The current average credit score in Canada is 672. While that’s not horrible, to find yourself in the “good” credit range you need to have at least a 713 score. Does this affect much if you’re not applying for a mortgage or personal loan? Yeah, actually, it affects a lot. For example, it can be tough to…

Did you know that one-third of Canadians believe they have too much debt? The times aren’t good: inflation is rising, and the cost of living is only getting higher. This has forced many people to resort to loans when they purchase a new car. But when you have bad credit, your chances of getting a loan are next…

During the pandemic, everything from baby formula to graphics cards rose in price. And unfortunately, cars suffered the same fate. Vehicles now cost as much as 40% more than they did last year. Cars have always been a hefty financial investment. Now you may not be able to buy a car with a single payment. That’s a…

Did you know that the average new car loan is over $33,000, and over $25,000 for used cars? Applying for a car loan can be difficult, especially if you have bad credit. It’s hard to know where to turn when you need online auto loan financing. You might not know which lenders are willing to work…

It is hard to exaggerate how big a part of our society the car industry is. Canada alone has an automobile manufacturing market that brings in more than $10 billion worth of revenue every year! That is just one indicator of how much value people get out of having a functional vehicle. Of course, these days, it is…

Every year, people and organizations in Canada spend upwards of $10 billion on the car and automobile manufacturing industry. That is a strong indicator of the central role that cars play in our society. At the same time, people with poor credit scores often struggle to find auto financing options that work for them. On the other hand,…

Do you know your credit score? Credit scores can help you get several types of financial aid. A good credit score improves your chances of getting an auto loan. However, not all credit scores are equal. Canadian credit scores have a range of 300-900. The average credit score in Canada falls around 650. Scores above this figure count…

Did you know that the average credit score in Canada is approximately 650? It can be hard to get a loan when you have bad credit. Traditional lenders might not want to work with you, and that can leave you feeling stranded. It’s not your fault that you have bad credit. Circumstances happen, and sometimes it’s hard…

As inflation surges, more Canadians are finding it hard to make ends meet. In a recent survey, half of Canadians said they felt financially “insecure” and were having trouble paying down debt. What does this mean for those interested in buying cars? Well, it means that it’s more important than ever to stay focused on your financial…