Challenge:
Leonie contacted us because she was looking to finance a used car, but she knew her credit was less than perfect.
We took her credit application and then updated her credit file. We then found out that she had a written off auto loan within the last year showing on her credit file. She told us that she was not aware that the auto loan was written off because she is still paying her monthly payments for that loan.
We told her to seek legal advice on how to correct any issues she was having with that written off loan. Having a written of auto loan on your credit file makes it almost impossible to secure a new auto loan and will lower your beacon score dramatically.
SOLUTION:
Ontario Drivez was able to secure a new auto loan for Leonie. We also gave Leonie some very good tips on how to clean up her credit so that in the future when she is ready to buy another car with financing the process will be much smoother.
