WE CAN HELP YOU RE BUILD YOUR CREDIT

The Credit Bureaus?Who They Are and What They Do

Three credit bureaus: Equifax, Expariem, Tran union watching everything. All want you to think nothing can be done. No one can help. You're just stuck with bad credit. Did you know these agencies are not government based? They are 4 profit corroperations designed to make money off people with bad credit. But the truth is there is help.

 Your Score & What it Does

In today's world every aspect of your life is hand shot on your financial reputation. There is a three digit number the credit bureaus assign to you. It's called you score and weather you want one or not, good Credit or bad Credit, everyone has one.

 Your score determines if you can buy a house or are you forced to rent. What kind of car you drive. How much you pay for insurance. Even what kind of job you have can be based on your credit history. It takes years to establish good record and then in a matter of months you can find your financial reputation circling the drain.

 The stress and cost of bad credit can seem endless. Relationships can be defecated over financial matters. People are working 2 or 3 jobs. They spend less time with family and more time trying to keep up with interest rates they are forced to pay. People are forced to start paying in cash for everything, but find they are out of money the same day they are paid. The thought of taking a summer vacation is unheard of and at some pointpeople stop enjoying the life good credit can offer.

 Credit Scoring Systems

You're up against a system that's designed to make you pay and keep paying for years but what is the system? How does the system work? Why are they allowed to profit on your life? Who gave them the right to point and wag the finger at you?

Let's answer some questions as we move on. Here are the real answers. The credit bureau's base the number on scoring models. No one fully understands the scoring models. There generally so complicated even the credit bureaus can't even explain them. In a nut shell, your score is based on the positive items built you up to a certain number. Negative items pull that number back down. The lower your score is the higher your interest rates can be. The less you have the more you pay.

Makes sense right? What's the answer? We found as negative items are deleted from your file your score will instantly increase. The higher your score the less you pay. How do they make money of bad credit? People with bad credit have to apply to more places to find financing then people with good credit. For example, on a car purchase the person with good credit puts in an application gets the car goes home, end of story. The person with bad credit gets sent to 10 or 15 different banks and finance companies looking for finance. The credit bureaus sells your report to each bank to use for your application. That means their literally making 10 to 15 times more money off people with bad credit.  At Used Car Loans Ontario, we will analyze your credit application prior to sending it, we will make sure only 2-3 lenders will see your application.

Did you know creditors are not required to produce proof of debt when reporting something bad to your creditors? Their reports are nothing more then complaints not proof of anything. It's a simple phone call, instantly your reputation is questioned for years. That's why at least 70% of all credit reports have inaccurate misleading information. The only time they need proof of debt is when a claim is challenged or investigated. Now since they make more money off bad credit it only makes sense for them to make the investigation process harder then the reporting process. But the credit bureaus are not the only ones making money off bad credit. The banks and finance companies are cashing in on higher interest rates often charging hundreds more each month for basic housing and transportation needs. Used Car Loans Ontario, will guarantee to get you approved on a car loan with the best interest rate possible.

Who needs this money more? You, or the Lenders? Don't let the credit burears make the decision for you. They know most items will never be challenged. So why worry about it as long as it making them money.  Used Car Loans Ontario, will insure you are getting the absolute best interest rate possible. 

Challenging Creditors

With that in mind. Federal law allows you to challenge anything on your credit file. That means they can be deleted. Bankruptcy, Repossession, Charge off, Medical Bills, Credit Cards, Judgments, Leans, Collections, Foreclosures and more. But how? What's the big secret? Federal laws have put into place to protect you from unfair reporting. The law requires items on your credit to be timely and accurate and verifiable, notice the word verifiable. This means if something in your credit in your file is accurate, timely but can't be verified. The credit buears are required to delete the items from your file. Aves status can not stop the item from being deleted so it doesn't matter if the bill was paid or unpaid. Unverifiable items have to be deleted per federal law. If your creditor can't produce hard validation proving the item legally means all requirement criteria it must be deleted. As negative items are removed, your score improves right away.

Creditors NOT Responding

But I owe the bill, why wouldn't they respond? There are many reasons why creditors can't or won't respond to an investigation. Creditors archive files after 6 to 12 months. Accounts are transferred or sold to agencies. Agencies are often under staffed. Signatures and key documents get lost all the time. Sometimes they just don't' feel like it.

What We Can Do For You

At Used Car Loans Ontario, we specialize in Car Loans for people with Bad Credit, No Credit, Collections, and even people with New Credit.  We help good people get a car loan they need at a rate they deserve.  With over 20 banks and lenders on board will insure your  Credit Application is not shopped around, our professional and trained credit team will analyze your credit and only then will decide on the appropriate lender. 

By getting approved for a car loan and making payments on time for one year

 (12 payments) you are actually re building your credit so next time you apply for a car loan, you will be paying a lot less because of the lower interest rate. 

The process is very short, once you submit your Credit Application online, you will receive a phone call the some day, and a Car Loan approval the next day.

 Apply Now