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How to restore your credit score by acquiring a car loan with bad credit

Restoring Your Credit Score by Acquiring a Car Loan With Bad Credit

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Page 1: Restoring Your Credit Score by Acquiring a Car Loan With Bad Credit

How to restore your credit score by

acquiring a car loan with bad credit

Page 2: Restoring Your Credit Score by Acquiring a Car Loan With Bad Credit

A bad credit loan is a loan designed for people with a poor credit history. There are many factors which affect your credit ratings. It is impossible to borrow from a mainstream lender if you have bad credit history, which is why there are specialist loans and credit cards available for people with poor credit records. The biggest advantage of a bad credit loan is that you are actually able to borrow money, which you otherwise wouldn’t be able to do because of your poor credit history. Taking bad credit car loans will also help in increasing your credit score.

Page 3: Restoring Your Credit Score by Acquiring a Car Loan With Bad Credit

Credit score facts

Page 4: Restoring Your Credit Score by Acquiring a Car Loan With Bad Credit

850

661

300

Ideal Credit Score

Standard Credit Score

Lowest potential Credit Score

Page 5: Restoring Your Credit Score by Acquiring a Car Loan With Bad Credit

Credit Score components

Payment history

Outstanding debt

Length of credit history

Types of credit you own

Frequency of new credit applications

Page 6: Restoring Your Credit Score by Acquiring a Car Loan With Bad Credit

Factors which lower credit scores

Failed to make bill payments

High dues to income ratio

Excessive credit card applications

Credit card terminations

Page 7: Restoring Your Credit Score by Acquiring a Car Loan With Bad Credit

Benefits of getting a car loan with bad credit

Page 8: Restoring Your Credit Score by Acquiring a Car Loan With Bad Credit

Bad credit car loans provide access to auto financing when traditional lenders deny credit.

Page 9: Restoring Your Credit Score by Acquiring a Car Loan With Bad Credit

Bad credit car loans usually will have only affordable payments. You can make the payments easily without missing any installment.

Page 10: Restoring Your Credit Score by Acquiring a Car Loan With Bad Credit

It can help you increase your credit score. By making apt payment which will be affordable to you, your credit ratings will go up gradually.

Page 11: Restoring Your Credit Score by Acquiring a Car Loan With Bad Credit

There are a lot of lenders, which will offer car loans with bad credit. Addison Credit offers affordable financing options for those who have bad credit. Addison credit mainly focus its work at Toronto, Mississauga and Oakville and they have been providing their service for more than 57 years. Addison Credit helps customers to find success in attaining the bad credit car loan they need.

http://www.addisoncredit.ca/