Bad Credit Auto Financing 2018-02-13T20:50:35+00:00

Bad Credit Auto Financing Solutions

Is Your Low Credit Score Holding Your Finances Back?

Building or rebuilding your credit is not something we are taught in school, by our parents or by our friends.

It can seem like a scary and overwhelming task, but actually it’s a lot easier than you might think. You just need someone who knows exactly how to do it. Apply & Buy was born with the desire to help educate people when it comes to building and rebuilding their credit. We have years of experience helping people with their credit. More importantly, we help people get approved for auto loans when they didn’t think they could. Today, we have expanded our reach to help people all over Canada and the USA. Here are a few questions you may be asking yourself about getting a car loan with bad credit.

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How does an auto loan rebuild credit?

An auto loan rebuilds your credit by continuously reporting to your credit bureau each month. An auto loan reports as an installment loan on your credit file. This means it’s a loan with a predetermined installment payment. Payments typically come out weekly, bi-weekly, semi-monthly or monthly. Due to the regularity, it’s one of the best types of loans to rebuild your credit.

Auto loan vs a credit card

Compared to a credit card, which is a “revolving” payment, the auto loan is a better way to build credit. Revolving payment means there is not a set amount due each month and is a manual payment from the customer to the creditor. Credit cards also keep your credit limited because the average limit on a credit card is $2,000. Comparatively, the average car loan is well over $20,000. The larger the loan or credit the more responsible you will appear. Consistent repayment of an auto loan is hands-down one of the best ways to build credit. However, holding a credit card in good standing at the same time as an auto loan, will also help boost your credit.

If this isn’t making sense, that’s okay! Our dealers are here to help you work through all of this with you. If you are interested in learning more, we are more than happy to talk! Feel free to ask us questions on our Facebook page.

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Ready to Try Apply & Buy for Yourself?

We do all the hard work for you as the customer. We take the time and qualify dealers all over North America and make sure that they are properly equipped and trained to assist you in getting you the best approval for your credit situation. Also, they know how to educate and equip you to move forward with your finances. With the right auto loan you’ll continue to grow your credit each and every month. Your goal may not just be to get a vehicle, it might be to rebuild your credit and our qualified dealers can equip you with a plan to do so. If, for some reason, you have questions that the dealer cannot assist you, please contact us directly! We will be happy to answer your questions and set you up with a plan to earn the credit you want and deserve.

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We’re Here to Help!

Ruining your credit can happen in a matter of weeks, but rebuilding it can take time. As with anything there is a right way of doing it and a wrong way. We will put you in contact with the dealers that have the tools and knowledge to help you do it as quick as possible for your specific situation. Don’t be afraid to ask for help and ask questions, our dealers want to help you.

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You’re Not Alone!

Don’t be embarrassed about your situation, bad things happen to everyone. More than 1/3 of North Americans struggle with credit at some point in their life. This doesn’t mean you should be treated differently or poorly. Our network of dealers are familiar with your situation and understand how to help you and actually want to take the time to help you.

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