Car Ownership Can Be Crucial for Financial Stability
The fact that you have zero credit doesn’t mean you can’t finance a car in Barrie. In fact, it is probably a good reason why you SHOULD own a car in that city.
Experts have been studying the relationship between mobility and financial stability. While government policy emphasizes public transit, that mostly helps people in dense urban areas who travel to work in their same community. The mobility a car allows creates a greater choice in living arrangements. Owning a car makes it easier for people to live closer – or further – from the schools they wish to attend, or get to their places of employment.
Many residents of Barrie commute southward to the GTA. That’s fine if you can access transit to your destination, but a great proportion of the work opportunities in the GTA, especially in the suburban areas, are not directly accessible by transit. Furthermore, a great many jobs actually require the use of cars. Cars create opportunities, and opportunities rely on access to vehicles.
Maintaining Good Credit is Not Always Possible
There are companies that collect credit information. Consumer reporting agencies must register with the Ontario government and there are restrictions on what they can collect. They are also bound by HOW that information can be used, and when someone can request a credit report. Importantly for the consumer, they are required to have correct information on you – and change anything that is inaccurate. HYPERLINKE HERE FROM #10
Advice is cheap and there is lots of it when it comes to maintaining good credit:
- Pay your bills on time
- Never exceed your credit card limit
- Don’t apply for credit too often
- Keep an eye on the monthly charges for things you buy
But, despite that basic advice and to paraphrase the famous line: ‘Debt Happens’. Sometimes it is your fault; often it is the result of circumstances beyond our control. But when it does, it affects your credit rating and can make consumer purchases difficult, especially the one essential to your financial well-being – your car.
Zero Credit and You Need a Car: Where to Turn for Help
Fortunately, there are specialty finance companies that can arrange a loan for you and facilitate your purchase of a car. Your credit rating can be zero or you can even be in bankruptcy. Trained finance representatives will find you the best financial package to assist in your purchase.
With a company like Auto Loan Services you can go online and set the whole process in motion. A short online form will result in a call from a representative. You will be asked to provide a valid Ontario Drivers’ License, proof of income, Insurance information; and a Void cheque or pre-authorized debit form.
The interest rate of the loan you get will be governed by several factors including your credit history (or lack thereof), employment history, type of vehicle you are seeking and how much, if any, you are willing to put in down payments. Trade-ins are possible. Once approved you can then access an inventory of 5000 new and used vehicles at a large range of dealerships.
Zero credit can still get you car financing in Barrie – steering you to financial stability.