Bad Credit Car Loans

Apply for a car loan in under 60 seconds and get approved within 20 minutes. We have a 99% acceptance rate!

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Need a car loan? We can help you. Apply for a car loan in under 60 seconds and get approved within 20 minutes. We have a 99% acceptance rate!

Have bad credit and need a car loan we can help? We help people with bad or no credit get car loans. Apply for a bad credit car loan today, by clicking the apply button above.

How to get the best bad credit car loans

Our number one recommendation to getting the best deal on your car loans is to apply to as many loan companies as possible. The loan industry is competitive; and finical companies are willing to compete to have you as a client, so use this to your favour. Shopping around for a good car loan isn’t difficult and will end up saving you a lot of money in the long run. If you can decrease your interest rate by even 1% you’ll save hundreds of thousands of dollars in the long run. So spend the time comparing loan companies!

How bad credit affects getting a car loan

Having bad credit doesn’t stop you from getting a car loan, but it sure can make it hard! Poor credit or no credit increases your interest rate, makes it harder to be approved for a loan, and lowers the amount you can borrow.

We always recommend people do everything they can to fix their credit, the first step is getting a credit score: http://www.consumer.equifax.ca/home/en_ca

Getting your credit score is important for two reasons

  1. You’ll have baseline credit score and know how good or bad your credit is. It’s important to track your credit score to see weather it’s getting better or worse!
  2. You can check for any errors. Credit scoring agencies like the one above make mistakes. It’s important to know if there’s any mistakes affecting your credit score negatively. A small mistake by the credit agency can cost you big money, since their mistake can effect your credit score; therefore your interest rate!

Making sure your credit history is accurate is the first step to helping you get the best car loan you can get, but not the only step.

Fixing your credit history

Fixing your bad credit can be tricky but there is a few things you can do quickly to improve it.

  1. Pay all your bills on time if possible
  2. Don’t open to many credit cards
  3. Don’t do a credit check every week!
  4. Pay down your smallest debts first if possible

That’s it! Follow the steps above and you should be able to drastically improve your credit score in a few months.

We always recommend doing whatever you can to fix your credit before getting a loan. So be patient and don’t buy a car if you don’t need it right away. Fixing your credit score is more important and will save you money in the long run if you can just wait a little.

Bad Credit Car Loans
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