timelines for loan approval...
Once you have filled out the application, we can process your information and submit to the lenders immediately. Depending on the information you have provided, we may need to contact you to clarify minor details before submitting your information to the lending companies. Most lenders will be able to accept or decline your application within 24 hours. The more complex your circumstances, the broader range of lenders we may have to approach, and of course this may take some additional time to process. Once we have your budget figures and the approvals in place we can look at matching you with a suitable vehicle.
timelines for credit history repair ...
Credit histories follow you around for a long time. All loans, credit cards, utility payments, etc will be on your record for up to 6 years. While minor problem entries will drop off in this time, major problems such as bankruptcy, credit repayment proposals, repossessions, defaulted loans etc may create permanent flags on your credit history. Your ability to obtain a loan, meet your monthly payments, and ultimately repay in a timely manner will be viewed as positive information and will positively affect your overall credit scores. While we cannot promise to fix or repair your credit score, we can provide a pathway that, if you continue to show reliability, will result in improved credit scores. This process of repair will take time. Usually this is measured in months and years. Do not be fooled into thinking that one or two months will turn you around, and you certainly can't buy a better credit history. We feel it is more likely to be 1-2 years before significant trends are noticeable in your scores. But even with these very slow improvements, you can become more attractive to the lenders, who will begin to recognize the lower risk that your efforts represent. This may qualify you for lower interest rates, and the ability to change your vehicle as your needs demand.
You can apply for a loan any time, 24 hours per day. Our Special Finance managers will examine your request as soon as they get notified of your application. We can get you approved as early as the same day or usually within 24 hours of receiving your application during normal business hours.