Looking for New Wheels in Northern Saskatchewan?
Are you car shopping right now? With so many makes, models, and features that are available today, you may be feeling a bit overwhelmed with all of the options. Loan Doctor would be happy to help you narrow down the search. We have access to an amazing inventory of new and pre-owned vehicles to choose from, and we can help you with financing, too. We are area leaders when it comes to approving car loans in Northern Saskatchewan, and one of the courteous and professional members of our team would be happy to assist you every step of the way from beginning the initial application, to getting your loan approved. If your credit has problems, do not worry; we specialize in bad credit car loans. Please start the process by filling out our easy online credit application.
Loan Approval Even With Bad Credit
Many people with bad credit worry that they will never be able to get another loan. This is simply not the case. Even with bad credit, you can get loans for just about everything. If you need a vehicle, your credit should not prevent you from getting one. With bad credit car loans, you can buy a car and have a monthly payment you can afford each month. By making those payments on time, you will start to repair your bad credit.
Not just anyone will give you a loan if you have bad credit. Most banks and credit unions will turn you away if you have bad credit. But if you find the right company who works with people with bad credit or slow credit, then you can get approved. Some companies will even help those who have filed for bankruptcy. At the Loan Doctor we are one of those companies and we make the process pretty quick and easy. We just need to see that you have some kind of money coming in and that you can afford monthly payments.
If your credit is bad because you have fallen behind on payments in the past, we will help you figure out a payment you can handle. We won't get you into something that is out of your budget. We understand the importance of having a vehicle and won't let bad credit stand in your way.
Be realistic about what kind of car you can afford. Think about your other monthly bills and obligations and talk with a loan specialist about what kind of payment will fit your budget. The main thing is that bad credit should not stop you from getting a loan. Bad credit car loans are available to those who want a second chance to prove they can handle a loan payment.
How to Get a Bad Credit Car Loan
Whether you have excellent credit or bad credit, chances are good that you will still need to buy a car when you need one. We offer bad credit car loans that are competitive and easily affordable so that all of our customers are able to afford to buy the cars that they need - when they need them. If you are thinking about getting a bad credit car loan, read on for some helpful information that you can use to secure your car loan:
Complete a Credit Application
The first thing you will need to do when you are thinking about taking out a car loan is to complete a credit application. The credit application will help lenders understand your current financial situation and get a better idea about your financial patterns and history. We have this credit application available online through our secure server.
Once we review your credit application, we will develop a variety of options that will help you to get a loan. Some of these options will be very affordable, such as low monthly payments for a longer period of time. Other options may require more of a financial commitment each month, but may take a shorter amount of time to repay. Our lenders will discuss the differences between each of you options so that you have all of the information necessary to make a wise financial situation.
Find the Right Car
Once we discuss your financial options with you, you will be in a better position to select the right car for your needs - both financial and lifestyle needs. Our dealers can walk you through the lot in order to select the right cars for your budget and needs. We also ensure that you have plenty of used car options to choose from so that you are happy with your final purchasing decision.
Commit to a Loan
After you select the right car, we will draw up the paperwork required to complete the loan. During this final step, you'll need to commit to the loan that's right for you. Once you commit to the loan program, you'll need to repay this loan in monthly increments for the set period of time.
We look forward to working with you regardless of your credit situation in order to ensure that you have the best loan options possible for your unique financial situation. Contact us today to get started!
How To Qualify For Low Interest Car Financing in Northern Saskatchewan
Buying a new car can be expensive, but there are still ways to reduce your costs. If you are taking out a loan, you can qualify for low interest car financing by following these simple steps.
First, your beacon score will affect your interest rate, so if you need to wait a few months while paying off a credit line or resolving account issues, it's definitely worthwhile to do so.
You should be willing to do your research and shop around for the best rate. There are also other ways to get lower rates, such as buying a car that is an older year. A good lender will not only offer you a low rate, but will walk you through what you can do to qualify for the best rate.
Low interest car financing can save you so much in the long run. You're making a great investment when you take the time to find a company like us at the Loan Docotor that will work with you and help you get the best rates available.
Improving Bad Credit Before Car Shopping
If you've recently discovered that your credit is less than average, shopping for a car can be a discouraging process. Most people require some level of car financing in Northern Saskatchewan in order to purchase a vehicle. When a lender makes a credit inquiry, several key factors can impact what kind of lending options they present. But even with Poor Credit, we can Help identify which of those areas are your biggest liabilities, and how they can be reduced in order to help you purchase a vehicle.
One of the top contributing factors creating low credit scores for individuals is excessive debt. Debt can be measured in different ways, but it's most readily seen in consumer credit cards, mortgages, and student loans. Even if you have a history of generally paying your debt on time, a high debt-to-credit-limit ratio will negatively impact your chance of getting auto financing. Avoid credit card maximums at all cost! By reducing your overall debt level by a small percentage, your odds of getting considered for a car loan can greatly increase.
Another important thing to review in your credit history is past-due or delinquent accounts. Even if a past-due account is for a relatively small debt, the decision to leave it outstanding can really hurt your credit. Bring any accounts that aren't current up to at least the most recent payment. Something else many people don't realize will be checked is the number of credit accounts you've attempted to open.