Is 2nd or 3rd Chance Credit Financing a Good Option?
March 08 2019, Auto Loan Kelowna
If you need a vehicle but your credit is not perfect, you've probably thought about 2nd and 3rd chance financing. On the other hand, you may have concerns about this type of financing for a variety of reasons. The good news is that we are here to help you make the right decision.
How Do I Know if 2nd and 3rd Chance Credit Financing is Right for Me?
We have met thousands of customers who are wondering what financing solution will suit them best and who, above all, have some apprehensions about 2nd or 3rd chance credit financing.
To help you, first know that if this type of financing exists, it is that you are not alone in thinking about or using it. Credit problems can be explained by several different reasons, and often times the reasons that have led us to have a less than perfect credit score are out of our control. Sudden job loss or divorce can be very expensive and hurt a credit score. Those are just two examples.
Once you have stabilized your credit situation and have a better idea of your budget, credit problems shouldn’t get in the way of getting a loan for a vehicle. That’s where we come in.
Ultimately, 2nd and 3rd chance credit financing is the right option if you know your budget, your revenue(s) and expenses have stabilized, and you want to start improving your credit by demonstrating that you are able to meet your financial obligations.
To find out more about the different financing options available to you, contact us today.