you have made bad financial decisions or do not have a long credit history, then you will have negative points applied to your credit.

How credit impacts a loan

Based on your credit score, lenders will determine how much of a loan to give you and what interest rate to apply to that loan. If you have a good credit score, you may be able to qualify for a higher loan and lower interest rate. If you have a bad credit score, you will still qualify for a loan with us, but you may qualify for a smaller loan and a higher interest rate than those customers with good credit. Keep in mind that you will still be able to get a safe and reliable car from us even if you do have limited credit opportunities – so don’t worry about that aspect!

How to apply

Whenever you take out a car loan, you’ll need to start the process by completing a credit application. The credit application is designed to provide us with information about your credit history and current financial situation. Based on your credit application, we’ll be in a better position to design a loan program that suits your budget and lifestyle without being difficult for you to afford. You can start this process online using our online credit application.

Contact us today to learn more about how you can qualify for a no credit or bad credit car loan in Ottawa today!