Category Archives: Fast Lane Credit

Bad Credit Loans – How to Use Bad Credit Loans to Get Your Credit Back on Track

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The number of people who find themselves with a bad credit history is continuing to grow every day. Maybe you are one of the millions of Americans who have watched their credit slowly disappear as you became more and more behind on payments.

You may have known it was happening, but you didn’t give it much thought because you were still able to go about your day-to-day activities. Your low credit score didn’t seem to be really affecting your life that much.

But now your bad credit history has become a pain. It’s actually holding you back from getting the things that you want, such as a car loan in Ottawa or a home of your own.

If you’re in this position right now, don’t worry…there are solutions to your problem. One of the best, yet most overlooked solution, is using a bad credit loan to get your finances back on track, repair your credit, and raise your score.

In this article, you’re going to discover 3 ways that a bad credit car loan in Toronto can actually help you out of your current situation.

Pay your current bills

One of the most important factors used in calculating your score is how well you pay your bills on time. Having late payments on your credit report can lower your score very quickly. Obtaining a loan can help make sure that you have the funds to bring all your payments current.

Consolidate your bills

There is where you use the funds from your new loan to pay off other accounts that you may already have. Instead of having several monthly payments from all of the different accounts, you’ll end up with just the one payment on your loan. This new payment is normally a lot less than the total monthly payments you had before…making it easier on your budget. Debt consolidation can play a major role in helping you to repair your credit and start fresh.

Save on fees

Are you spending a lot of money on fees for overdrafts and late payments? These add up quickly and can actually eat up a lot of your monthly income. Having the money to be able to avoid these fees is a big help to you…both for your financial and mental well-being.

Since there is a higher risk involved to the lender, the interest rate on your loan will be higher. However, your cost is going to be a lot less that what an overdraft fee or late payment fee would be…especially on all those little purchases that banks like to “pay on your behalf”.

Don’t let a low credit score keep you from having what you want. By understanding how a bad credit personal loan can help you put a stop to some of the items that are affecting your credit, you’re on your way to getting your life…and your credit…back on track.

With the number of companies that offer these loans online, you could be just a few clicks away from being able to have the money that you need right now.

If you are looking for a car loan in North York, Fast Lane Credit can help. Apply online today, and start re-establishing your credit.

Get Car Financing Today

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Whether you have been looking for a new or used car for months or have just decided today that you need an upgrade, chances are good that you’re ready to take action. The only thing keeping you from jumping into your next new car is financing, right? Wrong. By working with our experienced dealers and financial specialists, we’ll help you get you in your next new car today.

Unlike when you get your car financing in Ottawa through a bank or other lender, we take a hands-on approach by determining how much credit you have, how much of a loan you will be able to take out, and how much of a monthly payment you will be able to make for the next few years. All of these variables will help us to walk you through our lot of available cars until we find the car that’s just right for you and all of your needs.

Here’s how you can get car financing today so that you can drive off of the lot in hours.

1.     Fill out a credit application. Before you come into the dealership, we invite you to fill out our secure online credit application from the comfort of your own home. Otherwise, you are always welcome to fill out a credit application on-site at out dealership. This credit application will ask for information about your social security number, address history, job history, and more, so be sure that you have all of that information together if you fill your credit application out at the dealership.

2.     Allow us to review your credit application. When you apply for car loans in Ottawa, it is important for the dealer to review your credit application so that we can determine what kind of car might be most affordable for you and what kind of monthly loan payments you might be able to make each month. We’ll sit and talk with you about the many options that you will have.

3.     Select a car. After you know about how much money you are able to spend on your car, it’s time to find the car that suits your budget. When you get car loans, you should keep in mind that just because you have a car loan doesn’t mean that you should by the most expensive car for your budget. Instead, we recommend that many of our customers buy cars that are in the middle of their price range so that they have some extra spending money each month.

Contact Auto Credit Windsor today at www.fastlanecredit.ca   to get a credit application or to learn more about our car loan and car financing in Ottawa that may help you get into that used car today.

5 Great Resons To Apply For Car Financing Today

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At Fast Lane Credit, we’re very familiar with car loans in Ottawa. In fact, we offer car loans to our clients on a daily (even hourly) basis. Therefore, we are able to answer just about every question you could possibly have about how to get a car loan, when to get a car loan, what good car loan rates are, and more. Still, many of our customers are not sure whether or not they should get a car loan when they buy their cars.

Car loans in Ottawa are a safe and convenient way for our customers to easily afford their cars. Here are the Top 5 reasons to get a car loan that we’ve compiled based on our experience giving car loans on a daily basis:

1.       They allow you to have some flexibility. When you go to buy a car, you can either spend all of the money that you have on the car or you can get a car loan and only spend some of your savings (if applicable) on the car. When you are able to keep some of your money for an emergency fund, then you will have more flexibility down the road. Plus, you never know when you might actually need that savings.

2.       Low interest rates. Sure, when you buy a car through car financing, you will have to pay an interest rate on the amount of money that you take out. It may seem like this interest rate is unnecessary and simply designed to make the car more expensive. However, consider the fact that you are actually in a car and not having to rely on friends or family for rides. That small interest rate pays for the convenience of having reliable and safe transportation. Plus, we can show you cars that have such low gas mileage that the interest rate pays for itself.

3.       You’ll improve your credit. Whenever you take out a loan, you will improve your credit if you are able to repay the loan in a timely manner. Therefore, taking out a loan now will increase your credit and allow you to get even lower interest rates down the road.

4.       You’ll get the car you can afford – and that suits your needs. Especially if you use dealer financing, your dealer will make sure that you get a car that not only suits your needs, but also that you can easily afford for years to come.

5.       Low monthly payments. Instead of paying one junk of change up front, we’ll arrange for you to make low monthly payments that fit your budget and lifestyle. Affording your car will be easier than ever with the right financing options.

Contact us today at www.fastlanecredit.ca  to learn more about why car financing in Ottawa is a great option when it comes time to buy your next car.

Bad Credit Car Loans in Ottawa, Easy As 1,2,3

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Our customers frequently want to know why we offer bad credit car loans in Ottawa. “Isn’t it a gamble to give a bad credit car loan to a buyer?” they might ask. The answer: as long as our customers are able to get behind the wheel of a car that can help them get through their everyday activities, we consider our job of helping people get bad credit car loans a privilege.

 

We Don’t Discriminate Against Our Customers

Bad credit car loans in Ottawa aren’t about offering charity to our customers, as some people think. Instead, we offer bad credit car loans because we know that not everyone comes with perfect credit. In fact, many of our customers have less-than-perfect credit, but are some of our best customers regardless of their credit history. Therefore, we don’t judge our customers based on their credit. After all, good credit or bad credit, our customers are still our customers unless they choose to end our relationship.

 

“But Not All Dealerships Offer Bad Credit Car Loans!”

We hear this statement a lot from our customers. It may be true that many car dealerships look at a customer with bad credit and think of the customer as a financial liability. They might believe that the customer will be unable to pay off a car loan if they have a bad credit history. However, our philosophy is that we treat each of our customers the same. If, down the road, a customer is unable to pay off a car loan, we will patiently address the issue with them then, but we do not discriminate against them based on their history.

 

We Establish a Long-Term Relationship

One of the reasons that we offer bad credit car loans is that we know how important it is for people to establish long term relationships with car dealerships that they can trust. If a person just out of school with no credit comes to use for a bad or no credit car loan, at Fast Lane Credit we know that by helping that individual to get a loan for a car they can use, we will  be helping that person to either establish or re-establish their credit.

 

Down the road, they will appreciate the fact that we had faith in them, regardless of their credit situation. They will come back to us, as many of our customers already have. We look for those long-term relationships that benefit us just as much as the customers.

 

For more information about obtaining a bad credit car loan in Ottawa and establishing your own long-term relationship with our dealership, contact us at www.fastlanecredit.ca , or give us a call at 1-877-306-0116 today. We’re always happy to hear how we can help you get driving in a used car that suits your needs!