Frequently Asked Questions

Does it matter what I use my loan for?

Your money is your money. You may use your loan for renovations, debt consolidation, a vacation, or just about anything you choose to spend it on. What your loan is for has no bearing on whether or not your loan will be accepted.

My credit is really, really bad, can I still qualify?

Yes, even with extremely bad credit, you can qualify for a loan if you own a vehicle that is less than eight years old. Our loans are secured by the value of the borrower’s vehicle, so credit rating is virtually irrelevant.

Will I qualify if I’ve previously declared bankruptcy?

Yes, you can qualify even with a bankruptcy on your record. Our loans are approved based on the value of your vehicle, not on your credit rating. If you have a car that is less than 8 years old you can be approved no matter what your credit rating is.

Will you accept a loan against any car?

In order to qualify, your car must:

Be completely paid for

Be insured, including collision and comprehensive coverage

Have a clear title (not leased and no outstanding loans on it)

Be less than eight years old

How long can I take to pay off my loan?

Our loans are flexible and made to suit almost any budget. You can choose to pay your loan in monthly instalments for a period of 1 to 4 years.

If I take a loan with you, will you own my car?

No, your car remains in your name and in your possession for the duration of the loan.

Prefer to apply for your bad credit loan in person?