Over the years, we’ve helped hundreds of families make the best out of a not-so-perfect situation. We have helped them get bad credit car loans in Nova Scotia and other Maritime Provinces. And 9 out of 10 times, we’re asked, ‘how do I rebuild by bad credit”. Sometimes, we’re asked, how long will it take for a bad credit car loan to fix the score.  The answer to questions such as these isn’t simple. Rebuilding your credit score is a long journey – one that needs financial discipline and commitment. If you are looking for ways to improve your credit score, here are three things to remember before opting for bad credit car loans:

Choose your options carefully:

A bad credit car loan is primarily designed to provide affordable financing options for people with a poor credit score. Credit rebuilding is a secondary consequence; hence you will have to choose your options very carefully. Lenders offering bad credit car loans often charge high interest rates. You will have to shop for a lender offering loans on borrower-friendly terms.

How much can you afford to spend on a car:

Before you begin shopping for a car, get a clear idea of how much you can afford to pay for the car. This includes calculating insurance payments, down payment, repair fees, etc. Shopping becomes easy when you set a budget and then look for options that fit the budget.


Just because your credit situation isn’t perfect, you don’t have to stop negotiating. Dealers often announce special discounts for students and defence personnel. And don’t forget to inquire about referral discounts. You can also save money by renegotiating the different factors related to a bad credit car loan. Some of them include; length of the loan, prepayment penalty options, interest rates, and other additional fees.

Call us if you are looking for bad credit car loans in Nova Scotia and other provinces in the Maritimes. We’ll help you!