Bad Credit Car Loan while in Bankruptcy

 

When You Need A Bad Credit Car Loan While You Are In or After Bankruptcy

bad credit car loan while in or after bankruptcy
bad credit car loan while in bankruptcy

Acquiring a bad credit car loan while in bankruptcy doesn’t have to be difficult. The good news is that you can actually apply and get approved for a bad credit car loan while in or after bankruptcy.  In circumstances such as your vehicle is in desperate need of replacement for example or you just simply needing a vehicle to get to work everyday. Whatever your current situation, you can get an auto loan while still in bankruptcy under certain conditions. The most important being the terms of the bankruptcy with the trustee are being met. Meaning your monthly obligations to the trustee are made on time. The other factors are based on your current income and employment stability, as well as previous credit history. In the hands of an auto credit specialist, we make it all possible.

Bad Credit Car Loan While In Bankruptcy

It is important to note that a discharge from bankruptcy does not automatically restore a good credit rating. What you have is a second chance. Your credit needs to be re-established and a bad credit car loan while in bankruptcy or after you are discharged, does exactly this. After bankruptcy, The loan amount is usually minimal in order to see how well you make your payments on time. This also minimizes the risk for the lender until the credit rating is established.

Bankruptcy Car loan

A bad credit car loan while in bankruptcy reports on the credit bureau like any other loan from your traditional lender. This is the quickest way to re-establish your credit rating if payments are made on time. Unlike a credit card which is a revolving credit and normally starts off with a much smaller credit limit. A car loan which is an installment loan can show future lenders that you are capable of meeting your obligations with a higher credit limit than that of a credit card.



Should You Buy A Prepaid Maintenance Plan?

Should You Buy A Prepaid Maintenance Plan?

Mechanical Inspection

A prepaid maintenance plan is a scheduled service plan listed in your owner’s car manual. It is sold in advance and usually at a discount. The plan is good for a certain amount of time or kilometers. This is often sold at the point of purchase of your new or pre-owned vehicle. Purchasing a prepaid maintenance plan is a convenient way to protect your investment. This service provides peace of mind and convenience for the customer. For the dealer, offering a prepaid maintenance plan ensures a continuing customer relationship by moving the customer experience to the service department.

Benefits of A Prepaid Maintenance Plan

In order to keep your vehicle running like new, The timely care of your vehicle is the main benefit of a prepaid maintenance plan.  The plan is backed by the automaker with certified shop mechanics working on your vehicle. You also get the courtesy call for each scheduled service.maintenance which is one less thing to remember. The prepaid plan does not cover wear and tear but will cover services not included in you factory warranty such as oil and filter changes.There are no out of pocket expenses for the duration of the plan and you simply bring your vehicle in for service. This one-time purchase protects you from future rising service cost. Another benefit is having service records for any future warranty claims.

Should You Purchase A Pre-paid Maintenance Plan

Do some research to see if the plan is right for you. Research the out of pocket cost for each interval service on their own to compare the value. Find out if the service intervals match your vehicle needs. Know that there is a time and kilometer restrictions for the maintenance plan, therefore, you will want to know if this works with your annual kilometer usage. Lastly, for your convenience, find out if you are limited to dealing with the selling dealer for the service. If you are financing the maintenance plan along with your auto loan, know that the cost of the plan will also have interest charges.

 

 



Understanding Credit Score And What It Means To A Lender

Credit Score words on puzzle pieces as factors in your rating -Credit Score and what it means to a bad credit auto loan

Here in Canada we use equifax or Trans Union as the main credit reporting agencies. A credit score is the sum of the activities on your credit report or credit bureau. It is a breakdown of your credit report performance  usually in the last 7 years. The activity on your report is what determines your credit score. Your credit lenders  report to the credit bureau the month to month activities, on how well you are meeting your monthly obligations. How you are paying back a revolving credit (credit cards) or installment loan(s) will determine your score.  Other factors are collections, judgement, bankruptcy or family maintenance reporting to the credit bureau. But the most common of all are the monthly obligations.

Late Payments And Your Credit Score

Having seen so many credit bureaus over the years, some people don’t realize the importance of making your payments on time as agreed. This oversight is very common. Some seem to think the late part of  a payment doesn’t matter as long as they are making the payments. Making your payments outside of that time frame will actually hurting their credit and lower their credit score. This would often be referred to as a “slow payer”. Making late payments may keep the collections department at bay but this will report on your credit bureau and reflect directly on your credit score. Making the minimum payment on time is  better than a late payment.  A late payment pattern, if consistent will affect your  future chances of qualifying for a new credit or a higher credit limit and will ultimately give you a lower credit score.

When shopping for a bad credit auto loan, you may still qualify however, the first thing this will affect is the interest rate.

Improving Your Credit Score

To preserve a good credit score will require a close eye on your credit bureau. Some people don’t have any idea that there is a collection action on their credit bureau. For this reason, do not give  out or lend your credit to anyone. Try not to be a shopper and refrain from getting too many credit inquires on your bureau. Avoid applying for more credit. Be selective on who you give your credit information to. Limit yourself to a maximum of two credit cards if possible, keeping your balances low or none existent. Make your monthly payments on revolving or installment loans on time. This is where a lender can see a clear pattern when reviewing your credit report. The credit score and the behavior they see on your credit report is the behavior they will assume you have if you were to be granted more credit.

 

 

 



Auto Loan For New Immigrants In BC

Auto Loan for New Immigrants in BC

Auto Loan For New Immigrants In BC

Auto loan for new immigrants in BC is possible when you are new to the country. New immigrants are faced with initial challenges and acquiring an auto loan is no exception. Typically, the lack of credit history will get you declined with most banks. Nowadays however, there are some lenders who are making exceptions with certain conditions that depend on your current immigration status and employment.

Auto Loan for New Immigrants in BC

If you are a new immigrant who’s SIN number starts with a 9, you could also qualify for an auto loan. However, the term of the loan will only be for the same time as the working permit.  In addition, you will likely require a down payment along with having full-time employment. Not everybody who is qualified to sell a car will necessarily have the means or know how to help get you the loan so, It would be wise to consult with an auto credit specialist instead to increase your chances for an approval.

Auto Loan for New Immigrants

Another type of financing sometimes offered by auto dealers is called an in house financing. This is only offered through a dealership. Basically, the dealer is privately loaning you the money to purchase a vehicle on their lot. Like a lender, they will dictate the term, and interest rate for the loan. This type of financing is rarely available and only as a last resort. Note that not all dealers that offer in house financing report the loan to the credit bureau.  If ever you are offered an in house finance, it’s important that the auto loan is reported to the credit bureau so you can start establishing credit. A way for future lenders to see you have the ability to meet your monthly obligations.

 



Bad Credit Car Loan BC When Your Credit Sucks!

Applying For A Bad Credit Car Loan In British Columbia

Bad Credit Car Loan BC

 Bad credit car loan bc when your credit sucks, just got easier. We are BC’s very own bad credit car loan auto credit specialist. Located right here in BC, we help more British Columbians than any other competitor in the market. Our process is quick, easy, and secure. Therefore our approval rate ranks highest at 99%. We are experts in knowing how to help rebuild your credit with a bad credit car loan bc. 

Bad Credit Car Loan BC

By now we all know bad credit comes in different forms and is caused by a number of situations or circustances. From a bankruptcy to no credit rating and from late payments to collections. Even the best of us go through hard times where our affordability might be affected. So If you are without a vehicle and don’t qualify for an auto loan with your bank, let us help you. We can get you driving a new or used vehicle within 24 hours. Bad credit auto loan in bc is our specialty and we are rated #1 in British Columbia. Bad credit auto loans for working professionals!

New or Used Bad Credit Car Loan

Credit Queen is an auto credit specialist in BC. We completely understand that you want to avoid making the same mistakes and getting in over your head with an auto loan. So we gladly invite you to a free consultation.  At anytime its convenient for you to discuss your options to find auto financing. We take the time to listen and understand your current situation in order to get you the best possible loan structure. One that will fit your budget and accommodate your needs.

Approving you for a bad credit car loan is just one of the services we provide. Fill out the application now to see how we can help. Again, we are locally here in BC available to meet your auto financing needs. So call our toll free number is 1866-602-3743 or fill out our secure and confidential online application form to begin re-building your credit with a bad credit car loan bc.

We welcome applications from residents in all different parts of British Columbia. Vancouver Island, Nanaimo, Victoria, Campbell River, Port Alberni, Squamish, Permberton, Whistler, Vancouver, Burnaby, Richmond, New Westminster, Surrey, White Rock, Langley, Aldergrove, Cloverdale, Port Moody, Coquitlam, Port Coquitlam, Abbotsford, Mission, Chilliwack, Hope, Kamloops, Merritt, Pentiction, Kelowna, Oliver, Prince George, Williams Lake, Fort, St. James, Terrace, Salmon Arm, Cranbrook.

For an extensive list of cities and hometowns visit

 https://www.credit-queen.ca/bcautoloans/

 



British Columbia Auto Financing With An Auto Credit Specialist

 

British Columbia Auto Financing With An Auto Credit Specialist

British Columbia Auto Financing

 

 

 

 

 

 

 

 

British Columbia Auto Financing is our business. We exclusively serve all British Columbians for their auto financing needs. Regardless of your credit rating, good, bad, or no credit. As an auto credit specialist  our sole business is to get you the best approval for auto financing. Setting our sights in helping you re-establish credit in hope to further assist in your future auto loan needs. With the help of an auto credit specialist, getting approved is really not as bad as you think. The process can be effortless when utelizing our lender partners.

Are you wanting to get a new or used car but hesitant because of bad credit?  Or maybe you need something bigger like a truck, suv or a van?  Start by booking a free consultation to discuss how we can help you. If your credit is good, we can help just the same by giving you other lender options for a best reult auto financing. getting you the best rate and monthy payment for the new or pre owned vehicle. With access to a large inventory of vehcles both new and used, It truly is a one stop shop.

Bad Credit Auto Financing

Our website is home to people for bad credit auto financing in BC.  All bad credit senerio’s are different and  we have auto financing solutions that you can explore with the a free consultation. There is truly no circumstance we can’t help!. At the very least, we can give you sound advice to get you on the right path to re-establishing your credit. The one thing that is necessary however is a full time employment or secured income. That’s it!  Auto financing means no more hitching a ride to work, or taking public transit. And maybe for some people  what it means is finally getting a vehicle with enough room for the whole family!. We help you afford the convenience or necessity that help you make life even better.

 Auto Financing BC

Auto financing for both new and used are available.  Credit Queen works with an array of lenders who offer the lowest subvented rates for auto financing.  All you have to do is apply and we do the rest. Call us for a free consultation to discuss your auto loan needs. We find you the best rate and lowest monthly payment possible. its truly auto financing at its best.

 

 



Auto Leasing BC

Auto Leasing BC

Auto Leasing BC
Auto Leasing BC

Some people may find auto leasing a more attractive option than buying a vehicle. This can also depend on the situation. If you are searching for a 2-3 year commitment, it is probably better to lease than to own. For those looking for auto leasing BC with good rates, Credit Queen is an auto credit specialist here to help.

Drive the Latest Set of Wheels with Auto Leasing

Auto leasing has some advantages. By using this method, you can always drive the latest models and keep up with the trend and style. If you want to give up ownership and go in favor of having the latest set of wheels for 2-3 years, then auto leasing is your best option.

Purchase Flexibility with Auto Leasing

Auto leasing also allows you to suspend the purchasing decision while you use the car. As long as you keep the car in good condition and stay within the contracted mileage allowance, you can get to test drive the car for the length of the lease. When the lease ends, you can either buy the car or turn in the keys.

We all know that every vehicle depreciates. With auto leasing, you only pay for the depreciation. Essentially an auto lease is like having a longer term rental while having the option to return the vehicle when the auto lease agreement ends.



Auto Financing Chilliwack

Auto Financing Chilliwack 

We bring Auto financing Chilliwack to it’s residents. We are here to help you when you are feeling hopeless. You have a job but no vehicle? It’s typically unthinkable that if you have no car and bad credit that getting an auto loan is out of the question. That might very well be the case anywhere else, but not with us at Credit Queen Auto Financing in BC. We serve faithfully to all British Columbians in helping them get great deals when getting a vehicles they need for work or play.

Auto Financing Chilliwack
New or Used Auto Financing

Auto financing Chilliwack for working professionals!. In other words “If you work, you drive.” We stand honorably behind that slogan and whether you’ve got good, bad or no credit we have something to offer you. Are you a first time buyer? If so, no problem! Regarding first time customers you have nothing to worry about. If you’re interested then what are you waiting for? Do not hesitate! Our associates are standing by just waiting for you to give us a call. You might now be asking, “do I qualifiy for an auto finance? ” If you are working and are receiving a sizable monthly salary, then you can give us a call and we will discuss and affirm that you do indeed qualify. If you are wondering how to qualify for an auto finance, apply now and we can discuss the process.  When that is complete then we will get back to you the very same day and be more than happy to share with you the thrilling news that you qualify for our assistance.

Auto Financing Chilliwack

We have over 20 years of B.C. Automotive experience in sub-prime financing, customers service and sales all incorporated. The expertise that we have gained through our experiences is second to none. We provide comprehensive awareness in re-implementing challenged credit and financing. At Credit Queen Auto Financing, we lead the way in credibility and trust that always delivers to our customers the best auto plans on the market.

With each and every client we have ever served, we know how to make them feel right at home because we treat them as though they were the only client we have. A perfect family atmosphere is what you will feel when you first walk through our doors. We get to know our valued customers very well so in turn we can supply them with the finest customized loan and financing in B.C. that assures them of the most suitable vehicle and at a soothing term with monthly installments. Rest assured that authorization rate is 99% to those showing corroboration of a monthly gross income of $2200 per month and are working full-time.

Auto Financing  a New Beginning

Do not read this fantastic opportunity and let it pass you by. If you want someone reliable with many years in the business then you can count on us. There is simply no substitute for experience in this business. We welcome you with open arms and will be more than happy to get you the best only for your desire and need. Please pick up that phone and call us right away. We are waiting just for you!



Bankruptcy Auto Loan BC

 

bankruptcy auto loan

 

Bankruptcy Auto Loan BC

There is a growing number of British Columbian needing a bankruptcy auto loan. These are applicants who need a vehicle while either still in bankruptcy or discharged. Not only are they in need of a vehicle, they are also looking to re-establish their credit as soon as possible. People who have filed for bankruptcy can qualify for an auto loan. Ideally, waiting until you are discharged would be preferred however, you can get approved for an auto loan three months into the bankruptcy as long as the monthly obligations to the trustee are being met. In this situation, the lender’s look for strong work stability in length of employment, income, and previous credit history pattern.

Bankruptcy Auto Loan

There are three major reason’s that cause Canadians to file for bankruptcy. The first is job loss or reduced income. The second reason is divorce or marriage separation. As a couple, there are shared debts with usually 2 incomes however, when a couple enters into a divorce, each now have to pay fully for their own living expenses on top of their previously shared commitments. This increases your debt service ratio which is your level of income to level of debt. The third reason is medical illness. The inability to stay employed due to injury or illness. Even those who receive medical insurance will often only receive a portion of their wages. The average time for bankruptcy before receiving a discharge is 9 months.

 Bankruptcy Auto Loan and Consumer Proposal

A Consumer Proposal is the alternative to a bankruptcy. It is a contract that is negotiated by a consumer proposal administrator on your behalf, to re-pay the unsecured debt owing. It is an easy way to repaying your creditors. You only re-pay a portion of the full amount and the creditor’s will agree to right off the rest of your debt. It is an alternative to keeping your assets and can settle your debt through a monthly payment. The length of the proposal is usually 5 years. One can qualify for a bad credit auto loan six months into a consumer proposal so long as monthly obligations to the administrator are being met.These are two options for those whose debt are unmanageable.



Buying A Used Car With Bad Credit Car Loan

buying used cars

Buying A Used Car With A Bad Credit Car Loan

There are a few things to keep in mind when buying a used car with bad credit car loans. It is always wiser to know exactly what you are looking to buy before visiting a dealership. I say this just to help you avoid buying a used car you may regret later on. Knowing what features and functionality you require, from the seating capacity to the fuel economy of a used car. For starters, this will narrow down the choices that could be presented to you, allowing you to stay in control when dealing with a car salesperson. Having an idea of what the market value is for the specific used car you are looking to buy is always a good idea.

Used cars have to pass a safety report before it can be sold by a dealer to the public. You should always ask to see the Carfax or Carproof to confirm the used cars‘ history. One of the things the report will reveal is how many previous owners the vehicle has had. Along with one of these reports, you should also ask to see a safety report. This report is conducted by the selling dealer, and It is government standard that used cars must pass a safety report prior to resale. This report will also show what type of work if any was done by the selling dealer example, oil change, tire rotation or any minor or major part replacements. In addition, this report will reveal to you the condition of each operating part of the used car.

Buying Used Cars In BC

Here are the four major questions you want to ask in buying used cars in BC

1) Does the vehicle have any reported declaration. In other words, has the vehicle been in an accident and if so, you want to know how big the damage was. The amount reported for repairs will help determine if it’s a structural damage or not. How many times the vehicle has been in an accident and again you will see the cost of repairs to see the severity of each accident. Sometimes the declaration report from the Insurance Corporation of British Columbia ( ICBC) will show a declaration but no details. This means ICBC was informed of damages but there was no claims made to the insurance company.

2) Is the vehicle an out of province – did the vehicle come from back east or is it a local vehicle. Due to the snow and salt factor for example, local used cars are always preferred. This is important to know because sometimes the damage from excessive exposure to salt for example is not always visible.

3) Is it an ex lease or an ex rental – people are interested to know this because of the wear and tear factor. Obviously, used cars from a private owner will suggest less wear and tear than an ex rental or ex lease.

4) Is the used car a rebuild – this is always something you should check if you are a cash buyer. I say cash because a rebuild does not typically qualify for financing and since this information must be disclosed to the lending institutions, this is likely a cash purchase and you should be vigilant if you are a cash buyer.

Used Cars BC

Once you have chosen a used car to purchase, you should find out exactly what the manufacturer’s warranty is on that particular make, year and model. Manufacturer’s warranty usually vary in terms for coverage and this information is easy to find on the internet. This could avoid you signing up for extended warranty that you may not need or the reverse and make you aware of your need for extended warranty. Always find out when the next scheduled maintenance service is so you can continue on with preserving your investment.

My name is Joanne and I’m an Auto Credit Specialist. thank you for stopping by. I hope this information I provided helps you in some way when buying used cars with bad credit. Feel free to leave me your email in the subscribe section to get useful information pertaining to automotive loans. Fill out our application form now to qualify for a free consultation.



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