How can I obtain a car loan without a credit check in Toronto?

May 24, 2010 - PRLog -- You may have heard there are services out there that will approve you for a car loan without a credit check, yes it is true! There are lenders out there mostly private lenders who is willing to take a chance on you when all the banks and lending institutions reject your application. It is also true you will not need a proof of income or a credit bureau to obtain these types of loans. That means if you just got a new job for less than a week, or you have credit scores lower than 350 or you have just arrived in the country, you can still obtain a car loan. These types of situations will apply to international students, self employed individuals, disability or retirement pensions. In another word very difficult to obtain a car loan any other way. The smaller private lenders will not care for your credit history, or even if you can prove your story or income. The interest rate will be higher compare to the bank, but since the bus will be the only alternative, it is a no brainer for anyone desperate for a car loan. There maybe stipulations in the contract that will involve GPS locators, or a small amount of down payment. But these types of service will not require you to produce a credit report at all.

If you just Google "no credit checks Toronto" you should be able to find the top search results. Selected Fine Cars Inc is one of the providers in the Toronto area with no credit checks required, their finance program will only require you to put down $499 as your down payment, and you will be automatically approved for a car loan. No credit checks, no credit reports, no proof of income, no employment letters, and best of all no co-signers required. Benchmark Automotive Group is another service provider with similar type of service, in addition Benchmark Automotive is offering a trade in program that will take any vehicle in any shape as a trade in or your down payment towards your new loan.

So don't be discourage the next time you are turned down for a car loan, there are services exist today that can approve you regardless of your past. To visit them online you can find Selected Fine Cars Inc at http://www.selectedfinecars.ca or Benchmark Automotive Group at http://www.benchmarkautomotive.ca

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