subject: How to get a car loan if you have been turned down for bad credit car loans? [print this page] How to get a car loan if you have been turned down for bad credit car loans?
If you have been trying to get approved for a bad credit car loan, you will understand the frustration associated with it. Submitting your credit application time and time again, sometimes you wouldn't even get an answer back. Even worse you are been turned down repeatedly even with these loan providers just because your credit is so bad, it is beyond repair, or salvage. It's not uncommon for some one to hit credit rock bottom, you will be surprised how quickly someone's credit score can slide which will take years to build up. There are many Canadians today that fall into this category, you are certainly not alone. The best thing to do after you have reached that point is to stop applying to the wrong sources, and seek out a "no credit check" car loan provider.
These types of loan providers do exist in Toronto; they are your ultimate source for a car loan. Since these loans are mostly personal or coming from a private source, a credit check is not required. This is a major difference between bad credit car loans and no credit check car loans, since the bad credit car loan providers are funded by the local banks, pulling a credit score or credit bureau is standard practice for them. But since the no credit check car loans are coming from some one's pocket, there is no need to check your credit at all.
Have said that no credit check car loans will still have some minimum requirements, things such as your phone bill, or a small down payment may still be required. But your chance of approval is literally 100%, as long as you can prove your story to the dealership; they will approve you for a car loan. These types of loans are perfect answer for some one who has cash income, self employed, living on government assistance and more...The top no credit car loan provider in Toronto is called "Benchmark Automotive Group" you can find them online at http://www.benchmarkautomotive.ca/badcreditbrampton.php thank you for reading, this article is brought to you by Used Cars Scarborough; please visit us online for your instant approval at http://www.usedcarsscarborough.com or for more valuable tips on bad credit car loans.
