Rebuild Your Credit

Rebuild Your Credit at Mike Fair Chevrolet Buick GMC Cadillac

Credit difficulty can happen to anyone, but don’t fret, there’s many ways to rebuild your credit and still get a vehicle at the same time. Whether illness, change of work, divorce or for other reasons, you still deserve a second chance when life happens, and Mike Fair Chevrolet Buick GMC Cadillac believes in that. One of the most common reasons a financial institution turns down an application is due to poor or no credit history, but our finance team is here to help turn things around for you with a car loan that can change your credit trajectory.

Second Chance Financing in Smiths Falls, Ontario

With bad or no credit it doesn’t mean you can’t get a loan, there’s a variety of ways to help start building your credit up. A vehicle loan reported to your credit bureau as a secured loan will help to generate a credit history, building all that good will back up again.

We work with lenders that specialize in clients who have difficult credit situations, or no credit at all. Interest rates may vary from 5.99% up to 29.5%, depending on the individual client’s situation. It’s our job to work with you personally and help find you a vehicle that fits your budget as well as your needs, so you won’t be stuck with a vehicle you don’t want. Most importantly, we’re here to negotiate with the financial institutions to get you the lowest interest rate possible, within your circumstances.

Tips for Improving Your Credit Score

Here are some helpful tips on rebuilding or improving your credit score on your own:

  • Know your credit score! Equifax is an accurate resource where you can sign up as a member and view your credit score as often as you like, without affecting your credit score.
  • Always make at least the minimum payment on your credit cards, including cell phone bills.
  • Avoid applying for multiple loans, since multiple credit inquiries will hurt your credit score.
  • Always keep your credit cards below the approved limit. We strongly recommended that you have 50% or less of your credit limit charged on your card.

To get started, simply email mitchellc@mikefairchevcadillac.com or jimf@mikefairchevcadillac.com and we’ll reach out to you. This is a no-obligation consultation to help get you into a safe and reliable vehicle in as little as 24 hours.