Second chance financing
Second chance credit
Late payments, accumulated debt or a weakened credit score should never leave you without a reliable vehicle. Second chance credit finances you today, and puts your file back on track for tomorrow.
Rates from 10.99%
This solution is for you if…
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You have built up late payments or accounts in collection
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Your debt ratio makes banks hesitate
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Your credit score sits below the threshold traditional institutions require
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You are coming out of a hard stretch: a separation, a job loss, an illness
How does a second chance loan work?
Because we are the lender, we assess your actual situation (your income, your stability, your capacity to pay) and not just your score. The rate is higher than a conventional loan, but the goal is temporary: after 12 to 24 months of regular payments, your file improves and refinancing at a better rate becomes possible.
A loan that rebuilds your credit score
Every payment made on time is reported to the credit bureaus (Equifax and TransUnion). A well-managed car loan is one of the most effective tools for bringing a score back up: it is instalment credit, which behaves differently from a credit card, and it diversifies and strengthens your file.
Frequently asked questions
What credit score do I need to be approved?
There is no fixed threshold: we approve files that banks turn down. What matters is stable, verifiable income.
Can I refinance later at a better rate?
Yes. After 12 to 24 months of solid payments, many of our clients refinance their loan or trade their vehicle at a significantly lower rate.