880 Walkers Line, Burlington, ON, L7N 2G2, Canada

Best way to secure a poor credit car loan in Guelph

Best way to secure a poor credit car loan in Guelph

If you're looking for the best way to secure a poor credit car loan in Guelph, you are in the right place.

Our Guelph auto loans team are going to show you the steps you must take to fix your credit, so you don’t have to deal with these challenges again.

Stick around with us until the end of this conversation, and you will be behind the wheel of a car in no time.

Assessing the root cause of your poor credit

Before you can rebuild your credit, you need to understand what is causing your credit score to be low in the first place.

Start by signing up with TransUnion and Equifax, there is no charge for their credit reporting service, and you need to stay abreast of what each credit reporting agency has on file.

You could have a decent TransUnion credit score, but Equifax is dragging you down because there are mistakes inside the report.

Fortunately, you can remove these mistakes from your credit report free of charge by following the official dispute process displayed on both TransUnion and Equifax’s respective websites.

These mistakes could stay on your credit report for up to seven years, so you need to start working on them now.

Simple to follow credit rebuilding tips you can implement right away

In school, the majority of us were never taught anything about finance or money management, so credit may seem like a complicated topic.

To rebuild your credit score, you just need to follow these simple suggestions.

  • Making your payments on time is one of the biggest factors that impact your credit score. Make sure you are paying at least the minimum amount due by the due date every month without fail. While you cannot change the past, promise yourself going forward that you will always stay current with your obligations.
  • Reduce the total amount of debt you are carrying, you are paying high interest to service these debts, and they limit your ability to get a car loan in the future. Try to keep your overall credit utilization rate to forty percent (40%) or lower, and you will start to see your credit score improve.

How to get a car loan today with poor credit

We have covered some of the steps you need to take to raise your credit score, but it will take some time before your hard work pays off.

If you need a car loan today, you should contact a local car dealership, one that has extensive experience in helping people just like you who are facing challenging times.

What you need to do right now is contact the local dealership right away and get the process going.

These dealerships already have existing relationships with lenders all across Canada, so they will be able to find a lender that is willing to give you a chance.

The sooner you contact the local dealership, the faster you can get behind the wheel of a new car.

We will use all our skill and experience to help you secure a poor credit car loan in Guelph, guaranteed. Contact Car Nation Canada Direct to learn how we can help.

Categories: Auto Loan

Tags: ,