Auto Loan Resources

Here you will find articles and general information to assist you in your next car purchase. We have also assembled some great tips on finding your best loan rates. You have found the right web site to offer all your automotive finance questions. If you are looking for information on car loans with bad credit you have come to the right place. Auto Loans Canada offers articles and resources that will help you make the right choices when it comes to new or used car financing.

Bad Credit History

Bad credit history, Adverse credit history, also called sub-prime credit history, non-status credit history, impaired credit history, poor credit history, and bad credit history, is a negative credit rating. A consumer or business's credit history is regularly tracked by credit rating agencies. The data reported by these agencies is primarily provided to them by creditors and includes detailed records of the relationship a person or business has with the lender. Detailed account information, including payment history, credit limits, high and low balances... read more

Factors That Affect Your Car Loan Interest Rates

There are three major factors that affect how much you pay for a loan. Understanding these factors can save you time, money and frustration.

1. The Federal Reserve Discount Interest Rate.
2. Your FICO Score and Credit Report.
3. Lender Business Factors.

In order to get the best rate you can, you can do two things, keep up a good credit history by paying your bills on time, and shopping around for the best rate. read more

Starting Over – Rebuilding your Credit

When your credit has reached a point of “beyond repair” and filing for bankruptcy is your only alternative, do not despair. Bankruptcy gives you a new opportunity to get it right the second time around. One concern for many individuals contemplating bankruptcy is the effect on their credit rating. Bankruptcy will bring a person’s credit rating to an R9 with the credit bureau. It will remain so for 6 years after the bankrupt obtains his discharge, after which it will be deleted from the debtor’s credit file. Does this necessarily mean that you won’t be able to get credit during this period? No, it does not. read more