6 Tips For Improving Your Bad Credit

  1. Order a free credit report and check it for errors. If the credit report is in error and lists late payments for accounts that you paid on time, or lists incorrect and overly large amounts that you owe on open accounts, you can improve your credit by having the errors fixed.
  2. Reduce your debt and get current with payments. Set up payment schedules—automatic deductions from a checking or savings account can be helpful—where you put more of your available budget toward your high-interest loans and pay the minimum on your other loans. Get current with any payments you’ve fallen behind on, especially debt that has gone to collections. Keep in mind that paying off collections won’t restore your bad credit, but it can keep it from getting worse. Automatic deductions can ensure that you don’t fall behind again.
  3. Take out a small loan that you don’t strictly need, but can easily pay back. This advice is fairly self-explanatory, but if, for example, you have the money to buy a new refrigerator outright, go ahead and take out a small installment loan for it instead. Then be sure to repay that loan in a timely fashion.
  4. Although this may seem counter-intuitive to good credit advice; improve credit with a car loan in Sudbury or other major purchase loan. Taking out this kind of loan creates a bigger mixture of kinds of credit you have. The diversity of your credit does affect your credit score, and responsibly paying back a major purchase like a bad credit car loan in Sudbury can help you in the long run.
  5. If you don’t have a credit card, or only have one or two, open a new credit card. Showing that you can manage one or several credit cards responsibly will improve your credit. Of course, if you are behind on credit cards that you already have, it is important to pay off your current cards first.
  6. If you are having problems managing your debt, get in touch with your creditors and possibly see a well-reputed credit counselor. Your creditors can work with you to establish lower monthly payments. Credit counselors can help you establish budgets and develop good financial habits. They may advise you to seek debt consolidation, which can lower your monthly payments.

Get Approved Online

Getting approved for a car loan in Sudbury can be easier than ever with fast easy approvals online. No more having to go to a lender or dealership to get financed, you can get approved within minutes with just a few clicks of the mouse.

 

You can do a search for online lenders and will only need to enter a little bit of information in order to find out if you are pre-approved.  If you have been pre-approved, the application process may go into a bit more detail.  Loan Doctor Northern Ontario will need to know the amount of your income and will need to verify your employment.  Credit is not always a factor when it comes to getting fast easy approvals online.  Even if you have bad credit, you can still get approved.  Many lenders understand that people fall on hard times and often see their credit score drop. This does not mean you can’t get approved for a bad credit car loan in Sudbury.  You can get a second chance to rebuild your credit with a new car loan. Just make sure you do not borrow more than you can handle.  You don’t want to fall back into a pattern of getting too far in debt.  Make sure your payments are manageable and that you can make them on time.

 

After you have gone through the online process of applying for a loan, you may receive a phone call or email telling you that you have been approved.  Make sure you read through the loan agreement very carefully so that you know what to expect and what is expected of you.  Blindly signing something that you do not understand is not smart.  If you have questions about the agreement, make sure you talk to a loan representative.

 

Once you have been approved and have signed for your loan, you can start shopping for a car.  No more hitching rides from friends or taking the bus, you will have your very own car to drive and an easy loan payment you can make each month.

Why Buy From A Dealer?

If you are in the market for a used car, then we’d like to urge you to take a closer look at the used cars that we have in our inventory. At our dealership, we work hard to make sure that we have the best inventory of a wide variety of used cars of all types – including used sedans, used vans, used trucks, and more.

Here are a few reasons why we think you should buy your used car from Loan Doctor in Nothern Ontario:

Financing

One of the most important things for many of our customers is the price of the used car. We work hard to make sure that each of our used cars is priced to sell, which means that we offer the lowest possible prices for used cars of all types. In addition to our excellent prices, we also offer great  car financing in Sudbury for every used car that we sell – including used car loans, trade-in values, and even extra programs to help lower the cost of the new cars.

If you think that you may want to get financing for your used car, get started with the process online through our Web site. We have an online credit application that you can complete from the comfort of your home or office when you’re ready to get started applying for a loan. You can also learn more about the trade-in value of your used car by checking the approximate value online through our Canadian Black Book link. You can also check to see what special programs and opportunities are going on at our dealership now – or that are coming up.

Inventory

We work hard to keep a fresh inventory of new cars and vehicles on our lot so that our customers can always find the right used cars for their needs. We also post information about these used cars online through our inventory link. Check our online inventory for more information about each of these cars, including photos.

Personalized service

In order to help ensure that you get the right used car for your needs, it’s important that you select a car that not only runs well, but that will also last for years to come. In order to ensure that you get the right car, our dealers will tell you as much as you need to know about each of the used cars in our inventory and provide a full inspection of each car before we sell it to you. You’ll also have a warranty with your used car!

Contact us today to learn more about our used cars or apply for your car loan in Sudbury today!

Speak with Loan Doctor to Save Money on Used Cars

For many people, buying a used car is a scary thing. There are so many car options, financing options, and variables out there that it can easily become overwhelming for the average person to feel confident in the buying decision that they are about to make. Regardless of your used car buying experience, we encourage you to start your used car purchase with a trip to your dealer.

By stopping by the dealership first to discuss your options and opportunities, your dealer can not only provide you information about financing, but can also help you find the right car for your needs. Here are a few ways that your dealer might help to make the used car buying processeasier than you’ve even imagined.

Reliability

While we’d all like to think that every car we buy will last for decades without needing repair or service, the reality is that used cars and new cars are tools that are built on engines and parts that will inevitably wear down. Even the best built cars will need to be serviced, have parts replaced, and upgraded from time to time. However, not all cars need service on the same schedule.

Your dealer will be able to show you which cars are most likely to require the most or least amount of service in the coming years. By being able to predict the service that your car will need, you’ll be able to predict the true cost of owning your car with a greater degree of accuracy.

Cost of Ownership

Owning a car is not only expensive if you need service, but it can also be costly to maintain. For example, it’s obvious for many people that SUVs are more expensive to operate than smaller coupes simply because of the gas they guzzle. There are other considerations that you may want to think about as well. A dealer can help you take a look at all aspects of a car to decide which options are the best for you.

Options

Buying a used car doesn’t mean that you have only one type of car available to you. When you speak with a dealer, your dealer can show you a variety of options that will not only cost different amounts to buy, but that will cost different amounts to operate and will have different resale values.

No matter what kind of used car you’d like to buy or what your budget is, start your used car buying search by speaking with a dealer in order to save money and get the best car loan in Sudbury for you.

 Loan Doctor Northern Ontario can help, contact us today  for guaranteed car loan approvals regardless of past credit issues, and a huge inventory of used cars and trucks to suit both your lifestyle and your budget.