Bad Credit Car Loans and Auto Financing Dawson Creek, British Columbia
Dawson Creek vehicle financing for bad credit in British Columbia
Most people go through rough financial times. If you have gone through one and have recovered or are in the process of recovery, one of the things you may be looking at is buying a new car.
You know that your financial position is such that you can now afford it. But your credit history may still be working against you. The finance company has no choice but to look at your car loan application based on your credit rating and history. But this does not mean that you cannot buy the new car you want. Here are a few tips on getting bad credit car loans.
Start off by knowing what your credit rating is. You are entitled to one free report a year and if you need an additional more current one, it will be available for a small fee. Reports are usually available online. Your current rating will be a key factor in the finance company deciding whether you fall under the bad credit car loan category and the amount of interest you will pay.
The lower your credit rating, the higher will be the rate of interest. This is only fair. As far as the financier is concerned, the lower your credit rating, the high the risk he is taking in lending you the money and he has to justify this by getting higher returns. Before applying for a car loan, pay off as much of your outstanding debt as possible. The lower your total outstanding debt, the better your chances of getting financing. Even if you are classified as a bad credit car loan, the fact that you have paid off other lenders will work in your favor.
It's Our Goal to Get You Approved!
Have you been around the block a few times with other car dealerships? Are you still finding yourself with no car and no means of financing? Why not try Loan Doctor for all your vehicle purchasing needs? We specialize in helping people who may have been turned away from other lots due to past credit issues. It's our goal to get car loans in the Dawson Creek area approved for our clients and help them improve their credit over the course of their time with us.
Loan Doctor is a well-established, one-stop shop for vehicles, service, and financing. We have clients with all kinds of credit histories from bankruptcy to slow credit to repossessions. Our specialists are available by phone or online to assist you with any questions you may have. Contact us, today!
Visiting the Dealership
If you have a test drive scheduled with Loan Doctor in the upcoming future, we look forward to seeing you! Before you come, it is a good idea to pull a copy of your credit reports and scores so you will know where you stand. In order to obtain car financing in Dawson Creek, it is better if you come a little prepared.
If you are able to identify any problems in your report that may cause approval issues, share that information with your contact from the dealership. In this way, we can help custom tailor a financing approach that will hopefully make your approval go faster and more smoothly. We work with lots of different lenders, all with varying approval requirements. Chances are, we can get you behind the wheel!