Financing a car, and making payments on time, is one of the best ways to rebuild your credit after bankruptcy in Ontario. Whether you filed Chapter 7 or Chapter 13 bankruptcy, this will allow you to raise your credit score easily. Not only will you get an affordable car, you'll be back on the road to financial success.
Where to Get a Bankruptcy Auto Loan
Most people who have filed bankruptcy don't know where to turn for auto loans. Because you're considered a high risk borrower, most banks and credit unions will turn you down. This means you'll have to explore other options for financing.
Luckily, there are options for bankruptcy car loans through online companies such as BankruptcyAutoFinancing.com. Instead of wasting your time and money driving all over Windsor, London or Toronto applying for loans, just use our easy online application. You'll have access to our network of lenders who will compete to give you the best rates.
Finding an Affordable Used Car in Ontario
After filling our application you'll be on your way to finding an affordable used car in Ontario. A bankruptcy auto loan specialist will contact you with your loan options. Then just visit one of the dealers that accept bankruptcy clients in your area.
There you'll find a selection of pre-owned vehicles that fits your budget and lifestyle. Whether you're looking for a car, truck or SUV you're sure to find something you'll be proud to drive. Our dealers only sell quality, reliable vehicles that will provide you with years of service.
Rebuilding Your Credit
Since all of our lenders report your on-time payments to the major credit bureaus, you'll also rebuild your credit. A car loan following bankruptcy will be just the beginning of getting back on your feet. As your credit score goes up you'll be able to refinance your car down the road, trade it in for another car, or even be able to buy a house.
Remember, we are not lawyers and cannot give legal advice. The situations discussed are only our experiences over the years and may vary with each customer.