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Sat 9:00am - 5:00pm
Sun 10:00am - 4:00pm
Dealership hours of operation
Mon - Thu 9:00am
Fri 9:00am - 6:00pm
Sat 9:00am - 5:00pm
Sun 9:00am - 6:00pm

Bad Credit Approval


Re-build your credit's health by removing faulty or incorrect items from your credit report and get back to doing what you love doing without worries or problems.
Here are some key STEPS to do so.


Step 1

reapplying for another loan

Wait at least six months before reapplying for another loan

It would be best if you had time to re-establish/establish some credit history and patterns. It could be beneficial to invest in a credit monitoring package from either Equifax or TransUnion so you can watch as your credit score rises. You'll also know precisely when it's time to apply for your loan again.

Get a Capital one prepaid $500 limit credit card

Otherwise known as a credit builder loan - this low-risk credit product will help boost your credit score.

Capital one prepaid

Step 2

Any outstanding credit must be kept up to date and paid on time

The best way to protect your credit is to pay your bills on time. Try to lower your credit usage percentage to below 30% - that's only 30% of all the credit you have used. You also want to ensure you make payments on time and in full every month. Paying your credit card bills with more than the minimum payment will get that credit score up even faster. The more money you put towards your credit card payments, the faster your credit score will rise.

kept up to date and paid on time

co-signer with a solid credit

Obtain a co-signer with a solid credit rating

If your income or credit were not sufficient to get approved, you might have better odds if you add someone else's income and praise to the application, assuming they have better credentials. The co-signer will apply with you and will be responsible for repaying the loan should you default. The co-signer will need to be able to qualify for the loan. If you fail to repay, the lender will go after both you and your co-signer, and the co-signers credit will also suffer, so only use a co-signer who understands and agrees to take on that risk.

Step 3

Stay at one job

Stay at one job most banks require a minimum of three months

Lenders want to see a history of stable income so that they feel confident that their current job isn't going to end, abruptly limiting your ability to pay back what you borrowed. If you've just started a new job, wait at least three months before applying for a loan.

Excessive inquiries lower your beacon/credit score, don't shop credit or try to open several new accounts

If a lender sees on your credit report that you've been applying everywhere for credit, it looks like you might be trying to get credit out of desperation. It makes lending to you riskier and leads potential lenders to think you may not be able to pay back the funds you borrow.

Excessive inquiries

Step 4

Ensure all credit cards are under their limits

Exceeding your credit limit will not only cost you over-limit fees but will also hurt your credit rating as you are utilizing more than 100% usage - lenders like to see below 50% usage.

all credit cards are under

debt and income ratio

Look at your debt and income ratio before reapplying

Evaluate your debt-to-income ratio to determine whether you have sufficient income to repay a loan. In general, a percentage of under 36% can boost your creditworthiness in the yes of lenders.

Step 5

credit reports

Look closely at your credit reports

The credit reports on file with the three credit bureaus (Equifax, Experian, and TransUnion) will show you the lenders that granted you credit, the types of credit you received, and your payment history. Take a close look at these reports and ensure that the information being reported is accurate and up to date as sometimes old, inaccurate and outdated data may still be showing on your account, negatively affecting your credit score.

Contact all outstanding creditors and make arrangements to repay

Most creditors are willing to work with you as long as you follow through with
the deals you make.

make arrangements to repay

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      I agree with the Terms & Conditions belowI agree with the Terms & Conditions below By checking this box, I consent to the collection, use and disclosure of my personal information as described in this paragraph. I agree that the personal information provided above may be used and disclosed by the Grande Prairie Auto Group and/or its agents or service providers (collectively, the "Dealer") as necessary to obtain credit, financial and related personal information (including a credit or consumer information report) about me from any credit bureau or credit reporting agency, and to advise me on credit availability in connection with product and/or service purchase financing. I further agree that the personal information provided above may be disclosed to the provider of Dealer’s website hosting or related services for the purpose of enabling Dealer to access my personal information for marketing purposes. Personal information I provide and credit information obtained may also be retained by Dealer and used to facilitate the application process should I subsequently choose to apply for credit through Dealer.