New Car Loan BC For Bad Credit

New Car Loan BC For Bad Credit

New Car Loan BC

 

 

 

 

 

 

The Credit Queen provides customers with new car loans everyday. Even if your credit isn’t perfect, we have the expertise to qualify you for a brand new vehicle providing your income qualifies. This means that even with a poor credit, it’s possible to obtain a new car loan.We are a licensed auto credit specialist in BC, the process of getting a new car loan easy. The best thing about a new car loan is that the lenders are able to give you a better rate and longer term if you qualifed.

New Car Loan BC

For most looking to re-establish their credit and needing a vehicle, a used car loan is a more suitable option. Depending on how your credit rates, often a smaller amount to finance is easier to approve for lenders than a new car loan. On a more practical note, reliability, with low kilometer vehicle is the way to go for most people on the road to re-establishing credit. We take the time in knowing your needs and what you require in a car loan. Some folks simple have a loyalty to make and model, some have a preference to look and style. Our ability to match you with a new or used car loan is what sets us apart.

New or Used Car Loan BC

Whichever the choice, we are here to help you with acquiring your new or used car loan. Go ahead and fill out the application form and let us do the work for you. A car loan with the Credit Queen in BC will give you the freedom and peace of mind. It is quick, easy, secure and confidential. We are BC’s first choice for a car loan.



‘Bad Credit Car Financing Mission BC

 Bad Credit Car Financing Mission BC

Bad Credit Car Financing Mission BC

Helping clients with Bad Credit Car Financing Mission BC has allowed me to experience this growing and friendly community.  If you are reading this, chances are you are from Mission BC and in search of bad credit car financing. Well you don’t need to look any further. We help British Columbians acquire bad credit car financing each year. Our service is getting you approved for the best rate and monthly payment as well as providing you with the vehicle which is part of our service. It is a one stop shop for anyone looking for a bad credit car financing in mission.

  Bad Credit Car Financing Mission BC

The key to finding the rights bad credit car financing, is to seek the guidance of an Auto Credit Specialist. Because this guarantees a few things. Firstly,  applying with the Credit Queen guarantees confidentiality with your personal information by dealing directly with myself from start to finish. Unlike other bad credit auto loans companies, you stand the risk of having your credit information circulated or sold to dealers in your area. secondly, avoiding the numerous or countless unecessary enquiries that are generated by applying with these other companies. Instead, we match you with the best lender who is willing to provide the best rate given your circumstance. Knowing how to iron out the previous bad credit and hightlghting what is good today about your circustance is our focus.

Car Financing in Mission BC

Utelizing an array of lenders that can help with a bad credit car financing. Our services cover prime, near prime and non prime lending. We know how to match you with the best rate possible based on your credit. If you are having troubles getting approved for a bad credit car financing, we can help! Simply fill out our bad credit car financing application form and we can do the rest. Give us a call now 1866-602-3743 for a bad credit car financing consultation.

We are BC’s first choice in automotive financing. We offer the lowest rates with same day approval. Our no.1 goal is to provide you with exceptional service, and the best possible new or used vehicle that fits you and your family’s auto loan needs.



Auto Loan With Bad Credit In BC

Auto Loan with Bad Credit In BC

Auto Loan Bad Credit in BC
We service throughout British Columbia to get you approved for an auto loan with bad credit in BC. Our process is simple and hassle free. If you are gainfully employed with a $2200/mo minimum income, we can help. So no matter where you are in BC, we are a phone call or an online application away from getting you an auto loan. During the consultation process, we also provide you with the information on how to improve your  current bad credit situation.

Easy Steps To Get Approved For A Bad Credit Auto Loan BC

  • Step 1:Fill in our quick application form.
  • Step 2: Our auto credit specialist will contact you within 30 minutes
  • Step 3: Setup an appointment.
  • Step 4: Take delivery.
  • Step 5: The quickest way to re-establish credit is with an auto loan!

APR – Interest Rate depends on many factors such as your income, your credit & the year of the vehicle.

 Getting Approved For An Auto Loan With Bad Credit In BC

We are BC’s first choice for auto loans with bad credit. We offer the lowest rates with same day approval. Our no.1 goal is to provide you with exceptional service, and the best possible new or used vehicle that fits you and your family’s auto loan needs. Bad things happen to good people sometimes or you could simply be just starting out as a first time buyer with no credit. An auto credit specialist here can show you how to get approved for an auto loan with bad credit in BC. Call us today for a free consultation to see what you qualify for. We take pride in serving our customers for years to come. Read our review page and see what others have said.



How To Calculate Your Debt To Income Ratio

Debt To Income Ratio

  Debt to Income Ratio for when you are looking to qualify for a bad credit auto loan. This is a tool all none prime lenders use in determining your qualification for an auto loan. A debt to income ratio is the balance between your total monthly obligations and your gross monthly income. Basically, the question here when applying for an auto loan is “can you afford to be in an auto loan?” and lenders are looking to see how well you can manage additional debt to your already existing credit obligations with this ratio.

The lower your ratio the better your chances of getting approved. However, the acceptable percentage varies with different lenders. Sub prime lenders for instance have a 45-48% maximum debt to income ration policy. The percentage will dictate the maximum monthly payment on the amount the lenders are willing to loan. Not only is this calculation useful in getting a loan, It tells you where you are at with your finances. It is a means to show when debt is getting out of control. Not only does it give you the opportunity to manage your debt, it also gives you the chance to improve it.

Also, note that your day to day living expenses are not factored in to your debt to income ratio, These are additional expenses monthly.

Debt to Income Ratio Calculator

To calculate your DTI (debt to income), add all your monthly debt payments, include your rent or mortgage, credit cards, car payments, and divide by your total household monthly income. Then multiply this by 100. Below is a screen shot posted by National Post on calculating your DTI

How to calculate your Debt to Income Ratio
How to calculate your Debt to Income Ratio

Debt to Income Ratio

income-to-debt-image1
If you go over the acceptable percentage of debt to income ratio, you may require a down payment or wait til some of your debt has been paid. Paying down your creditors as soon as possible will avoid the high debt to income ratio. Credit cards with the highest interest rates should be paid out as soon as possible. You might want to consider seeking help with resources such as Consumer Proposal or Credit Counselling when you feel your debt is out of control.

These are standard scenarios that may not necessarily apply if one has a high credit rating and some assets, but the best course of action when trying to qualify for an auto loan is to consult with a credit specialist.

My name is Joanne a Credit Specialist. Thank you for stopping by and I hope you found this blog informative. Before you leave, feel free to fill out the form to your right if you are in the market for an auto loan, simply click here for a free consultation.



Negative Equity Auto Loans in BC

Negative Equity Auto Loans in BC

Negative Equity Auto Loans in BC

Negative Equity is the balance owing on your on your trade in or Negative equity is when the value of the asset ( the vehicle) is less than the outstanding balance on the loan used to purchase the asset. (auto loan). It is likely to occur when you have one of the following.  higher Interest rate, longer term, lower payments, no down payment.

How to avoid a Negative Equity

If you qualify for a bad credit auto loan, It is important to keep in mind that the higher the interest rate the more likely you will fall in a negative equity situation. Finding the lowest rate allows you to pay off the principle sooner. However, the higher interest rate is sometimes required in order to re-establish your credit. In that case, it would be ideal to have some money down and pay off a higher monthly payments and shorter term to pay the auto loan off quicker

Negative Equity with an Auto Loan

Paying off the loan as quickly as possible by doubling up on your payments would avoid negative equity, The newer the vehicle the better your chances of avoiding the negative equity. And ultimately, keeping the vehicle until the loan is paid.



Credit Queen Automotive Financing for the Good, Bad or No Credit

Bad or No Credit Car Loans

Credit Queen is an automotive financing company that provides auto loans for anyone with good, bad, or no credit, meaning a first time buyer. An automotive loan is the next best thing to a mortgage. We typically have an array of prime and none prime lenders to choose from to provide you with the best rate possible.
approved

At Credit Queen Automotive Financing

We have a service to specifically help people with challenged credit or no credit, perhaps new in the country. We are dedicated to re-establishing your credit rating with an auto loan. There are different reasons why this is important. Firstly, it is difficult to access a loan with your traditional lender if your credit isn’t perfect. Secondly, your interest rate will always be higher with less than perfect credit unless you re-establish. Thirdly, we live in a credit environment where it is more often required to pay by credit nowadays.

Automotive Financing and Other Services

The other service we have is providing you with the vehicle that matches the amount you qualify for. Depending on the amount, we have access to all makes and models. Import and domestic vehicles. We listen to your automotive financing needs and provide you with a reliable vehicle and a monthly payment and term that fits your budget.

In order to qualify one must be in a full time position. hence our saying “you work, you drive” a minimum income of $2000 monthly. We provide loans for people 3 months into bankruptcy and 6 months into credit proposal or credit counselling. If you are needing a vehicle and have good, bad or no credit.…we can help!



Rebuilding Credit With A Bad Credit Auto Loan

How To Effectively Rebuild Credit With A Bad Credit Auto Loan

rebuilding credit

Rebuilding credit with a bad credit auto loan is the quickest way to getting back your good credit rating.  Working with an auto credit specialist can guide you through the process regardless of your credit situation.

Sometimes the unfortunate happens that are beyond our control. For example, loss of employment, divorce and illness, just to name a few, can happen to anyone. These unfortunate circumstances can cause missed payments, collection, repossession and sometimes bankruptcy. Going through the hard times can make one feel helpless and defeated. Therefore rebuilding your credit is important not only to restore borrowing privileges, it positively impacts all aspects of your life.

Rebuilding Credit With An Auto Loan

The process is simple with a bad credit auto loan. Once your approved, making your monthly payments on time can establish or re-establish your credit within the first 2 years. An installment loan versus a revolving credit is more effective in rebuilding your bad credit. Hence a bad credit auto loan is the next best thing to a mortgage. This is especially helpful for those who’s credit have suffered and are hoping to acquire a mortgage in the near future. The quickest way to rebuild credit is to get into an auto loan that provides a doable monthly payment.

 Rebuilding Credit Effectively

Rebuilding credit with a bad credit auto loan requires a commitment not only to your monthly auto loan payments, but to the overall health of your credit as well. Making sure that all obligations outside of the auto loan if any, are also being met. This means monitoring exisitng credit card spending as well as paying balances outstanding. The whole picture should reflect your intention to rebuild your credit In order for this to completely work for you. Only then will your reap the benefits of the lowest interest rates in the future. In other words, credit card balances should be paid off in full whenever possible. Avoid numerous enquiries during the process and limiting yourself to a maximum of two credit cards will also help in rebuilding credit.

Lastly, be proactive by acquiring the habbit of checking your credit report to ensure all credit reportings are accurate. This way you can witness and experience the feel good benefits of making your monthly obligations on time.

Apply now for a same day approval or click on the link for more information or a free consultation. 



What You Need To Know About Bad Credit Auto Loans

Auto Finance Bad Credit in BC Auto Finance Bad Credit in BC

 

 

 

 

 

 

 

 

Even the most financially stable person goes through a rough patch in life that can severely damage their credit rating. They might have lost their job, gotten divorced, or suffered a major injury, which hurt their finances and put them at odds with lenders. However, a bad credit rating is not the end of the world. If you’ve suffered through several rejections for loan applications, then bad credit auto loans may be an option worth trying.

Bad Credit Is All In The Mind

Some people feel like a bad credit rating is a permanent black mark on their financial history. Well, a few lenders may think that. However, as with all things, people are different, and while some lenders might shun you until you improve your credit rating a bit, others will look at things on a case to case basis. Some lenders even say that a bad credit history is better that no history at all. This is because while you’re in the red right now, at some point you were diligent in your financial obligations.

Look for bad credit auto loans, which are basically auto loans that are more lenient and forgiving toward people with bad credit. Usually, these companies or private individuals are already used to high risk clients and they certainly know what they’re getting themselves into. It is easier to repossess a car, and auto loans deal with a lot less money compared to housing loans, so even if you got turned down for a housing loan, doesn’t mean you’ll suffer the same fate.

Ask For Help

People with bad credit ratings can get professional help from an auto credit specialist. An auto credit specialist like the Credit Queen have a network of lenders that help assist in making bad credit auto loans happen, depending on your budget, payment preferences and car of choice. It’s also better to have someone to talk to, because bad credit can put people in a very vulnerable situation. Most people fall prey to auto loan scams because they are simply too desperate to get an approval. With a professional by your side, you can have the peace of mind that you will be introduced to legit and credible lenders in the industry.

The Waiting Game

For people with bad credit, the worst part of the process is the waiting. This is especially true if you’ve applied to different loans before, waited patiently, only to get turned down in the end. With auto loans, waiting time is shorter compared to other types of loans. If you have a consultant by your side, you may even get an approval on the same day, meaning less tension and stress.

So, even with bad credit, your financial future is not doomed. You can still find the means to get what you need in life, and maybe improve your credit rating in the process. If major loans have given you nothing but rejections, bad credit auto loans may just be what the doctor ordered.



Bad Credit Auto Loans – British Colombia

CREDIT QUEEN AUTO FINANCES AND SALES IN BRITISH COLOMBIA 

financing a car with bad credit bc

Do you live in British Columbia, have bad credit and need a vehicle? You need to get in touch with us right away! Do you make a gross monthly income of $2200 and need a vehicle today? Pick up that phone right now and give us a call! We are Credit Queen Auto Finances and Sales and we have over 20 years of unparalleled experience!

We think it’s an absolute shame that anyone who is working hard should be without a vehicle. We service those with good credit or no credit, and yes, even if your credit is bad we can still help you out! Our qualified team of professionals has been serving BC faithfully and we stand behind our word when we tell you, “If you work, you drive!” If you fill out an online application form, send it to us right away and when you get in contact with us, we will review your situation and get back with you right away. Our client approval rating is 99% and we are just waiting to satisfy you for whatever your need.

Financing a Car with Bad Credit BC

We are the first choice for BC in the automotive financing business. Every day we offer you the lowest rates with the same day approval. We have set our priorities so that we will provide all of our valued customers with remarkable service and the best available new or used vehicles that will uniquely fit you and your family’s automobile loan needs. Because of our beneficial experience in customer service, sales and sub-prime financing combined, we can proudly offer you exhaustive knowledge in the financing and re-establishing of stunted credit.

Don’t forget that you can apply online with an application form or give us a call right now and we will approve you over the phone. Our finance specialist will personally customize an effective monthly payment that will best suit your budget. You will be treated just like a part of the family and with the utmost respect from our friendly team at Credit Queen Auto Finances and Sales. Remember, if you are a first time buyer or have bad credit, we will not turn you away!

We care very much for our reputation and our customers always leave satisfied. We have been given an outstanding 5 star rating and do the utmost to succeed on with such integrity. We happily serve everyone out there in the Langley area and we challenge you to put us to the test. You will find that after you are so satisfied with our service that you will be excited to tell others about where they can pick up a new or used vehicle when they need it right away or even have bad credit.

Please, pick up that phone today and give us a call or fill out an online application. We have excellent service, approval ratings and we aren’t satisfied until the customers leave happy. Give us a try!



Auto Credit Specialist Bad Credit Car Loans

Joanne dela Cruz
Auto Credit Specialist

Auto Credit Specialist For Bad Credit Car Loans

My name is Joanne dela Cruz and I’m an Auto Credit Specialist For Bad Credit Car Loans.  Over the years,I have helped many British Columbians acquire an auto loan.  From a variety of applicants with credit scores ranging form prime to non prime. Specializing in the non prime space  because of the growing numbers in bad credit car loan applications today. I can empathize with  bad credit applicants because I too have gone through a bad credit in my early years of adulthood, I know first hand the benefits of an auto loan as the quickest way to re-establish credit. If you’ve had an unforseen circustance that has resulted in your bad credit, then an Auto Credit Specialist can help you best with your auto loan needs.

Establish or Re- establish your Credit

 Establishing or re-establishing your credit is just part of a bad credit car loan .But in order to establish or re-establish your credit successfully, your monthly payments have to be in line with your affordability.  And yes, this is stating the obvious, but not so obvious when you are  making an emotional purchasing decision based on want and not need. This happens more often when dealing with a car salesperson who is unaware of your current credit issues. Its important  therefore to seek the help of an auto credit specialist  to get the balance between what you want and need in a vehicle and your affordability.

Applying with an Auto Credit Specialist

If you live in British Columbia, this is your one stop shop for an auto credit specialist  Not only do I focus on the best financing outcome for you, I focus just the same on getting you the right vehicle through our access to inventory with our dealer partners. Apply online  to get started or click here for a free consultation.



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