subject: Tips for when you have bad credit [print this page] Bad credit can hinder your future plans and keep you from getting a car loan. Late
payments, charge-offs or settlements show up and stay on your credit history for seven
years. There is no easy or quick way to rebuild bad credit or sweep it under the rug. Bad
credit can make it nearly impossible to get new credit financing or car credit. Legally,
there is nothing you can do to fix this, but there are ways to start rebuilding and repairing
a bad credit history.
Steps to Rebuilding Bad Credit
1. Get a copy of your credit report - Equifax Canada and TransUnion Canada
Review your credit report for accuracy and notify the credit reporting agencies right away
with any errors. It's important to know your credit scores to start repairing them. Lenders
use your credit score to determine if you qualify for a loan and the interest rate on the
loan.
2. Pay your bills on time
3. Apply for a credit card with the lowest possible interest and pay the bill each month on
time. This payment shows as current and helps to rebuild good credit.
If you are looking for a car loan a bad credit score can negatively affect you, but there are
companies to help you. Horseshoe Financial (www.horseshoefinancial.com) is a company that specializes in getting you approved for a car loan regardless of past credit history. They work with bad credit, bankruptcy, collections, repossessions, divorce, self-employed or low income. They have a team of experts to guide you through the process and help you get that car loan.
Horseshoe Financial Services is part of one of the largest and oldest automotive dealer
groups in Ontario, with over 80 years in business. They handle new and used cars, trucks,
vans and SUVs and have over 800 certified pre-owned cars on site. Their affiliation with
six new car manufacturers can give you more options, lower rates and better loan terms.
Help with a car loan in Hamilton or a car loan in Oakville is available through Horseshoe
Financial Services.
People at Horseshoe Financial are easy to work with, and they want to provide the best
possible service and the best possible terms and conditions on your loan. You can fill out
an online car credit application in confidence or speak to an agent by phone. Horseshoe
Financial Services is helping customers across Hamilton, Burlington, Ancaster, Stoney
Creek, Oakville, Milton, Mississauga and Niagara. Visit them for help and information:
