How Does Credit Utilization Affect Credit Score?

We talk a lot about credit scores in auto finance and credit utilization forms part of that score. So, what is credit utilization and how does it influence your overall score? Our Simcoe auto loan team finds out!   Alongside your payment history, debt to income ratio, credit mix, account ages and a few other […]

Using a co-signer for a car loan in Canada is a useful way to qualify if you’re a borderline case or if your own application isn’t likely to be accepted on its own. It’s a simple solution to a simple problem and that’s what we’re going to discuss today.   Our car loans team will […]

It’s one of those impossible situations. You need a car to get to work and you need work to get a car. So, what can you do? If your old car no longer works or you had a company car, how can you get around? Can you finance a car loan with no job in […]

So how long does it take to fix credit score in Canada? Much depends on the situation and the score. The lower the score, the more time it will taker to repair. But you can begin repairing it right away.   We deal with many customers with less than perfect credit. Often through no fault […]

Do you have poor credit? Don’t worry; we aren’t going to tell anyone about it. Our mission is not to judge you but show you how you can find a bad credit car loan in Brinbrook for 2022.   The reality is most Canadians are less than $200 away from having to go into serious […]

When it comes to financing your next car, there are mainly 2 different routes you could take; financing through a dealership, or financing through your bank. So, how could you know which route to take?   Everyone’s situation is different and there are certain times where you would choose one over the other. this article […]

For most of us, aside from a mortgage, an auto loan will be our most significant outgoing. If you can minimize it or pay it off early, you gain a lot of financial freedom.   As long as your auto loan supports early repayment or overpayments, you could save a lot of money. While it […]

We all want more for less and it’s something we are always on the lookout for. While we cannot wave a magic wand to get you lower car loan payments, we can suggest things you can do to find the best deal.   We tasked our auto loans team to identify some actionable ways to […]

Life does happen to people, and sometimes, it might be difficult to repay your auto loans. Sometimes there are medical emergencies, car repairs, or a job loss that might strain your finances. Knowing full well that missing a loan can affect your loan, how can you mitigate this? Can you extend your car loan? Yes, […]

Canadians who are shopping for a new car in 2022 are going to be facing a unique series of challenges. Inflation is one of the biggest issues you are going to face on two unique fronts.   Coming to terms with how inflation is impacting Canadian car-buyers   The first way inflation will impact your […]