Canada Auto Blog

Daily tips on car loans and credit score

Free Credit Report Canada

Credit Score vs Credit Report

Your credit report consists of your financial history, which includes payments, accounts, balances, credit inquiries performed by potential lenders, landlords, and employers, and other personal information. If you’ve ever had a bank account or credit card, you have a financial…
CONTINUE READING
Prime Borrower vs Subprime Borrower in Canada

What Makes You A Sub-Prime or Prime Buyer?

When you are in the process of buying a vehicle, several factors will influence the rates you’ll be approved for. Credit score, credit history and annual income are just a few of the determinants that lenders take into account before…
CONTINUE READING
No debt is bad credit in Canada

No Debt Does Not Mean Good Credit

Is my credit good when I don't have any debt? Some individuals think that having no credit is good. Having debt that exceeds credit limits, leading into a large amount of money due to creditors, can bring about stress and…
CONTINUE READING
Negotiating with Car Dealer

Negotiating With A Car Dealer

How to Prepare to Negotiate with a Car Dealer Before purchasing a vehicle, there are some primary steps that must be performed to ensure the process is quick and full of relief. Researching, inquiring with dealerships, test driving and negotiating…
CONTINUE READING
Steps to a Car Loan on a Used Car

3 Steps to A Car Loan on a Used Car

When we talk about getting a car loan, most of us perhaps relate this with buying a brand new car. However, many car purchases across Canada are for used vehicles and loans are available for these cars too. There are…
CONTINUE READING
Bankruptcy in Canada

3 Things To Know About Bankruptcy

Statistics Canada demonstrates that 1 in 6 Canadians will file for personal bankruptcy at least once. Bankruptcy is a legal proceeding that presents an individual who is unable to pay off outstanding debts a chance to start fresh financially. This…
CONTINUE READING