What you need to know:
Many people across Manitoba and throughout Canada are dealing with credit or budget issues. Marital breakup, job loss, disability are just some of the circumstances that can have a severe impact on a person’s credit. Whether you have credit issue because of a past bankruptcy, failure to pay a loan, or a simple lack of credit history, it is still possible to get a car loan in Winnipeg. Here’s what you need to know:
1. Most people are able to secure an approval for a vehicle purchase regardless of a budget or credit issue. The obstacle of a budget or credit issue can be overcome if you approach the right lenders and have a sound financial plan. At Birchwood Credit Solutions we are dedicated to working with you and are able to offer you several financing options.
2. Know your history. When you apply for financing the lender is going to perform a credit check with the credit bureau (either Trans Union, Equifax or both). Be prepared to review your credit history. At Birchwood Credit Solutions we will work with you and our lenders and arrange a financing option for you. We will complete a full detailed credit application with you and work with the lenders that have a program that can help you.
3. Repaying the loan on time will help you improve your credit. Even if you have poor credit, auto financing often helps to improve your credit by showing future lenders that you are able to pay off your loans on time and as promised. However, if you ever fail to repay a loan or if you skip a monthly payment, there will be a record of it on your credit history. That’s why you should only take out a loan if you are completely confident that you can repay it on time and without creating too much of a financial burden on you or your family.
We would be pleased to assist you.
As a part of the Birchwood Automotive Group we have access to 11 dealerships of inventory, a vast array of lenders and the most experienced staff in the province dedicated to working with you.
To begin the process we will need you to complete a credit application. You can do this on line at www.birchwoodcredit.com or call us direct at 1 888 598 7451.
We look forward to hearing from you.