Repaying a car loan on time can help you improve your credit. Even if you have poor credit, auto financing often helps to improve your credit by showing future lenders that you are able to pay off your loans on time and as promised.
However, if you ever fail to repay a loan or if you skip a monthly payment, there will be a record of it on your credit history.That's why you should only take out a loan if you are completely confident that you can repay it on time and without creating too much of a financial burden on you or your family.
Poor credit auto finance options are available to individuals with poor credit with us at the Loan Docotr for customers in the Timmins area. Just remember: repaying the loan is the only way to increase your credit score and prove to future lenders that you are financially responsible. Therefore, only take a loan out if it is something that you can truly afford.
Two Minute Application
Quick, easy and secure credit application. This is the first step in rebuilding your credit and getting the vehicle you want.
Choose Your Vehicle
Loan Doctor has access to thousands of cars, trucks, vans and SUVs across the country. We finance all makes and models!
Congratulations on your new car! Loan Doctor will continue to work on lowering your interest rate even after you drive away.