Here at Auto Loan Solutions, we understand how difficult and time-consuming it can be to get a car loan with bad or no credit. It is important to find an auto loan company that understands credit challenges, and can work with you to help you find a manageable car loan. We do just that by putting you into a loan term that fits your budget, while helping you strengthen your credit in just 12 to 18 months.
Within that time, you can build better credit with a car loan as long as there’s no negative activity on your credit report. This is due to the fact that car loans are considered to be “installment loans”, and they are a great way to establish credit history, as long as no car loan payments are missed.
By undertaking an auto loan and paying it you demonstrate to the banks that you are financially stable and can handle regular payments on a large loan. Keep in mind that when applying for a car loan with no credit, you may be asked to obtain a co-signer. But here at Auto Loan Solutions, our highly trained Finance Managers can work with your situation, and may get you approved for a car loan on your own.
Auto Loan Solutions has partnered up with major Canadian banks and lenders (both public and private) to provide you with more than one option for an auto loan at lowest possible interest rates. All of our partnered lenders report your car loan to the credit bureau, which allows future lenders to see your current loan and help you establish credit. Auto Loan Solutions does NOT limit your vehicle choices simply because of your lack of credit. Remember, we work for YOU, not the financing companies.
The great thing about working with Auto Loan Solutions, is that we are not your typical auto loan provider or bank. We specialize in no credit auto loans, and work with you to build your credit over time. Newcomers to Canada, students and those with no credit due to bankruptcy are all welcome to apply. Get in touch with us today and get back on the road tomorrow!