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Bad Credit Auto, Car Loan Toronto, Mississauga, Hamilton, London, Ontario
Ontaio Bad Credit Car Loan, Auto Loan, Loans, Poor Credit, London, Toronto, Mississauga, Hamilton, Apply Now Free!

We know you have many questions and want to make the right decision. We've answered some of the common questions we receive.

FREQUENTLY ASKED QUESTIONS

These are some of the most common questions our customers are asking. We would be pleased to discuss any of these questions, or others that you may have, in more detail with you.

Does Ezee Credit offer new or pre-owned vehicles?

We offer both new and pre-owned vehicles.

What kind of vehicles can I get from you?

Ezee Credit offers cars, vans, sport utility vehicles and light trucks for recreation and/or work purposes. See our inventory of vehicles we currently have in stock. Many vehicles are being sourced and added each day, plus we can custom source additional vehicles from our many vehicle suppliers as required.

Can I get approved even if I have bad credit?

Absolutely! Ezee Credit specializes in getting people a fresh start by focusing on the future instead of dwelling on the past. That's why our motto is "Start Something Good!"

What if I have been turned down before?

If you have been turned down before, don't loose hope. Ezee Credit has programs and lenders for most every situation. We carefully evaluate your credit profile, income, debt factors and available inventory. Our goal is to get you driving. In every case, we will guide you and explain to you what you need to do to get approved.

What if I have really bad credit?

Let us evaluate how bad it really is. We understand that circumstances happen in life that can negatively impact people's credit scores. We focus on the future and why it should be different from the past.


Every person and credit challenge is unique. But there are likely more similarities than you imagine. The professionals at Ezee Credit are resourceful and creative and have found ways of getting people approved for 15 years. Let our experience work for you.

Do you have 100% approval like I see advertised?

Everyone can get approved if they come up with enough money and/or the vehicle is cheap enough. Obviously these claims have little value to you and are often just ploys to get you to apply at these locations. At Ezee Credit, our goal is to get you approved on a quality vehicle that will meet your needs. One that you will be proud to drive and that will still meet your cash and budget limitations. If your credit is at the point where we cannot get you approved, we will tell you what you need to do in order to get approved.

If I have filed bankruptcy or consumer proposal, can I still qualify?

Yes, Ezee Credit will consider all applicants, even those who have just filed and are still undischarged from bankruptcies and/or who haven't completed a proposal. In fact, our scoring model actually adds points for a bankruptcy or proposal.


Many clients have picked out their vehicle prior to filing bankruptcy or a proposal and picked up their vehicle right afterwards. In addition, customers have discovered that they could trade-in their "exempt from bankruptcy vehicles" to Ezee Credit as part of a new lease so they could drive a much better and newer vehicle throughout their bankruptcy.

What if I don't have all the money I need right now?

Ezee Credit has the Ezee Start-Up Program that many customers use to get into a vehicle today and pay for the balance of the start-up costs over time.

What must I do to qualify for a vehicle?

You must take the first step and apply through our Secure Auto Application. If you take the first step, we will help you with the rest.

Free No Obligation Bad Credit Auto Car Loans Application

If you would like to meet with us in person, just contact one of our Auto Finance Consultants and set up an appointment to come in. We generally find, however, that the first meeting is more meaningful when you have applied on-line first.

How long does the application process take?

It can be as short as a couple of hours. In most cases, you will be contacted within a 24-hour period. Immediately upon receiving your application, the process will begin and you will be contacted as soon as possible. Please keep in mind that if you apply over a weekend or holiday, it can take a little longer.

Will it help if I have a co-signer?

Co-signers, especially those with good credit histories and income, are a definite plus.

Are there any fees associated with your approval application?

No, there are no fees or obligations for making an on-line application.

How do I check the status of my application?

If it has been over 48 hours since you submitted your application, please contact us at 519-455-2408 (London) or 519-620-9900 (Cambridge).

Is the information I submit secure?

Yes, your credit application is transmitted using 128 bit Encryption onto a Secure Server. Verify our Security Certificate Here >>

Is my information private?

We do not share your personal information with anybody without your consent. We are not in the business of selling or sharing your personal information with any other firm or entity. See our Privacy Policy.

There are so many "Bad Credit Auto Loan Sites and Advertisements" to choose from. How do I know which one is best for me?

Bad Credit - Special Finance - Subprime auto loan sites generally use the same group of lenders. By applying on multiple sites, you could be creating duplicate applications being sent to the same lenders. This can lead to multiple credit reports being pulled on you by the very same lender for the purpose of obtaining only one loan and can actually hurt your chances of success!


Choosing a company such as Ezee Credit, which works differently than most, will offer you a professional human touch, minimize any duplication of applications and offer you an additional finance source no one else has.

Will multiple applications hurt my credit rating?

Each time you apply for credit, it is affecting your credit rating. Credit scoring agencies have guidelines regarding consolidating more than one inquiry received within a short time period into one inquiry for credit scoring purposes. Unfortunately, each application still shows as an independent credit inquiry on your credit bureau.


Lenders are often wary of people with too many inquiries as it appears they are desperately seeking credit and that they may have been repeatedly turned down. If the inquiries are too far apart in time, it will also reduce your credit score. For these reasons, too many inquiries can actually make getting an auto loan more difficult.


The way Ezee Credit protects you is by trying to carefully evaluate your circumstances before sending your application anywhere else. We generally review your application in detail and discuss with you your options before applying to any outside lenders.

What are these sites that say they aren't a Dealer or a Finance Source?

There are a growing number of Internet sites offering on-line applications for credit approval. These sites are designed to get you to apply and then your "lead" is often sold off to a dealer located in your area. These sites can often shop your credit to the same group of lenders and may further damage your credit as outlined above. In addition, the relationship of the dealers affiliated with them is often based solely upon paying a fee for your lead.

Before applying on these sites, make sure that there is truly some value to you besides just having a dealer call you that has paid for your name and number.

If I get a pre-owned vehicle, how can I be sure it is reliable?

All of our vehicles undergo a rigorous comprehensive inspection and come with a minimum 12-month Power Train warranty for your peace of mind.

Do you take Trade-Ins?

Yes we do. In fact you can use your trade as a down payment or towards your ingoing cash requirements on a lease if there is enough value in your vehicle over any lien amount. You should find out how much you owe on your vehicle if you have an outstanding loan or lease.

Does having bad credit or no credit mean I have to drive an older, unreliable vehicle to start rebuilding my credit?

Absolutely not!


You can still qualify for a new or late model car, truck, SUV or van. We believe that the better the vehicle, the more you will enjoy your new vehicle and the better your chances of successfully rebuilding your credit. All of our vehicles undergo a comprehensive inspection and come with a minimum 12 month powertrain warranty for your peace of mind.

Will a down payment be required?

This depends upon your credit circumstances and the vehicle selected. We try to keep any down payment (or refundable security deposit on a lease) to a minimum. It is wise, however, to be prepared to have $500 to $1,000 saved up and be pleasantly surprised if less is required.

What are the interest rates for my auto loan?

A very good question for which there is no direct answer. The financing charges are determined by many factors including overall credit history, the severity of credit problems, the degree of credit risk, the amount of down payment (if any), the term of the lease or loan and the vehicle selected. You will be told the interest rate on any loan or lease you get through Ezee Credit once it has been determined.

What are the sources of financing you use?

Ezee Credit has relationships with a large group of financial sources. In most cases, we can offer you the same financing sources and same financial terms that you will find available through most of the dealers or finance sources you find on the Internet or otherwise advertised.


In addition, at Ezee Credit, you also receive the benefit of a customized lease alternative quote for your next vehicle, financed through Ezee Credit. As most lenders limit their exposure to any one customer, financing through Ezee Credit leaves these other finance sources available to you for your other credit needs as you re-establish.


At the same time, we can easily arrange a purchase financed through one of our many financial sources if you prefer this or if there are advantages to purchase financing in your particular circumstances. We will do the analysis and let you know what we think. You can then decide what's best for you. The one thing we won't do is indiscriminately shop your credit all over the place. We want to have a good idea of where to satisfy your financing needs on a selective basis so that we don't have any more inquiries on your credit bureau than necessary.

What are the benefits of leasing?

One of the most important advantages of leasing is that we can design a custom vehicle lease around your specific needs and driving habits. We believe this improves your chances of success of helping you re-establish your credit faster by providing a shorter term and a realistic buyout. Check out our Leasing Resources for more information.


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Testimonials

"Ezee Credit helped me 'shop' until I found the ideal vehicle for me. This is my second vehicle and I am really happy with the service and customer care at Ezee Credit." -- Bill H

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