Don’t let your credit challenges get in the way of an approval
No Credit, No Problem!
At 360 Approved, we understand the difficulty and time-consuming effort it can be to get a car or truck loan with bad credit or no credit. It is important that you find an auto loan company that understands credit challenges, and can that can work with you to help you find a car loan that’s manageable. We do just that by simply putting you into loan terms that fit your budget, all while helping you strengthen your credit score in the next 12 to 18 months.
Within that time frame, you can build a better credit score with a car or truck loan as long as there is no negative activity on your credit report. Make your payments on time and consistently and your score will increase. This is due to the simple fact that a car loan is considered to be “installment loans”, and they are one of the best ways a to establish a credit history, as long as no car loan payments are missed.
By undertaking an automobile loan and paying it you will demonstrate to banks and other lenders that you are financially stable and can handle regular payments on a large loan. You must keep in mind that when applying for a car loan with no credit, you may be asked to obtain a co-signer. But here at 360 Approved, our highly trained credit advisor team can work with your individual situation and may be able to get you approved for a car loan on your own without a co-signer
360 Approved has partnerships with major Canadian banks and lenders (both public and private) to provide you with options for an auto loan at the best possible interest rates. All of our partner lenders will report your car loan to the three main credit bureaus, which will allow future lenders to see your current loan and help you establish credit. Drive Away Auto Loans does NOT limit you and your vehicle choices simply because of your lack of credit or past credit issues. Remember, we work for YOU, not the finance companies.
Oh, and another great thing about working with 360 Approved, is that we are not your typical auto loan provider or banking institution. We specialize in bad credit and no credit auto loans and work with you to build your credit over time. Whether you are a newcomer to Canada, a student or those with no credit due to bankruptcy are welcome to apply. Get in touch with us today and let us get you back on the road tomorrow!